IMF chief Christine Lagarde has warned of dire consequences if we fail to take action on climate change. She also advocated introducing a carbon tax to generate more funds to sponsor poorer countries' climate goals.
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"If we collectively chicken out of this we'll all turn into chickens and we'll all be fried, grilled, toasted and roasted," International Monetary Fund (IMF) chief Christine Lagarde said, talking to officials at the IMF and the World Bank's annual meeting in Lima, Peru.
As a solution, Lagarde suggested that taxing carbon emissions would be one way of raising funds to sponsor poorer countries' efforts to tackle global warming. "It is just the right moment to introduce carbon taxes," she said, adding that this could also help governments boost revenues at a time when most countries had little in the manner of "fiscal buffers" to tide them over during a bad financial phase.
Revenues from carbon taxes could contribute to rich nations' funding target of $100 billion (89 billion euros) a year by 2020 to help poorer nations fight the impact of climate change, the IMF head explained. According to the Organization for Economic Cooperation and Development's (OECD) latest report, the world was still $38 billion short of that target last year.
A case against energy subsidies
World Bank President Jim Yong Kim's suggestions to reduce global warming included eliminating energy subsidies, which would cost $5.3 trillion globally in 2015.
"We have been trying to help countries remove fuel subsidies," Kim said, adding that this could mean a rise in fuel prices. "Politicians don't like it when taxi drivers and truck drivers block the streets," he said.
But would the shift from fossil fuels to clean energy be possible? According to the UN's climate talks executive secretary Christiana Figueres, 146 countries had submitted their pledges to reduce emissions before the climate discussions in Paris this December, but these were not enough to bring down the levels of greenhouse gases. However, closing the gap was "entirely doable," she said.
mg/msh (AP, AFP)
Meet Europe's climate heroes
On a low-carbon roadtrip across Europe, two intrepid DW reporters sought out local climate heroes - regular people who are finding innovative ways to protect the environment and tackle global warming.
Image: DW/R. Krause
Fighting for forests
Mori and Mila are determined to save Hambacher Forst, an ancient forest in Germany, which is facing the chop. German power company RWE wants to expand the country's largest brown coal mine. To keep the diggers away, Mori and Mila have moved into treehouses. Some activists even regularly sneak into the open-pit coal mine where they lock themselves to mining excavators to stop operations.
Image: DW/A. S. Brändlin
Fishing plastic out of Amsterdam's canals
Where others see trash, Marius Smit sees a valuable resource. Amsterdam's canals are littered with discarded plastic bottles - until Marius and his volunteers have passed by. They enjoy a drink, while casting their nets and pulling in a haul that Marius’s company "Plastic Whale" turns into boats. That way, the bottles make their way back onto the canals - but in a much more attractive form.
Image: DW/R. Krause
Making people taste their waste
Luana Carretto believes we've lost touch with food and can't tell if something wrapped in plastic is still good to eat. As a result, we throw away perfectly edible food without a second thought. That's why she set up "Taste Before You Waste" in Amsterdam, delivering food otherwise headed for the trash to those in need. She hands out "waste" food to strangers and cooks up delicious community meals.
Image: DW/A. S. Brändlin
Pioneering clean technologies
Guus van der Ven helped set up a green-tech playground, De Ceuvel. Built on an old shipyard in Amsterdam, the site was heavily polluted. Now it's being cleaned up using pollution-extracting plants and is home to a creative co-working space thriving on renewable energy and recycled materials. Even human waste is turned into fertilizer and used to grow food in the on-site greenhouse.
Image: DW/A. S. Brändlin
Taking legal action
In 2009, 195 countries agreed to keep global warming below 2 degrees Celsius. Belgium was one of them - but Ignace Schops, director of an NGO that runs Belgium's national parks, says his government isn't taking the action needed to fulfill that promise. So together with a creative group, he is suing the Belgium parliament to cut CO2 emissions by 25 to 40 percent by 2020, and 87 percent by 2050.
Image: DW/R. Krause
Banking on the power of the sun
Tobias Postulka is passionate about boats and passionate about protecting the planet. That's why he converted an old fishing boat into an eco dream, running solely on solar power. Even on cloudy days, the solar panels are more than up to the job. He’s now even inviting groups of tourists, friends and school kids aboard to educate them about the power of the sun - and to ship them across Berlin.
Image: DW/R. Krause
Pedal powering through Berlin
Guido Borgers uses sheer physical strength to provide 100 percent carbon-neutral transportation around the German capital. Unlike many of his competitors on Berlin's bike rickshaw market, which have bikes powered by electric engines, Guido's vehicle relies solely on muscle power. More than just a taxi driver, he somehow finds the breath to give guided tours of the historic sights along the way.
Image: DW/A. S. Brändlin
Selling nude food
With the average German producing 250 kilograms of waste every year, Milena Glimbovski found herself asking: "Why is all of this food I buy every day wrapped in so much plastic? Is that really necessary?" That's why she founded Berlin’s first package-free shop: "Original Unverpackt." It gives customers a more climate-friendly way to shop, with more than 400 products - minus the trash - on sale.
Image: DW/A. S. Brändlin
Greening the festival scene
What used to be a coal mining region has become a green festival haven, where five colossal steel excavators provide a dramatic backdrop as up to 25,000 festival goers dance the night away. Thies Schröder, CEO of the festival site Ferropolis, is determined to host a climate-friendly party and pave the way to a greener festival future. 75 percent of Ferropolis’ energy comes directly from solar.
Image: DW/R. Krause
Testing the energy future
Windtest Grevenbroich gives wind turbines a rigorous going over to gather the data manufacturers need to get the best performance out of these green power behemoths. Benjamin Böhme's job involves finding new locations where the turbines can reap their zero-carbon energy harvest. He says the German government needs to do more to reach its target of 80 percent renewable power.