The ruins of houses destroyed by a wild fire in California. Photograph: David McNew/Getty Images


Christine Lagarde warns of ‘dark future’ if the world fails to take steps to address global warming...

The world will be in deep trouble if it fails to tackle climate change and inequality, IMF managing director Christine Lagarde has warned.

“If we don’t address these issues... we will be moving to a dark future” in 50 years, she told a major economic conference in the Saudi capital Riyadh on Tuesday.

Lagarde said that “we will be toasted, roasted and grilled” if the world fails to take “critical decisions” on climate change.

In 2015, around 195 nations signed the Paris climate agreement which set out goals to reduce greenhouse gas emissions, so as to prevent temperatures rising by more than two degrees in around 50 years.

But US President Donald Trump announced in June the start of a three-year process to pull out of the pact, arguing that it would put the US at an economic disadvantage.

His move faced fierce criticism from world leaders and activists, with former UN secretary general Ban Ki-moon accusing Trump of “standing on the wrong side of history”.

Lagarde also called for tackling inequality between men and women and countries that are “haves” and those that are “have nots”.

If the world wants a future that “looks like utopia and not dystopia”, it needs to address such concerns, Lagarde said. She predicted that in 50 years’ time, oil will be a secondary commodity.

In a statement following her visit, Lagarde praised Saudi reform efforts and moves to address the economic effects of persistently low oil prices.

“Saudi Arabia is also undertaking reforms to reduce constraints to women entering the workforce,” Lagarde said in the statement, pointing to a recent decision to allow women to drive.

Female entrepreneurship could be boosted through fiscal incentives and other policies, she added.

Sign up for the Global Warming Blog for free by clicking here. In your email you will receive critical news, research and the warning signs for the next global warming disaster.

Click here to learn how global warming has become irreversible and what you can do to protect your family and assets.

Click here to learn about the most disruptive new book on global warming facts and research. Climageddon, The Global warming Emergency and How to Survive it.

To share this blog post: Go to the original shorter version of this post. Look to lower right for the large green Share button.

To view our current agreement or disagreement with this blog article, click here.

Be the first to comment

Please check your e-mail for a link to activate your account.
Sign Up For Newsletter Take Action Donate

David Pike, Editor