“Know thyself”
Failure to meet the Paris climate goals poses economic challenges that have an impact on central banks’ work, argues Frank Elderson. To avoid mistakes, policymakers must address the resulting structural changes
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Climate
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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Carbon leakage and 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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Smarter EU industrial policy for solar panels
The EU plans to double solar PV capacity by 2030. Ben McWilliams, Simone Tagliapietra and Cecilia Trasi argue that the EU carry on importing from China but implement an industrial policy that intervenes in sectors that are more likely to contribute to sustainable economic growth
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Mitigating climate policy costs
Davide Furceri, Michael Ganslmeier and Jonathan Ostry argue that climate policies must be calibrated carefully if they are to be accepted by the public and thus not hurt politicians’ electoral chances
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Making industrial policy work
The decarbonisation of the automotive industry is creating a skills shortage. Conor McCaffrey and Niclas Poitiers argue for EU member states to allow the EU to get more involved in skill policies
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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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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
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Answering the call of history
In her State of the Union address, Ursula von der Leyen outlines the main priorities and flagship initiatives for the year to come, building on the EU’s successes and achievements of the past
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