Energizing Peace: Economic Policies for Affordable, Secure and Clean Energy in Ukraine
Anhelina Dombrovska and
Patrick Lenain | 13 June 2024
Fiscal,
Blog | Tags:
Energy,
Fossil Fuel Subsidies,
Renewables,
Ukraine
Ukraine has a vast and diverse renewable energy potential encompassing wind, solar, biomass, hydropower, and geothermal resources. With continued investment and development, Ukraine could significantly increase its renewable energy capacity and reduce its reliance on fossil fuels.
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The Basel Committee’s Revised Core Principles for Effective Banking Supervision: Addressing Climate-Related Financial Risks in ASEAN+3
Julia Bingler and
Aziz Durrani | 5 June 2024
Monetary,
Policy Briefs | Tags:
ASEAN+3,
BCBS,
Climate Risks,
Financial Supervision,
Macroprudential Policy
This policy brief provides a detailed overview of the guidance that the Basel Committee on Banking Supervision (BCBS) has provided to financial institutions and their supervisors, in relation to assessing, quantifying and managing climate risks under Pillars I, II and III of the Basel framework.
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Addressing Climate-Related Financial Risks in ASEAN+3
Julia Bingler and
Aziz Durrani | 5 June 2024
Monetary,
Blog | Tags:
ASEAN+3,
BCBS,
Climate Risks,
Financial Supervision,
Macroprudential Policy
Whilst not all jurisdictions have adopted the Basel III banking supervision regime, the Core Principles target all financial supervisors globally. They serve as “the de facto minimum standard” for the “sound prudential regulation and supervision of banks and banking systems”...
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Monetary Policy and Climate Change – Distinguishing Between a Protective and a Proactive Agenda
Timothy Lane | 4 June 2024
Monetary,
Policy Briefs | Tags:
Central Banks,
Climate Risks,
Governing Finance
Central banks in many economies are striving to take account of climate change in their policies and operations. In this context, the important distinction between a protective agenda versus a proactive agenda is often blurred.
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What Should Bank Supervisors Do About Climate Risks?
Mark E. Levonian | 4 June 2024
Monetary,
Policy Briefs | Tags:
Central Banks,
Climate Risks,
Financial Supervision,
Governing Finance
This paper considers the role of bank supervisory authorities with respect to climate change. The emerging consensus is that financial supervisors and regulators must address climate-related risks to banks and other financial institutions. The paper discusses potentially productive avenues for doing that in the near
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Technical Standards in Services and Trade Governance
Hildegunn Kyvik Nordås | 8 May 2024
Trade,
Blog | Tags:
Artificial Intelligence,
Digital Economy,
International Standards,
Services Trade,
Trade Governance
Standards can potentially resolve the trade-off between regulatory certainty and space for innovation, provided they are recognized and accepted by law enforcement bodies.
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Economic Policies for Affordable, Secure and Clean Energy. Insights from France
Patrick Lenain | 3 May 2024
Fiscal,
Blog | Tags:
Decarbonization,
Energy,
Fossil Fuel Subsidies,
France,
Industrial Policy,
Tax Expenditures
Successive French governments have reformed the country’s energy sector, with notable achievements in maintaining affordable access, ensuring supply security, and reducing carbon emissions. However, the energy crisis triggered by Russia's invasion of Ukraine in 2022-23 has underscored the imperative for a thorough revision of France's
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A Step into the Right Direction: The India-EFTA Trade Agreement
Oliver Braunschweig | 1 May 2024
Trade,
Blog | Tags:
EFTA,
Global Value Chains,
India,
Intellectual Property Rights,
Trade Agreements
The new trade agreement between India and EFTA States includes commitments on an important yet often overlooked form of trade restrictions: local content requirements.
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Governing AI for Humanity: Thoughts on the UN AI Advisory Body Interim Report
Hildegunn Kyvik Nordås | 8 April 2024
Trade,
Blog | Tags:
Artificial Intelligence,
Data Governance,
Innovation
The awesome capabilities of AI applications have raised deep concerns about the future of work, democracy and even humanity itself - and a sense of urgency for establishing effective governance at all levels and use cases.
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