The US Government initiated withdrawal from the Paris Agreement in November 2019, with completion scheduled one year on, for 4 November 2020. This policy brief examines the economic case for the United States to continue its participation in the Paris Agreement on climate change. Read more
This report investigates whether the evidence supports the reasons given by the Trump Administration to justify its decision to withdraw the United States from the 2015 Paris Agreement on climate change, and concludes that the decision is irrational and does not promote the best interests of the American people. Read more
An Anglo-American group of top climate economics and policy experts have urged the world’s second largest emitter of greenhouse gases,... Read more
Bob Ward reviews Bjorn Lomborg’s new book, 'False Alarm', finding the misuse of outdated, concocted and misinterpreted numbers on the costs of climate action and concluding that the book’s central claim that the ‘optimal’ level of global warming by 2100 would be 3.75˚C was completely out-of-date before it was even published. Read more
Brazil ended 2019 with virtually the same level of GDP that it had in 2012 and now the COVID-19 pandemic is likely to exert further downward pressure. Leveraging green finance may be the best way to tap more resources from domestic and foreign institutional investors now that sustainable investment is a growing necessity. In fact, the time is ripe for a green decade, argues Mario Mesquita in this post for the Sustainable Finance Leadership series. Read more
Just as unbridled climate change will do serious damage to the economy and its workers, so too will failure to improve human-capital management and safeguard workers’ wellbeing. That is why both climate action and social protections must be embedded in COVID-19 recovery strategies, argue Naïm Abou-Jaoudé and Nick Robins. Read more
Finance ministers have a unique opportunity to design and implement comprehensive stimulus packages that can drive a strong recovery and build a better future: so argues a new paper prepared at the request of the co-chairs of the Coalition of Finance Ministers for Climate Action and summarised in this commentary. Read more
A new paper published in Nature Climate Change shows that despite appearances to the contrary, the Nobel Prize-winning DICE ‘climate and economy’ model and the UN’s climate targets are in fact pulling in the same direction. Read more
Roberta Pierfederici explains why new climate scenarios are a crucial step forward for informing central banks’ and supervisors’ response to climate risk, but recommends improvements for the methodological framework. Read more
This briefing is designed to provide central banks and financial supervisors with an initial toolbox of options to align their COVID-19 crisis response measures with climate and sustainability objectives and mitigate potential sustainability risks. Read more
