Lagarde disagreed. It was crucial to assess the risk that climate change poses to financial markets and the economy, she said, so it can be “anticipated, measured” and “hopefully mitigated.”
Mnuchin rushed to respond. “Christine, I think you can have a lot of people look at this and model it,” he said. “I just don’t want to kid ourselves. I think there’s no way we can possibly model what these risks are over the next 30 years with a level of certainty.”
The exchange highlighted the continuing divide between the United States and Europe over the climate crisis despite powerful calls for radical action from Prince Charles, among others.
“Of course those demands have been completely ignored, but we expected nothing less,” she said at a press conference with four other youth activists. “As long as the situation is not being treated as a crisis, then world and business leaders can of course continue to ignore the situation.”
Fellow activist Louis Neubauer said the group planned to track the promises made by speakers and hold them to account.
“Here at the WEF we see and hear a lot of nice words and a lot of big speeches, and we expect throughout the next days and weeks and months every single one of those to be turned into action,” Neubauer said.
Following their press conference, Thunberg and her fellow activists marched in protest down one of the alpine town’s main streets. It was just one sign of the pressure building on business and government leaders to produce tangible results.
“It is key that we do something now,” said German finance minister Olaf Scholz, who also participated in the panel with Mnuchin and Lagarde. “Waiting for the others is a possibly very dangerous strategy.”
Read More: https://www.kbcchannel.tv | For More World News | Visit Our Facebook & Twitter @kbcchanneltv | Making The Invisible, Visible