The trade and industrial nexus
The climate crisis is a global emergency. Trade policy has long been a driver of an unfettered economic globalisation and Isabelle Brachet argues for a new approach
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Climate
Keeping the Green Deal on track
There is no green transition without green investment. Jean Pisani-Ferry and Simone Tagliapietra assess the investment needed to achieve the 2030 climate goal and climate neutrality by 2050
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Financing Europe’s grand ambitions
The EU has large investment needs to meet its key priorities. Kalin Anev Janse and Roel Beetsma argue that a first step would be to use existing resources to finance European public goods that benefit all member states
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Net zero and financial stability
Dirk Schoenmaker and Hesse McKechnie argue that central banks should take a macro approach to managing system-wide risks stemming from the climate transition to net zero
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Understanding the economic losses from climate change
Recent research suggests that the impact of climate change on economic output might have been underestimated. Senne Aerts, Livio Stracca and Agnieszka Trzcinska highlight advances in understanding and measuring the economic impact of climate change and the remaining uncertainties
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Sustainable finance: from ‘eureka!’ to action
Climate and nature-related risks are significant financial risks. Frank Elderson argues that they therefore fall within the respective mandates of central banks and supervisors – to preserve price stability and ensure the safety and soundness of banks
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Measuring economic losses caused by climate change
Extreme weather events are bringing devastating consequences for an increasing number of people. Senne Aerts, Livio Stracca and Agnieszka Trzcinska highlight the uncertainties and the importance of continued dialogue to refine our understanding of climate-induced economic losses
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Assessing degrowth
Many have postulated degrowth as a strategy to confront environmental and social problems. Ivan Savin and Jeroen van den Bergh review the content, data, and methods and conclude that most studies are opinions rather than analysis
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Connecting the dots on hydrogen trade
The clean energy transition is advancing. Jorgo Chatzimarkakis explores the roadmaps and challenges to boosting hydrogen’s role for decarbonisation
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The Global South and the circular economy
Debt relief is needed to promote circular economy initiatives in the Global South. Megan Murdie, Ana Birliga Sutherland and Marvin Nusseck discuss how debt relief can be transformative
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