TOKYO -- Providing data and disclosures are vital first steps for Asia to manage risks associated with climate change, which could be devastating both physically and economically, an International Monetary Fund official told Nikkei in an interview.
"Today it is just so evident that [climate change] is a tremendous risk to our planet and to our economies," said Tobias Adrian, the financial counselor and director of the IMF's Monetary and Capital Markets Department. "The IMF was created to make sure that the global financial system [and] the global monetary system work ... and a climate catastrophe would surely undermine those objectives."
