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Fostering Growth and Poverty Reduction in a World of Immense Risk

On April 2, 2013 the IMF and WRI hosted a special event with Lord Nicholas Stern.

In the six-plus years of economic turbulence since the publication of the Stern Review, the risks from unmanaged climate change look substantially higher. Continued neglect will likely spur large movements of population and extended conflict.

We understand how to radically reduce these risks, yet the political will to act is weak. A key obstacle is the common but misguided perception that there is a stark conflict between growth and climate responsibility.

Lord Stern analysed how risks and understanding have changed in these last six years and argued that the transition to the low-carbon economy is full of opportunity for growth and poverty reduction.

Address by
Lord Nicholas Stern
Chair, Grantham Research Institute

Remarks by
Christine Lagarde
Managing Director, International Monetary Fund (IMF)

Conversation with
Andrew Steer
President and CEO, World Resources Institute (WRI)

Closing remarks
Rachel Kyte
Vice President of Sustainable Development, World Bank


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