“The Bretton Woods system is not fit”. Faced with the scale of the climate crisis and its financing, economist Laurence Tubiana noted at the press conference organised by the European Climate Foundation on Wednesday 5 April that the financial system is “fragmented”.
The meeting, held ahead of the IMF’s spring meetings, discussed the basis for a ‘new global financing pact’ in the run-up to the Paris Summit. Taking place in June 2023, this international conference will aim to...