The International Monetary Fund (IMF) has launched an indicators dashboard to address the growing need for data in macroeconomic and financial policy analysis to facilitate climate change mitigation and adaptation. The statistical platform brings together international climate change indicators and allows comparison across countries.
The indicators have been developed in cooperation with international organizations and other agencies including the Organization for Economic Co-operation and Development, the World Bank Group, the United Nations, the European Commission, the European Statistical Office, the Food and Agriculture Organization, the International Energy Agency and the National Oceanic and Atmospheric Administration.
The indicators are the result of estimates from IMF staff and other publicly available data sources. The selection and development of the experimental indicators are driven by the IMF member countries’ need for surveillance, monitoring, policy making, and research. The dashboard covers greenhouse gas emissions from economic activity, trade in environmental goods, green finance, government policies, and physical and transition risks.
IMF Managing Director Kristalina Georgieva says: “To develop the right measures to tackle climate change, governments need robust and comparable data. The new IMF dashboard will help fill data gaps, so policymakers can undertake the macroeconomic and financial analysis that underpins effective policies.”
The indicators are grouped into four categories: economic activity and climate; cross-border; financial, physical and transition risks; and government policy. The four categories broadly reflect four dimensions: production, consumption and final demand, financing, and government policies. Additional indicators, country coverage and granularity are planned to be added over time.