Why Countries Must Cooperate on Carbon Prices
An international floor price for carbon could speed the world’s transition to green energy without compromising countries’ competitiveness.
Soaring Metal Prices May Delay Energy Transition
Clean energy needs may cause years of high prices for copper, nickel, cobalt, and lithium under a net-zero emissions scenario.
Not Yet on Track: Climate Threat Demands More Ambitious Global Action
New IMF analysis shows gaps in ambition and policy needed to achieve emissions curbs that contain global warming.
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net zero emissions by 2050, meaning that any additional carbon emissions will be offset completely by carbon emissions withdrawn from the atmosphere.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. […]
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. […]
What is Really New in Fintech
By Arnoud Boot, Peter Hoffmann, Luc Laeven, Lev Ratnovski
The financial industry is undergoing rapid technological change. Traditional banks face competition from online start-ups with no physical branches. Social media and other digital platforms are expanding into payments and credit. […]