From linear to circular
The global economy is at a critical inflexion point. Ana Birliga Sutherland and Megan Murdie provide a guide for high-impact businesses to transform their material footprint and sustainably reform
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Climate
Non-trade objectives in trade agreements
Trade agreements increasingly include a focus on sustainability goals. Joseph Francois, Bernard Hoekman, Miriam Manchin and Filippo Santi examine the impact of environmental, labour, and civil rights provisions in trade agreements on related outcomes in developing countries
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The rising tide of climate action
Climate change is affecting weather and climate extremes in every region across the globe. Caspar Siegert and James Talbot review some prominent examples of central banks having adjusted their monetary policy operations to account for climate factors
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How to improve the EUs sustainable finance framework
The EU is nudging corporate behaviour to adopt rules on sustainability. Silvia Merler discusses five adjustments would make the EU sustainable finance framework more effective at delivering the desired alignment of incentives
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Understanding the impact of the green transition
Governments across the world are implementing policies to transition their economies to net zero. Solveig Erlandsen Sui-Jade Ho, Danae Kyriakopoulou, Arjun Mahalingam and James Talbot introduce a framework to assist central banks to understand the macroeconomic effects of the green transition
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Financial impacts of climate change
Climate change is intensifying, generating more frequent and severe extreme weather events. Lukasz Krebel, Danae Kyriakopoulou and James Talbot examine the implications of severe weather events for the economy and monetary policy
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Climate Minsky moments
Climate policies could affect financial stability if they lead to large changes in asset returns. Matthias Kaldorf and Matthias Rottner study the financial stability and welfare effects of such ‘climate Minsky moments’
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Accelerating climate investment
Europe faces a large climate investment gap. Irene Monasterolo, Antonia Pacelli, Marco Pagano and Carmine Russo propose filling this gap through the joint issuance of European climate bonds that would be funded by selling GHG emission allowances via the ETS extended to all sectors
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Aligning food taxation with climate goals
Agriculture contributes significantly to greenhouse gas emissions. Mattia Ricci, Ignacio Pérez Domínguez, Stijn Van Houtven, Jordan Hristov and Toon Vandyck examine how to tax agriculture as a path to greening consumption in Europe
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A new way to price carbon
The social cost of carbon has been a critical component in shaping climate policy. Christoph Hambel, Ton van den Bremer and Frederick Van Der Ploeg propose a new way to price carbon
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