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IMF's Lagarde: We're cooked if we fail to urgently address climate change.

  • International Monetary Find (IMF) Managing Director Christine Lagarde listens as World Bank President Jim Yong Kim addresses a forum in Lima, Peru, Wednesday, Oct. 7, 2015, during the annual meetings of the World Bank Group and IMF. Latin America's economy is expected to enter recession this year for the first time since the end of the global financial crisis as China's slowdown drives lower demand for the region's commodities, threatening to undo recent progress in reducing poverty, the International Monetary Fund said Wednesday. (AP Photo/Rodrigo Abd)

    International Monetary Find (IMF) Managing Director Christine Lagarde listens as World Bank President Jim Yong Kim addresses a forum in Lima, Peru, Wednesday, Oct. 7, 2015, during the annual meetings of the World Bank Group and IMF. Latin America's economy is expected to enter recession this year for the first time since the end of the global financial crisis as China's slowdown drives lower demand for the region's commodities, threatening to undo recent progress in reducing poverty, the International Monetary Fund said Wednesday. (AP Photo/Rodrigo Abd)  (The Associated Press)

  • People listen to International Monetary Find (IMF) Managing Director Christine Lagarde and World Bank President Jim Yong Kim speak at a forum in Lima, Peru, Wednesday, Oct. 7, 2015, during the annual meetings of the World Bank Group and IMF. Latin America's economy is expected to enter recession this year for the first time since the end of the global financial crisis as China's slowdown drives lower demand for the region's commodities, threatening to undo recent progress in reducing poverty, the International Monetary Fund said Wednesday. (AP Photo/Rodrigo Abd)

    People listen to International Monetary Find (IMF) Managing Director Christine Lagarde and World Bank President Jim Yong Kim speak at a forum in Lima, Peru, Wednesday, Oct. 7, 2015, during the annual meetings of the World Bank Group and IMF. Latin America's economy is expected to enter recession this year for the first time since the end of the global financial crisis as China's slowdown drives lower demand for the region's commodities, threatening to undo recent progress in reducing poverty, the International Monetary Fund said Wednesday. (AP Photo/Rodrigo Abd)  (The Associated Press)

  • International Monetary Find (IMF) Managing Director Christine Lagarde laughs during a forum in Lima, Peru, Wednesday, Oct. 7, 2015, during the annual meetings of the World Bank Group and IMF. Latin America's economy is expected to enter recession this year for the first time since the end of the global financial crisis as China's slowdown drives lower demand for the region's commodities, threatening to undo recent progress in reducing poverty, the International Monetary Fund said Wednesday. (AP Photo/Rodrigo Abd)

    International Monetary Find (IMF) Managing Director Christine Lagarde laughs during a forum in Lima, Peru, Wednesday, Oct. 7, 2015, during the annual meetings of the World Bank Group and IMF. Latin America's economy is expected to enter recession this year for the first time since the end of the global financial crisis as China's slowdown drives lower demand for the region's commodities, threatening to undo recent progress in reducing poverty, the International Monetary Fund said Wednesday. (AP Photo/Rodrigo Abd)  (The Associated Press)

International Monetary Fund chief Christine Lagarde says failure to take urgent action on global warming will condemn humanity to the same fate as the Peruvian poultry that so many at the group's annual meeting are enjoying this week in a country famed for its cuisine.

Said Lagarde: "If we collectively chicken out of this we'll all turn into chickens and we'll all be fried, grilled, toasted and roasted."

Her comments Wednesday came in a discussion involving World Bank President Jim Kim and U.N. climate talks chief Christiana Figueres.

Lagarde and Kim argued strongly for removing subsidies on fossil fuels that are worth more than $5 trillion a year and on the immediate need for carbon taxes so that the burning of fossil fuels can fund clean energy replacements.