In his opening remarks, Tao Zhang, IMF Deputy Managing Director, elaborates on important steps to ensure a green recovery from the COVID-19 pandemic, including sustainable finance and carbon pricing. To
Economists seem to agree that the coronavirus (Covid-19) crisis calls for different kinds of macroeconomic responses relative to past recessions, including fiscal measures. This ODI article lists the most important publications
“A recovery from the coronavirus crisis must not take us just back to where we were last summer. It is an opportunity to build more sustainable and inclusive economies and
Fiscal policies have provided large emergency lifelines to people and firms during the COVID-19 pandemic. They are also invaluable to increase a country’s readiness to respond to a crisis and
If economists ruled the world, carbon prices would drive most of the action on climate change. Polluters would pay for the negative externality their emissions inflict on the planet. There
The COVID-19 recovery is a chance to foster a truly sustainable ocean economy. To that end, the world must work together to end harmful subisidies that encourage overfishing and exploitation.
How financially sustainable is an industry if it is distorted by $5 trillion in annual subsidies? That’s the challenge laid out by United Nations Secretary General Antonio Guterres, who is
This article examines the possibilities to end fossil-fuel subsidies as global oil prices have decreased substantially. To read the full article, refer to the Electrek website.
Many developing countries have long maintained fuel subsidies because they are politically impossible to abandon, owing to the sticker shock that the public encounters at the pump as soon as
This brief argues that once the immediate rescue has been secured and countries move towards recovery from COVID-19, carefully implementing carbon pricing while reducing fossil fuel subsidies should be at
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