Central banks can potentially influence the investment decisions of private financial institutions, which in turn will create incentives towards green technology adoption and development of lower emission business models. This
Featured Article: What are the fiscal risks from extreme weather events and how can we deal with them? By Luis Alejos Focus region: Latin America and the Caribbean Latin America
Current approaches to environmental stewardship are demonstrably failing given the existential threats of climate change and biodiversity loss. Many factors contribute to global environmental degradation, but one that has received relatively little attention is the lack of government transparency and accountability for environmental stewardship compared to other policy domains, and the systematically weak integration of environmental stewardship into overall government strategy and target setting.
The response to COVID-19 has not been commensurate with the magnitude of the climate crisis. Besides green investment, which fiscal instruments can engender a process of structural change leading to a more sustainable growth model?
As developing countries attempt to plan for a post-pandemic recovery, they should be given a genuine opportunity to deal with their debt burden and in tandem tackle the challenge of climate and nature that threaten to derail their economies.
Implementing border carbon adjustments can be a challenge when the countries involved don’t have a carbon price. Recent RFF research considers how to design border carbon adjustments around local variations in carbon pricing policy.
This piece, based on an INSPIRE-funded research project, examines whether a combination of green quantitative easing (a monetary policy) and a global carbon tax (a fiscal policy) can effectively contribute to climate mitigation.
Fossil fuel subsidy reform is a smart tool to fight climate change because it helps reduce substantial amounts of emissions while not costing governments them anything, and it can support sustainable growth by investing subsidy savings.
Continuation of the current, at best incremental, policies to tackle these global environmental and social crises, will no longer be sufficient. Instead we need an ambitious and integrated strategy to tackle them jointly.
A groundbreaking pilot project undertaken by UNEP and UNCTAD shows how machine learning models can predict the environmental impacts of development spending. This data-driven approach can guide scarce public finance flows with sustainability and national development goals in mind.
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