The mortality costs of climate change
Mortality is one of the most salient consequences of climate change. Existing estimates have largely focused on the direct effects of local heat exposure. This
Why downturns can make innovation greener
Green innovation is central for the transition to a low-carbon economy, but there are concerns that economic downturns may slow technological progress by reducing firms’
Heat, air pollution, and global temperature shocks
Developing countries face a host of environmental challenges, but two of the most significant are air pollution and climate change. Wealthy countries face both as
Corporate net zero targets: Neither greenwashing nor a gamechanger
Net zero commitments have become a central feature of corporate climate strategy. This column analyses whether firms adopting such targets subsequently reduce emissions or strengthen
Europe’s public finances in a warming world
Climate change is increasingly shaping macro-fiscal outlooks. Extreme weather events, chronic damages from global warming, and decarbonisation efforts all have growing implications for public finances
Energy transition achievable in emerging markets
Climate finance as a percentage of GDP will likely be the largest in South Africa, at 0.25 per cent, followed by India (0.13 per cent)
The unbearable lightness of the sovereign greenium
Since 2016, many governments have issued ‘green’ debt instruments to support the transition to a low-carbon economy. This column shows that a yield discount on
Certification schemes may break the link between natural resources and violent conflict
Natural resources, including alluvial minerals such as diamonds, have been at the centre of brutal wars in Africa. This column evaluates one of the first
Navigating the 2022 inflation surge: Lessons for monetary policy frameworks
The 2022 global inflation surge tested inflation-targeting frameworks under severe supply shocks. This column shows that, despite earlier and sharper tightening, inflation targeting central banks
Climate change mitigation pathway: The 24-hour economy
It is increasingly perceived as an integrated sustainability solution for transforming how global cities function. As the sun soars and global cities set record temperatures,
