Denmark’s Green Tax Reform: G20 Countries Should Take Notice
Patrick Lenain | 26 August 2022
Blog,
Fiscal | Tags:
Carbon Taxes,
Climate Change,
Denmark,
G20 Despite mounting evidence of climate change, fossil fuels remain the major source of energy around the world. The quantity of fossil fuel consumed globally has tripled since the mid-1960s, with a corresponding rise in carbon emissions. This increase is projected to continue in 2022, reflecting
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Fostering Global Cooperation
Henry Gao | 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
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G7 Countries Must Urgently Phase Out Fossil Fuel Subsidies
Agustin Redonda,
Christian von Haldenwang and
Ronald Steenblik | 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
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Monetary Policy Operations and Biodiversity Loss
Pierre Monnin | 24 March 2022
Monetary,
Policy Briefs | Tags:
Biodiversity Risk,
Central Banks,
Climate Change,
Monetary Policy 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,
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A Guaranteed Win for the Climate: Sustainable Loan Guarantees and Sustainable Loan Guarantee Facilities
Andrew McConnell,
Boyan Yanovski and
Kai Lessmann | 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
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