New statistics aim to support government and investment policies.
The International Monetary Fund (IMF) this week launched a new climate change indicators dashboard to provide better access to the data needed for good national and financial policy analysis.
The dashboard is a single platform that brings together experimental climate change indicators developed in cooperation with international organizations and other global agencies. The project has been driven by the IMF’s need for member country surveillance, monitoring, policy-making and research on climate mitigation and adaptation.
IMF managing director Kristalina Georgieva said: “To develop the right measures to tackle climate change, governments need robust and comparable data. The new IMF dashboard will help fill data gaps, so policymakers can undertake the macroeconomic and financial analysis that underpins effective policies.”
The dashboard covers four broad areas which it breaks down into key issues. These are:
- Economic activity and climate indicators
- Greenhouse gas emissions
- Carbon emission per unit of output
- Climate indicators
- Cross border indicators
- Trade-related indicators
- Direct investment-related indicators
- Financial, physical and transition risk indicators
- Carbon footprint-adjusted loans to total loans for deposit takers
- Green bonds
- Physical risks
- Transition risks
- Government policy indicators
- Environmental taxes
- Government expenditure on environmental protection
The data has been designed in consultation with the OECD, the World Bank, the UN, the European Commission, Eurostat, the Food and Agriculture Organization, the International Energy Agency and the National Oceanic and Atmospheric Administration. It is expected that additional indicators, country coverage and granularity will be added over time.