Economic Times: Any policy framework for multilateral action on climate change would be costly and politically difficult without including large and fast-growing economies such as India, China, Brazil, and Russia, according to the IMF. "That is because during the next 50 years, 70 percent of emissions are projected to come from emerging and developing economies," Simon Johnson, economic counsellor and director of research at the International Monetary Fund (IMF) said here Friday. Emissions …