The International Monetary Fund (IMF) has launched a new 'Climate Change Indicators Dashboard', which it describes as an international statistical initiative to address the growing need for data in macroeconomic and financial policy analysis to facilitate climate change mitigation and adaptation.
The Web-based platform brings together experimental climate change indicators that allow comparison across countries.
The indicators are grouped into four categories: economic activity and climate; cross-border; financial, physical and transition risks; and government policy indicators.
The IMF says the four categories broadly reflect four dimensions: production, consumption and final demand, financing, and government policies.
The indicators have been developed in cooperation with several international organisations and those presented on the website are the result of estimates from IMF staff and other publicly available data sources.
Additional indicators, country coverage and granularity are planned to be added over time.
“To develop the right measures to tackle climate change, governments need robust and comparable data. The new IMF dashboard will help fill data gaps, so policymakers can undertake the macroeconomic and financial analysis that underpins effective policies,” IMF MD Kristalina Georgieva said when launching the tool on April 7.