"Mitigation efforts require measures to address the underlying problem by slowing or stopping the rise in fossil fuel emissions, which could irreversibly and catastrophically raise the Earth’s temperature. Adaptation is needed to help people and governments withstand and minimize the ravages of climate change that are already here."

This article was prepared and published by the IMF's Finance&Development magazine. Please click here to access the full article.

Source: IMF, FINANCE & DEVELOPMENT, SEPTEMBER 2021

ART: ISTOCK / RASTUDIO