Eric Maugendre
"Previous IMF interventions may have reduced a country’s ability to invest in transition. Now, the IMF’s response to, or management of, an economic crisis must also consider solutions that are not building the fragilities of the future.
[…] The IMF is facing a steep learning curve."
#E3G: https://www.e3g.org/news/navigating-a-coming-storm-the-imf-and-the-climate-transition/
#IMF #finance #energyTransition #transitioning #transition #promises #money #Georgieva
Eric Maugendre
"This analysis makes clear that the pat notion of “affordable clean #energy” views the world through a narrow keyhole that is blind to innumerable economic, ecological, and social costs. These undesirable #externalities can no longer be ignored. To achieve #sustainability and salvage civilization, society must embark on a planned, cooperative descent from an extreme state of overshoot in just a decade or two."
https://www.mdpi.com/1996-1073/14/15/4508 @climate
phiofx
@maugendre @climate i had to chuckle at the naivete of a planned and cooperative pathway to #sustainability
We are in the midst of a geopolitical conflagration that may be rehearsal for worse. How do you get livid, bigoted populations and power structures that thrive on exploiting otherness actually cooperate?
As for planning, while free markets is a myth and state-backed oligopolies the reality, legal/financial/economic systems built 100% on monetary profit cant be jettisoned in a hurry
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