In climate change matters the International Monetary Fund works closely with UN agencies and the World Bank. The IMF focuses on providing advice to member countries where climate change can have a significant impact on economic and financial stability.It also aims to promote understanding of the difficult issues of fiscal policy cooperation and design likely to arise in negotiating a successor to the Kyoto Protocol.
The Spring 2008 World Economic Outlook on climate change and the global economy sets out the macroeconomic challenges posed by climate change and policies to address the problem. It emphasizes that policies to mitigate climate change can have potentially rapid and wide ranging economic consequences on an international level. Putting a price on emissions of greenhouse gases would affect countries' economic growth, saving and investment levels, capital flows and exchange rates.