Category: Climate
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Climate finance at scale: the economic imperative for global action
Two new policy briefs make the economic case for ambitious climate finance goals at COP29, arguing that providing substantial funding to developing countries is in the self-interest of developed nations.
Carbon taxes and financial frictions: assessing climate policy impacts across borders
New research explores how climate policies like carbon taxes implemented in one country can have far-reaching economic effects globally. The studies reveal complex international spillovers, including shifts in trade dynamics, inflation, and carbon leakage.
The clean energy paradox: Economic promise meets geopolitical hurdles
A new paper analyzes the substantial economic benefits of transitioning to clean energy in the United States. However, rising political and geopolitical tensions pose significant obstacles to the widespread adoption of clean energy.
Climate action and poverty reduction: challenges and opportunities
Two critical perspectives on the complex relationship between climate change mitigation and poverty reduction highlighting the need for integrated strategies.
How do banks adjust after a natural disaster?
Two recent papers on the impact of local banking concentration and bank competition on credit allocation and economic recovery following natural disasters in the U.S.
Banks, regulation, and climate
Recent research on how the ECB’s climate-risk-related supervisory efforts have impacted banks’ climate risk exposure and risk management. Is there still need for macroprudential regulation?
The economic impact of global temperature shocks
New research highlights why previous estimates of the impact of temperature increases on global GDP are vastly underestimated.
The politicization of climate change
Do natural disasters lead to a convergence in climate change beliefs and an increase in green investments? Is the aftermath of a natural disaster the right time to build consensus on climate action?
The U.S. climate policy
New research on the importance of incorporating a modest carbon fee in climate policies starting in 2025. What are the challenges in implementing climate policies in the U.S.
Green spending and fiscal sustainability
Suggestions on how to reconcile green spending with debt sustainability in advanced economies.