The great new frontier in the global fight against poverty is access to electricity. The UN has launched a campaign to provide energy for all and our friends at the ONE Campaign have issued an Energy Poverty Challenge (see Michael Elliott’s video here). According to ONE, some 70% of Africans don’t have access to modern energy.
CGD Policy Blogs
IMF managing director Christine Lagarde startled IFI watchers last week by warning at a CGD-hosted speech that the world faces “a triple crisis—an economic crisis, an environmental crisis and, increasing, a social crisis.”
IMF managing director Christine Lagarde announced at a CGD event on Tuesday that the IMF would provide research and analytic support in three areas crucial to sustainable development: carbon pricing, phasing out fossil fuel subsidies and green national accounting, that is, development of new measures of economic progress that take into account environmental costs and benefits not included in Gross Domestic Product (GDP).
IMF Chief Warns of Triple Crisis—Economic, Environment, Social—Details IMF Actions to Help on Climate
In a major departure from the IMF’s traditional focus on narrowly defined economic problems, IMF managing director Christine Lagarde warned today that the world faces “a triple crisis—an economic crisis, an environmental crisis and, increasing, a social crisis.”