Cutting Emissions And Budget Deficits For A Post Pandemic World

Author : Roth, Joachim,Bridle, Richard,Gerasimchuk, Ivetta,Merrill, Laura
Publisher : Nordic Council of Ministers
Page : 51 pages
File Size : 47,9 Mb
Release : 2020-08-03
Category : Science
ISBN : 9789289366328

Get Book

Cutting Emissions and Budget Deficits for a Post-Pandemic World by Roth, Joachim,Bridle, Richard,Gerasimchuk, Ivetta,Merrill, Laura Pdf

Available online: https://norden.diva-portal.org/smash/record.jsf?pid=diva2:1456194 In 2020, the long-term crisis of climate change has been temporarily overshadowed by the COVID-19 emergency, pushing many governments into deep budget deficits. As countries mobilize funds to fight the pandemic and bolster their economies, it cannot be ignored that whatever measures are put in place to recover from the current crisis must not undermine efforts to tackle the longer term threat of climate change. Article 2.1.c of the Paris Agreement on climate change: “making finance flows consistent with a pathway toward low greenhouse gas emissions and climate-resilient development”, applies just as much now as before. This working paper explores how two fiscal tools, fossil fuel subsidies (FFS) and carbon pricing — putting a price on greenhouse gas (GHG) emissions through taxation or carbon markets, influence the signal sent to the market to align economic development with climate constraints. Fossil fuel subsidies act as a negative price on carbon and increase the risk of locking investment in fossil fuels that are incompatible with the low-carbon transition required to meet the Paris Agreement’s objectives. As we document in the report, the current coverage and levels of carbon pricing are also deeply insufficient to meet the goals of the Paris Agreement limiting the increase of the global average temperature to “well below 2°C” while “pursuing efforts to limit the temperature increase to 1.5 degrees C. This Working Paper explores the interplay between FFS reform and carbon pricing at the international and national levels. We note that effective carbon pricing, promoted by the Organisation for Economic Co-operation and Development and the International Monetary Fund, is a valuable tool to send effective carbon mitigation signals to the market. However, without including the impact of fossil fuel subsidies, these analyses present only a partial picture. These findings highlight the importance of increasing implicit and explicit carbon prices and reforming fossil fuel subsidies. In the context of the COVID-19 emergency, it is essential that governments, in a hurry to take action to boost their economies, don’t overlook the need to keep recovery stimulus policies aligned with climate goals.

Author : Leonardo Martinez-Diaz,Jesse M. Keenan
Publisher : U.S. Commodity Futures Trading Commission
Page : 196 pages
File Size : 48,5 Mb
Release : 2020-09-09
Category : Science
ISBN : 9780578748412

Get Book

Managing Climate Risk in the U.S. Financial System by Leonardo Martinez-Diaz,Jesse M. Keenan Pdf

This publication serves as a roadmap for exploring and managing climate risk in the U.S. financial system. It is the first major climate publication by a U.S. financial regulator. The central message is that U.S. financial regulators must recognize that climate change poses serious emerging risks to the U.S. financial system, and they should move urgently and decisively to measure, understand, and address these risks. Achieving this goal calls for strengthening regulators’ capabilities, expertise, and data and tools to better monitor, analyze, and quantify climate risks. It calls for working closely with the private sector to ensure that financial institutions and market participants do the same. And it calls for policy and regulatory choices that are flexible, open-ended, and adaptable to new information about climate change and its risks, based on close and iterative dialogue with the private sector. At the same time, the financial community should not simply be reactive—it should provide solutions. Regulators should recognize that the financial system can itself be a catalyst for investments that accelerate economic resilience and the transition to a net-zero emissions economy. Financial innovations, in the form of new financial products, services, and technologies, can help the U.S. economy better manage climate risk and help channel more capital into technologies essential for the transition. https://doi.org/10.5281/zenodo.5247742

Author : Jaheer Mukthar K.P.
Publisher : Springer Nature
Page : 282 pages
File Size : 50,5 Mb
Release : 2024-06-28
Category : Electronic
ISBN : 9783031480751

Get Book

Business Resilience and Digital Technology in the Post-Pandemic Era by Jaheer Mukthar K.P. Pdf

Author : Organisation for Economic Co-operation and Development
Publisher : Organization for Economic Co-Operation & Development
Page : 0 pages
File Size : 48,6 Mb
Release : 2016-12-05
Category : Business & Economics
ISBN : 9264264949

Get Book

World Energy Outlook 2016 by Organisation for Economic Co-operation and Development Pdf

The latest World Energy Outlook offers the most comprehensive analysis of what this transformation of the energy sector might look like, thanks to its energy projections to 2040. It reviews the key opportunities and challenges ahead for renewable energy, the central pillar of the low- carbon energy transition, as well as the critical role for energy efficiency.

Author : Pilipenko, Olga Ivanovna,Pilipenko, Zoya Andreevna,Pilipenko, Andrey Igorevich
Publisher : IGI Global
Page : 396 pages
File Size : 53,6 Mb
Release : 2021-03-18
Category : Business & Economics
ISBN : 9781799843108

Get Book

Theory of Shocks, COVID-19, and Normative Fundamentals for Policy Responses by Pilipenko, Olga Ivanovna,Pilipenko, Zoya Andreevna,Pilipenko, Andrey Igorevich Pdf

The phenomenon of shocks is often mentioned in relation to economic crises but rarely studied. This gap in research has resulted in shocks being poorly understood, with no fundamental explanation of their inciting conditions. It is a system-forming problem that cannot be investigated without dynamic ideas about the economy, but an incomplete understanding of this event leaves economic systems vulnerable to collapse. Theory of Shocks, COVID-19, and Normative Fundamentals for Policy Responses is an essential publication that explores the factors that cause economic shocks and the mechanisms of their implementation. The book serves as a resource for the development of policy-oriented frameworks for achieving and maintaining national and international strategies to properly manage future global shocks. Featuring coverage of a wide range of topics including dialectics, self-evolvement, and structural relationships, this book is ideally designed for economists, executives, managers, entrepreneurs, academicians, students, and researchers in the areas of finance, macroeconomics, economic theory, and risk assessment.

Author : Harun Ardiansyah,Putty Ekadewi
Publisher : Penerbit BRIN
Page : 338 pages
File Size : 49,9 Mb
Release : 2022-11-25
Category : Science
ISBN : 9786237425878

Get Book

Indonesia Post-Pandemic Outlook: Strategy towards Net-Zero Emissions by 2060 from the Renewables and Carbon-Neutral Energy Perspectives by Harun Ardiansyah,Putty Ekadewi Pdf

COVID-19 has disrupted all aspects of human life. To mitigate the impact of the pandemic, several efforts have been taken, including by Indonesian scholars abroad. This book entitled Indonesia Post-Pandemic Recovery Outlook: Strategy towards Net-Zero Emissions by 2060 from the Renewables and Carbon-Neutral Energy Perspectives explores energy sustainability and climate change issues and how it can progress further. There are also discussion on the delays caused by the COVID-19 pandemic to a few major renewable energy projects that should have been done in 2020-2021. Comprising of 14 chapters, this book is divided into three sections. The first part, Indonesia's Current Position and Strategy for Renewable Energy, explores Indonesia's current position and strategy on New and Renewable Energy. This chapter also explores Indonesia's commitment towards Net-Zero Carbon Emission 2060. Second, Carbon-Free and Renewable Energy in Indonesia, discusses the status of renewable energy use in the world, elaborate on the carbon impact of energy shift from fossil to renewable sources, and introduce a new criterion in renewable energy: carbon-neutral energy. The last part, Indonesia's New Strategy to Achieve Net-Zero Emission in 2060, explores the macroeconomic benefits of renewable and carbon-neutral energy deployment which are increasing energy security, fueling GDP development, creating job opportunities, enhancing human welfare, and achieving gender equality. We hope that this book can be a valuable reference for stakeholders, policymakers, as well as society to recover from the pandemic crisis and find better solutions to benefit future generations.

Author : Stephen Broadberry,Mark Harrison
Publisher : Cambridge University Press
Page : 363 pages
File Size : 46,5 Mb
Release : 2005-09-29
Category : History
ISBN : 9781139448352

Get Book

The Economics of World War I by Stephen Broadberry,Mark Harrison Pdf

This unique volume offers a definitive new history of European economies at war from 1914 to 1918. It studies how European economies mobilised for war, how existing economic institutions stood up under the strain, how economic development influenced outcomes and how wartime experience influenced post-war economic growth. Leading international experts provide the first systematic comparison of economies at war between 1914 and 1918 based on the best available data for Britain, Germany, France, Russia, the USA, Italy, Turkey, Austria-Hungary and the Netherlands. The editors' overview draws some stark lessons about the role of economic development, the importance of markets and the damage done by nationalism and protectionism. A companion volume to the acclaimed The Economics of World War II, this is a major contribution to our understanding of total war.

Author : Aurobindo Ghosh,Amit Haldar,Kalyan Bhaumik
Publisher : Routledge
Page : 184 pages
File Size : 43,7 Mb
Release : 2022-07-04
Category : Business & Economics
ISBN : 9781000598087

Get Book

Managing Complexity and COVID-19 by Aurobindo Ghosh,Amit Haldar,Kalyan Bhaumik Pdf

This book brings together insights and perspectives from leading medical, legal, and business professionals, as well as academics and other members of civil society, on the threats and opportunities to life during the COVID-19 pandemic. It provides a uniquely interdisciplinary perspective for policymakers, researchers, and medical professionals to assess the different practical strategies, and risk and crisis management processes available to them in addressing the very difficult choices with which they are presented and their implications. The book presents a framework for the different facets of strategic choices faced by policymakers between life and livelihood, and the challenges of protecting health versus reopening the economy. It also evaluates the intense challenges faced by frontline medical professionals and scientists during an unfolding catastrophe. Finally, the authors explore the societal and human elements of the pandemic and its impact on family dynamics, society, education, and business, including the technology, creative, entertainment, and leisure industries. This book is deliberately short and captures key insights on the COVID-19 pandemic to form an interdisciplinary overview for professionals, policymakers, and business leaders to consider the long-term implications of the pandemic and lessons for future crises.

Author : Tom Lansford
Publisher : CQ Press
Page : 2257 pages
File Size : 42,7 Mb
Release : 2023-04-25
Category : Political Science
ISBN : 9781071853078

Get Book

Political Handbook of the World 2022-2023 by Tom Lansford Pdf

The Political Handbook of the World 2022-2023 provides timely, thorough, and accurate political information, with more in-depth coverage of current political controversies than any other reference guide. The updated 2022-2023 edition continues to be the most authoritative source for finding complete facts and analysis on each country′s governmental and political makeup. Tom Lansford has compiled in one place more than 200 entries on countries and territories throughout the world, this volume is renowned for its extensive coverage of all major and minor political parties and groups in each political system. It also provides names of key ambassadors and international memberships of each country, plus detailed profiles of more than 30 intergovernmental organizations and UN agencies. And this update will aim to include coverage of current events, issues, crises, and controversies from the course of the last two years.

Author : International Monetary Fund
Publisher : International Monetary Fund
Page : 47 pages
File Size : 49,6 Mb
Release : 2021-03-19
Category : Business & Economics
ISBN : 9781513574462

Get Book

Building Back Better: How Big Are Green Spending Multipliers? by International Monetary Fund Pdf

This paper provides estimates of output multipliers for spending in clean energy and biodiversity conservation, as well as for spending on non-ecofriendly energy and land use activities. Using a new international dataset, we find that every dollar spent on key carbon-neutral or carbon-sink activities can generate more than a dollar’s worth of economic activity. Although not all green and non-ecofriendly expenditures in the dataset are strictly comparable due to data limitations, estimated multipliers associated with spending on renewable and fossil fuel energy investment are comparable, and the former (1.1-1.5) are larger than the latter (0.5-0.6) with over 90 percent probability. These findings survive several robustness checks and lend support to bottom-up analyses arguing that stabilizing climate and reversing biodiversity loss are not at odds with continuing economic advances.

Author : Changyong Rhee,Katsiaryna Svirydzenka
Publisher : International Monetary Fund
Page : 105 pages
File Size : 40,8 Mb
Release : 2021-03-05
Category : Health & Fitness
ISBN : 9781513566597

Get Book

Policy Advice to Asia in the COVID-19 Era by Changyong Rhee,Katsiaryna Svirydzenka Pdf

The Asia-Pacific region was the first to be hit by the COVID-19 pandemic; it put a strain on its people and economies, and policymaking became exceptionally difficult. This departmental paper contains the assessment of the key challenges facing Asia at this critical juncture and policy advice to the region both to address the current challenges and to build the foundations for a more sustainable and inclusive future. The paper focuses on (1) adjusting to the COVID-19 shock, (2) using unconventional policies when policy space is limited, (3) dealing with debt, and (4) helping the vulnerable and greening the recovery. The paper first presents the different ways countries are adjusting to the COVID-19 shock.

Author : International Monetary Fund
Publisher : International Monetary Fund
Page : 27 pages
File Size : 51,6 Mb
Release : 2010-11-01
Category : Business & Economics
ISBN : 9781455209453

Get Book

A Historical Public Debt Database by International Monetary Fund Pdf

This paper describes the compilation of the first truly comprehensive database on gross government debt-to-GDP ratios, covering nearly the entire IMF membership (174 countries) and spanning an exceptionally long time period. The database was constructed by bringing together a number of other datasets and information from original sources. For the most recent years, the data are linked to the IMF World Economic Outlook (WEO) database to facilitate regular updates. The paper discusses the evolution of debt-to-GDP ratios across country groups for several decades, episodes of debt spikes and reversals, and a pattern of negative correlation between debt and growth.

Author : International Monetary Fund. Communications Department
Publisher : International Monetary Fund
Page : 68 pages
File Size : 55,7 Mb
Release : 2021-06-02
Category : Business & Economics
ISBN : 9781513577791

Get Book

Finance and Development, June 2021 by International Monetary Fund. Communications Department Pdf

Amid a multispeed economic recovery—including within countries and across sectors, age groups, genders, and skill levels—this issue explores several cross-cutting themes for emerging markets.

Author : International Monetary Fund. Fiscal Affairs Dept.
Publisher : International Monetary Fund
Page : 109 pages
File Size : 45,5 Mb
Release : 2019-05-02
Category : Business & Economics
ISBN : 9781498310796

Get Book

Fiscal Policies for Paris Climate Strategies—from Principle to Practice by International Monetary Fund. Fiscal Affairs Dept. Pdf

This paper discusses the role of, and provides practical country-level guidance on, fiscal policies for implementing climate strategies using a unique and transparent tool laying out trade-offs among policy options.

Author : Audrea Lim
Publisher : The New Press
Page : 353 pages
File Size : 47,9 Mb
Release : 2021-05-04
Category : Nature
ISBN : 9781620975169

Get Book

The World We Need by Audrea Lim Pdf

The inspiring people and grassroots organizations that are on the front lines of the battle to save the planet As the world's scientists have come together and declared a "climate emergency," the fight to protect our planet's ecological resources and the people that depend on them is more urgent than ever. But the real battles for our future are taking place far from the headlines and international conferences, in mostly forgotten American communities where the brutal realities of industrial pollution and environmental degradation have long been playing out. The World We Need provides a vivid introduction to America's largely unsung grassroots environmental groups—often led by activists of color and the poor—valiantly fighting back in America's so-called sacrifice zones against industries poisoning our skies and waterways and heating our planet. Through original reporting, profiles, artwork, and interviews, we learn how these activist groups, almost always working on shoestring budgets, are devising creative new tactics; building sustainable projects to transform local economies; and organizing people long overlooked by the environmental movement—changing its face along the way. Capturing the riveting stories and hard-won strategies from a broad cross section of pivotal environmental actions—from Standing Rock to Puerto Rico—The World We Need offers a powerful new model for the larger environmental movement, and inspiration for concerned citizens everywhere.