Rashid Kamau's post

International Monetary Fund Managing Director Kristalina Georgieva said that countries need to shift some $7 trillion in direct and indirect annual subsidies for fossil fuels to help finance the fight against climate change.
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https://www.reuters.com/business/environment/imf-chief-says-countries-should-shift-fossil-fuel-subsidies-fight-climate-change-2024-01-17/


  • Princess

    11 w

    This reallocation can significantly contribute to financing efforts aimed at mitigating the impacts of climate change.

    3
    • CHRIS NGATIA

      12 w

      Green energy financing will aid alot

      1
      • Munene Mugambi

        13 w

        We're in agreement on cutting the subsidies but we need not shift the buying burden to the citizens. If the governments don't want the fossil fuels, let the provide better and alternative fuels

        6
        • Tabitha Kimani

          13 w

          The amount of subsidies that fossil fuels receive means that it will take the world a longer time to do away with them. Meanwhile the climate continues to deteriorate permanently.

          1
          • Saustine Lusanzu

            13 w

            Climate financing is what we need

            10
            • Munene Mugambi

              13 w

              @saustine_lusanzu what we require is reducing subsidies to fossil fuels first of all

              1
              • Rashid Kamau

                13 w

                @saustine_lusanzu Climate finance is essential for meeting the challenges of climate change.

                1
              • Abraham Jok Atem

                13 w

                Finances are essential to tackle climate crisis. So this released amount is worth making an impact

                11
                Welcome, let's solve the climate crisis together
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