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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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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The green transition faces significant challenges. Luca Bettarelli, Davide Furceri and Pietro Pizzuto examine the impact on innovation due to economic and policy uncertainty
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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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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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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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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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The clean energy transition is advancing. Jorgo Chatzimarkakis explores the roadmaps and challenges to boosting hydrogen’s role for decarbonisation
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Meeting Europe’s 2030 climate targets will require massive clean-electricity investment. Conall Heussaff and Georg Zachmann discuss the balance between efficient electricity system operation, investment incentives and social fairness
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Europe now faces a clear choice. Ursula von der Leyen presents her Political Guidelines for the next European Commission 2024-2029 to the European Parliament
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