WASHINGTON- The International Monetary Fund views climate change as a fundamental risk to economic and financial stability, its boss said on Monday, mapping out the IMF's plans to help focus investments in green technologies that will boost global growth.
IMF Managing Director Kristalina Georgieva told the Climate Adaptation Summit that global economic output could expand by by 0.7% over the next 15 years and millions of jobs could be created if rising carbon prices rose steadily and investments expanded in green infrastructure.
(Reporting by Andrea Shalal) ((andrea.shalal@tr.com; +1 202-815-7432;))
