The Climate Issue
By Gita Bhatt
In Ernest Hemingway’s novel The Sun Also Rises, a character is asked how he went bankrupt. “Two ways,” he answers. “Gradually, then suddenly.” […]
Managing the Political Economy of Climate Change Policies
By Davide Furceri, Michael Ganslmeier, and Jonathan D. Ostry
Few issues have sparked more attention than how to avoid environmental and human catastrophe from climate change. […]
Reaching Net Zero Emissions
By Florence Jaumotte and Gregor Schwerhoff
عربي, 中文, Español, Français, 日本語, Português, Русский
Climate action is gaining momentum. Since the 2015 Paris Agreement, countries have intensified climate action and many have committed to reach net zero emissions by 2050, meaning that any additional carbon emissions will be offset completely by carbon emissions withdrawn from the atmosphere. […]
What COVID-19 Can Teach Us About Mitigating Climate Change
By Oya Celasun, Florence Jaumotte, and Antonio Spilimbergo
While the COVID-19 pandemic continues to ravage the world, climate change—a crisis that can cause even greater destruction—looms. […]
How Strengthening Standards for Data and Disclosure Can Make for a Greener Future
By Caio Ferreira, Fabio Natalucci, Ranjit Singh, and Felix Suntheim
Imagine you plan to invest your savings and are looking for a firm or sector with a sustainable business model or a project that can make a real difference in the transition to a low-carbon economy. […]
Asia-Pacific, the Gigantic Domino of Climate Change
By Vitor Gaspar and Chang Yong Rhee
Forget the poetic flap of a butterfly’s wings in Beijing causing rain in Central Park. Climate issues in Asia-Pacific are measured in superlatives. The world’s biggest population. Two of the three largest carbon dioxide-emitting countries and the largest share of emissions globally. […]
CHART OF THE WEEKBlowing Hot and Cold
By Jiaxiong Yao
When it’s cold we reach for the heater, and when it’s hot we turn on the air conditioning. A warming globe could reduce the need for heating in cold seasons and increase the demand for cooling when it’s hot. […]
A New Vision for the US Climate Agenda
By Ian Parry
عربي, 中文, Español, Français, 日本語, Português, Русский
Over the next decade, global greenhouse gas emissions need to be cut by 25– 50 percent to be on track for meeting the 2015 Paris Agreement goal of containing global warming to 1.5–2°C.The United States intends to do its part. Its climate plan pledges US carbon neutrality by 2050, with a 2030 emissions target to be announced shortly.
Why Climate Change Vulnerability Is Bad for Sovereign Credit Ratings
By Serhan Cevik and João Tovar Jalles
عربي, 中文, Español, Français, 日本語, Português, Русский
Climate change has made the world a riskier place.
The destruction wrought by heatwaves, droughts, hurricanes, and coastal flooding doesn’t stop with the toll on human lives and livelihoods—it can also have deep consequences for a country’s finances. […]
Data PointsDenmark’s Ambitious Green Vision
By Nicoletta Batini and Miguel Segoviano
Denmark aspires to become one of the most climate-friendly countries in the world. In June, its Parliament overwhelmingly passed a new climate law that aims to reduce greenhouse gas emissions by 70 percent below 1990 levels by 2030, with net zero emissions targeted for 2050. […]