Energy
News
Climate and Capital – Perspectives on the Latest Research & Practice
In this podcast, Raf Hussain (Global Head of Strategic Planning and Stress Testing at HSBC) and Ben Carr (Analytics and Capital Modelling Director at Aviva) discuss an important area of
Italian government considering support for international fossil fuel projects that would emit 3.5 times Italy’s annual emissions, despite major climate promise
Despite pledging to stop international financing for fossil fuel projects by the end of 2022, new analysis by Oil Change International shows that the Italian Government is continuing to actively consider financing
The Role of Green Financial Sector Initiatives in the Low-Carbon Transition: A Theory of Change
Green financial sector initiatives, including financial policies, regulations, and instruments, could play an important role in the low-carbon transition by supporting countries in the implementation of economic policies aimed to
Reports
Sustainable Recovery Tracker (IEA)
The new IEA Sustainable Recovery Tracker measures global recovery plans against this target level of spending by monitoring energy-related policies and government spending on clean energy measures by country and by sector in the wake of the pandemic.
Update on Recent Progress in Reform of Inefficient Fossil-Fuel Subsidies that Encourage Wasteful Consumption 2021 (OECD, IEA)
This report informs on latest trends in 2020 data on support for fossil fuels and offers good practices and lessons learned emerging from country experiences, as reflected in the growing body of G20 peer reviews.
Mapping India’s Energy Subsidies 2021: Time for renewed support to clean energy (IISD, GSI and CEEW)
This report examines how the Government of India has used subsidies to support the various energy sectors in India since announcing its renewable energy target of 175 GW by 2022,
Policy Briefs
Fiscal policies for a low-carbon economy
Research on climate economics finds that green bonds can accelerate a low-carbon transition, may have a positive impact on aggregate output and employment, help to advance renewable energy technology, address better the issue of fair transition, and be a stabilizing force on the financial market compared to conventional, in particular fossil fuel-based, assets.
Carbon taxation and inflation: Evidence from Europe and Canada
Model-based studies on the effect of carbon taxation point to sizeable inflationary effects. This column uses evidence from Canada and Europe over the past three decades to show that carbon taxes changed relative prices but did not increase the overall price level. Instead, they were slightly deflationary. Income compression was most pronounced among the richest households, suggesting that the redistribution scheme achieved its intended aim of favouring low-income households.
Leveraging fiscal stimulus to improve energy transition: Case of South Korea and Indonesia
Strict lockdowns across the globe in response to the COVID-19 crisis have led to severe economic consequences. Compared to 2019, the global GDP in 2020 fell by 4.3 %, the
