IMF working on $100bn 'green fund' - Strauss-Kahn

He noted that climate change could "well be the shock to end all shocks", with the amount of resources needed to mitigate climate change having clear macroeconomic implications.

"It will hit low-income countries soonest and hardest. Africa has contributed little to the carbon emissions that endanger our planet, but Africa is already paying the price. Without action, Africa will suffer more from drought, flooding, food shortages, and disease-possibly provoking further instability and conflict. We must take urgent action," he stated.