A ‘dashboard’ to better understand how climate is impacting on nations across the world has been launched.
The International Monetary Fund (IMF) says its Climate Change Indicators Dashboard will provide badly needed data to help plan policy and action around the global emergency.
The indicators were developed between agencies including the Organisation for Economic Co-operation and Development (OECD), the World Bank Group (WBG), the United Nations (UN), the European Commission, the European Statistical Office (Eurostat), the Food and Agriculture Organization (FAO), the International Energy Agency (IEA) and the National Oceanic and Atmospheric Administration (NOAA).
It covers greenhouse gas emissions from economic activity, trade in environmental goods, green finance, government policies, and physical and transition risks.
“To develop the right measures to tackle climate change, governments need robust and comparable data. The new IMF Dashboard will help fill data gaps, so policymakers can undertake the macroeconomic and financial analysis that underpins effective policies,” IMF Managing Director Kristalina Georgieva said.
The indicators are grouped into 4 categories: Economic Activity and Climate; Cross-Border; Financial, Physical and Transition Risks; and Government Policy indicators.
The four categories broadly reflect four dimensions: production, consumption and final demand, financing, and government policies. Additional indicators, country coverage and granularity are planned to be added over time.