Buyer beware: a taxonomy of the risks of international carbon credits
As the EU reintegrates international carbon credits into its climate framework, understanding the associated risks is essential. For more than a decade, international carbon credits
Fiscal rules compliance and sovereign borrowing costs: Some evidence from the euro area
Governments with well-designed fiscal rules generally enjoy lower yields but less is known about whether investors price compliance with these rules. Using a panel of
Between values and interests: drivers of EU aid
EU aid is still more poverty-focused than peers, but external policy drivers are growing and reshaping development cooperation after Global Gateway. This paper examines whether
Hungary has room to streamline public spending without hurting growth
Cutting some state operating and economic spending to the average of its regional peers could save Hungary more than four percent of GDP. Hungary’s new
Unlocking the benefits of green water flows for growth and development
At the Global Facility for Transboundary Waters, when we speak with stakeholders about transboundary water management, the conversation almost always centers on the stewardship of what
Introducing the World Bank Land Data Map
From urbanization to agriculture, land systems touch nearly every aspect of development. That’s why the World Bank Group has launched the Land Data Map, a new
The European Union needs more than the digital omnibus to make digital services competitive
European Commission plans to streamline digital rules introduce new inconsistences and fall far short of transformative reform. The European Commission’s digital and artificial intelligence omnibus
US-Japanese knowledge transfer programme in the aftermath of WWII
Following WWII, Japan experienced three decades of rapid productivity growth and convergence with the US. This column studies the Japanese Productivity Program, a joint US-Japanese
Rewiring trade for a warming world: How COP30 can turn climate goals into trade rules
The challenge for policymakers at COP30 is not to reach universal agreement on the exact ‘price’ of carbon, but to build rules that function amid
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
