IMF Managing Director Georgieva: China has made rapid progress in achieving its climate goals

On October 16, Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF), delivered a speech via video at the 2024ESG Global Leaders Conference, praising China for its firm commitment to achieving climate goals.

Georgieva pointed out that China has made rapid progress in achieving its climate goals, which has been driven by prudent policies, including the Carbon Emissions Trading Mechanism (ETS) and emission quota trading. These policies can make it easier to achieve climate goals, while also increasing revenue to achieve climate goals.

"I also recognize China's role in international cooperation. The IMF is keen to work with all member states to support the establishment of a global carbon price floor, which would bring countries together to encourage decarbonization. We welcome cooperation with our Chinese colleagues in this regard." Georgieva said,"The IMF has also established a long-term concessional lending facility, the Resilience and Sustainability Trust (RST). It has mobilized US$46 billion to support IMF member states in implementing climate policies, and I would like to take this opportunity to thank China for its contribution to the RST Trust."