Tag: Climate Change

Fostering Global Cooperation

| 10 June 2022
Blog, Trade | Tags: Climate Change, Digital Governance, Trade Governance, WTO
As the world enters 2022, the global trading system seems to be stuck in a deep crisis: the trade war between the US and China continues into another year with most of the additional tariffs staying in place and the only things missing are the ... continue reading

G7 Countries Must Urgently Phase Out Fossil Fuel Subsidies

, and | 8 April 2022
Fiscal, Policy Briefs | Tags: Climate Change, Fossil Fuel Subsidies
The world’s governments have pledged to fight climate change, yet many still subsidize fossil fuels, the combustion of which increases GHG emissions. Phasing out these subsidies is thus vital to combating climate change. What this Policy Brief proposes is that G7 Governments reaffirm their commitment ... continue reading

Monetary Policy Operations and Biodiversity Loss

| 24 March 2022
Monetary, Policy Briefs | Tags: Biodiversity Risk, Central Banks, Climate Change
“Biodiversity is declining at unprecedented rates in human history, with growing evidence that this could have significant economic and financial implications”. In this regard, biodiversity loss is very similar to climate change: both entail physical risks that could translate into substantial economic and financial losses, ... continue reading

A Guaranteed Win for the Climate: Sustainable Loan Guarantees and Sustainable Loan Guarantee Facilities

, and | 8 February 2022
Blog, Monetary | Tags: Central Banks, Climate Change, Targeted Refinancing Lines
In order to limit global warming to the levels set in the Paris agreement, an immense amount of additional investment has to be directed into sustainable technologies – a difference of between $610 billion (IEA 2020) and $2 trillion (IRENA 2020) per year as compared ... continue reading

For PBOC’s New Green Lending Tool, Transparency and Verification Are Key

| 10 December 2021
Blog, Monetary | Tags: Central Banks, China, Climate Change, Targeted Refinancing Lines
Global efforts to expedite the transition to a sustainable future require a significant shift in financial flows. The institutions governing finance play a vital role in achieving this objective. Central banks stand at the heart of this endeavor and are increasingly rising to the challenge. ... continue reading