An assessment of IRA climate measures
Simon Voigts and Anne-Charlotte Paret assess emissions reduction, fiscal costs and the macro effects of the Inflation Reduction Act
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CLIMATE CHANGE
Explore commentary on climate and energy policy and the financial policies required in the transition to a green economy
Carbon leakage: an additional argument for international cooperation
Climate change is a collective action problem that requires substantial international cooperation. Christofer Schroeder and Livio Stracca present new evidence that carbon taxes are undermined by ‘leakage’
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Accelerating strategic investment in the EU beyond 2026
The EU has to manage the climate and digital transitions and achieve greater economic resilience. Maria Demertzis, David Pinkus and Nina Ruer discuss the potential EU approach to funding strategic objectives
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Europe’s under-the-radar industrial policy: intervention in electricity pricing
Ben McWilliams, Giovanni Sgaravatti, Simone Tagliapietra and Georg Zachmann outline the trade-offs European governments must confront to meet the challenge of decarbonising their countries’ economies
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What is a just transition and how does it affect the financial sector?
The move to a net zero future entails profound changes for societies and economies. Ivana Popovic, Alexandre Köberle and Michael Wilkins discuss a just transition with a particular focus on the financial sector
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Central banks and supervisors step up climate action
Climate change will have a significant impact on our economies and financial systems. Ravi Menon discusses the NGFS’ efforts to support a successful transition towards net zero
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Preserving a ‘Stabilitätskultur’ objective
Monetary policy in the climate and nature crises. Frank Elderson considers more frequent climate and nature events and their greater impact on the economy
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The struggle to cut emissions from international aviation and shipping
Giovanni Sgaravatti writes that there are three possible policy pathways that could lead to improvement and systemic change in the aviation and maritime sectors
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Looking at the opportunities – on the way to a sustainable economy
Sabine Mauderer argues that reducing uncertainty about climate change will help us to embrace the opportunities of the green transition
Looking at the opportunities – on the way to a sustainable economy Read More »
The manufacturing jobs boom that isn’t
Niclas Poitiers argues that the US Inflation Reduction Act shows that massive subsidies are not leading to massive manufacturing job creation
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