Saturday November 28, 2020

Analysis: Ireland’s economy can benefit from energy transition

IMF’s chapter on climate change is required reading for those interested in how meeting net-zero emissions targets might boost countries’ wealth

Daniel Murray

Business Reporter

22nd October, 2020
The IMF said governments should consider 80 per cent subsidy rates on renewable energy production. Picture: Getty

Last week, as most of the climate and energy world was poring over the International Energy Agency’s (IEA) annual report, the International Monetary Fund (IMF) published an equally important chapter on climate change in its economic outlook. While the former made headlines around the world, the latter barely got picked up.

The inclusion of a chapter specifically on climate change was in itself a notable departure for the IMF, and its contents should...

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