International Monetary Fund spokesman Gerry Rice told Reuters that the fund did not comment on leaks of draft documents. But he said the Jan. 28 statement issued by staff after an Article IV surveillance mission to Japan did include “robust analysis on the issue of climate change.”
Reuters reported Wednesday that the Jan. 28 concluding statement omitted a sentence included in an earlier draft, which said global efforts on climate policy would benefit if Japan ended exceptions from its pledge to end financing of new unabated coal projects.
The IMF initially declined to comment, but offered a longer statement on the Article IV surveillance process on Thursday.
Climate activists said deletion of the passage on coal from the staff’s concluding statement was disappointing coming so soon after the IMF board agreed to focus more on climate change in its surveillance of countries’ economies.
The report did include a section entitled “Shifting to a Low-carbon Economy” that made no mention of coal but said meeting carbon emissions reduction goals would be especially challenging for Japan given its heavy reliance on fossil fuels for energy since a 2011 earthquake and tsunami.
Rice also noted that decisions on concluding statements were made by the staff country team. Management and the board were only involved in the next phase of the Article IV surveillance process, which leads to publication of a more detailed staff report.
Source: Economy - investing.com
