IMF: Climate Change Will Create Jobs
Christine Lagarde, the managing director of the International Monetary Fund, had Barack Obama’s back regarding climate change. On Thursday, two days after Obama gave a major address giving his approach to the global climate, Lagarde said:
Climate change will create jobs. It will create disasters before it creates jobs, but it will create jobs. It is a major issue, particularly at a time when robotization is developing in many of these advanced economies. But you know there will be areas of growth. You talk about green growth — that will be associated with particular jobs for which the training has not yet been invented and needs to be aggregated and put together.
Senate Minority Leader Mitch McConnell (R-Ky.) had stated on Tuesday that Obama’s intended restrictions were “tantamount to kicking the ladder out from beneath the feet of many Americans struggling in today’s economy.”
But White House climate aide Heather Zichal fired back on Wednesday that new restrictions would not hurt the economy, saying, “[T]he numbers speak for themselves: between 1970 and 2011, aggregate emissions of common air pollutants dropped 68 percent, while the U.S. gross domestic product grew 212 percent. Private sector jobs increased by 88 percent during the same period.”