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Photographer: Bartek Sadowski/Bloomberg
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Finance

Lagarde Says Most Banks Fall Short on Climate Risk

Corrected

Finance ministers from the Group of 20 nations aimed to deliver momentum to the global effort on climate change during a meeting this weekend in Venice, Italy. At a conference on Sunday, key speakers included U.S. Treasury Secretary Janet Yellen and International Monetary Fund Managing Director Kristalina Georgieva.

“A minimum first step on carbon pricing is a regular stocktaking of measures by the G-20 countries to assess progress toward mitigation commitments,” said Kristalina Georgieva, the managing director of the International Monetary Fund.