Trade and the Environment: Focus on the Goals!
Hildegunn Kyvik Nordås | 12 August 2022
Trade,
Blog | Tags:
Environment,
WTO Environmental concerns are moving up the trade policy agenda both in the WTO and regional trade agreements where countries discuss liberalizing trade in environmental goods and services. A first step is to agree on a definition of environmental goods and services. However, discussions have been
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“If Something Cannot Go on Forever, It Will Stop“
William White | 1 April 2021
Fiscal,
Monetary,
Policy Briefs | Tags:
Covid-19,
Debt,
Democracy,
Environment,
Financial Stability,
Health Systems,
Inequality,
International Cooperation,
Resilience “If something cannot go on forever, it will stop.” This famous observation was made by Herb Stein, Senior Fellow at the American Enterprise Institute. It became famous largely because it was just that, obvious. Yet, what is no less obvious is that public policy is
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Trade in Environmental Services: The Quiet Revolution
Hildegunn Kyvik Nordås and
Ronald Steenblik | 29 March 2021
Trade,
Blog | Tags:
Environment,
Services Trade,
Sustainable Development A significant number of WTO members have taken steps to revive the discussions on the role that traded environmental goods and services could play in a green recovery. This is encouraging. While technology offers significant opportunities for a green recovery, more needs to be done
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Green Money Without Inflation
Paul De Grauwe | 7 March 2019
Monetary,
Blog | Tags:
Environment,
European Central Bank,
Inflation,
Quantitative Easing To what extent can the money created by the central bank be used to finance investments in the environment? This is a question that is often asked today. The green activists respond with enthusiasm that the central bank, and in particular the European Central Bank
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Prudential Regulation Can Help in Tackling Climate Change
Paola D'Orazio,
Lilit Popoyan and
Pierre Monnin | 13 February 2019
Monetary,
Blog | Tags:
Environment,
Financial Regulation Awareness of climate-related financial risks has been growing in the past years. Prudential frameworks however still fall short in reflecting them. Given the possible impacts of climate risks on financial stability, incorporating them into prudential regulation is rapidly moving up agendas both among academics and
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Climate Change and Finance: What Role for Central Banks and Financial Regulators?
Emanuele Campiglio,
Yannis Dafermos,
Pierre Monnin,
Josh Ryan-Collins,
Guido Schotten and
Misa Tanaka | 7 September 2018
Monetary,
Blog | Tags:
Central Banks,
Climate Change,
Environment,
Financial Regulation Climate change poses risks to the financial system. Yet our understanding of these risks is still limited. As we explain in a recent paper published in Nature Climate Change, central banks and financial regulators could contribute to the development of methodologies and modelling tools for
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Central Banks and the Transition to a Low-Carbon Economy
Pierre Monnin | 22 March 2018
Monetary,
Discussion Notes | Tags:
Central Banks,
Environment,
Macroprudential Regulation,
Quantitative Easing Climate change is a fundamental challenge for our societies. Containing it will require a profound and radical transformation of our economic system, including a substantial reorientation of investments toward low-carbon technologies. The question to what extent central banks can and should contribute to this effort
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How’s Life?
Alexander Barkawi | 22 January 2018
Fiscal,
Monetary,
Trade,
Publications | Tags:
Environment,
Inequality In November, the OECD published its most recent report on a short but fundamental question: How’s Life? Income is an important, but not the only factor in determining the answer. The OECD reflects this by going beyond the focus on GDP, that has for long
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Tax Expenditures and the Environment: Strengthening the Spotlight
Agustin Redonda | 8 November 2017
Fiscal,
Blog | Tags:
Energy,
Environment,
Fossil Fuel Subsidies,
Tax Expenditures Tax expenditures – government spending through deductions, exemptions, and other benefits granted through the tax code – are significant and have wide ranging environmental implications. A stronger green fiscal policy spotlight on them is critical.
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