Acceptance Speech by Kristalina Georgieva, IMF Managing Director, Venice, Italy President Mattarella, Governor Visco, Mayor Brugnaro; Professors Lippiello and La Malfa; Commissioner Gentiloni; all of you who have come here today: I am deeply grateful for your presence and for the honor of being the first recipient of the Ugo la Malfa Prize for International Cooperation from the Università Ca Foscari Venezia, the Enciclopedia Treccani, and the Fondazione Ugo La Malfa. I will cherish it and will work hard to serve our family of...

Read more

The Council has today adopted a regulation on establishing a framework of measures for strengthening Europe's net-zero technology manufacturing ecosystem, better known as the 'net-zero industry act'. This is the last step in the decision-making process. The regulation aims to boost the industrial deployment of net-zero technologies that are needed to achieve the EU's climate goals, using the strength of the single market to reinforce Europe’s position as a leader in industrial green technologies. "The net-zero industry act is one of the...

Read more

Developed countries provided and mobilised USD 115.9 billion in climate finance for developing countries in 2022, exceeding the annual 100 billion goal for the first time and reaching a level that had not been expected before 2025. According to new figures from the OECD, in 2022 climate finance was up by 30% from 2021, or by USD 26.3 billion. This is the biggest year-on-year increase to date and means that the 100 billion mark was reached a year earlier than...

Read more

Meeting the continent’s emission reduction targets could enhance energy security metrics by 8 percent by 2030—and that would be just the start Blog post by Geoffroy Dolphin, Romain Duval, Galen Sher, Hugo Rojas-Romagosa | Russia’s invasion of Ukraine triggered Europe’s worst energy crisis since the 1970s and put energy security back at the top of the policy agenda. Policymakers reacted swiftly by securing alternative natural gas supplies, improving energy efficiency, and expanding renewables. Reducing greenhouse gas emissions would, they said, not only mitigate climate...

Read more