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A Safety Net for the Green Economy

Fit for 55 marks Europe’s climate moment of truth With Fit for 55, Europe is the global first mover in turning a long-term net-zero goal into real-world policies, marking the entry of climate policy into the daily life of all citizens and businesses. By: Simone Tagliapietra Topic: Energy & Climate, European Macroeconomics & Governance Date: July 14, 2021

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Are robots taking our jobs?

What will be the impact of automation on the economy? Bruegel's own Giuseppe Porcaro discusses with Aaron Benanav, Laura Nurski, and Alexis Moraitis.  In the future, what forces will cause the economy to grow and stagnate? What impact will AI and automation have on the economy? Is capitalism a sustainable economic model? Today on The Sound of Economics, we’re asking the big questions. In order to find answers, our own Giuseppe Porcaro hosts Aaron Benanav, recent author of Automation and the...

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Increasing the global supply of essential medical supplies: Time for Europe to step up its global leadership

Europe has already made a significant financial contribution to beating the pandemic, now it has the oppurtunity and moral responsibility to do more. The COVID-19 pandemic is nowhere near its end at a global level. What is worse, new pandemics are likely to endanger global health in the coming decades, with severe consequences for livelihoods and economic activity. Preventing pandemics is a global public good like climate change mitigation: the world needs to act collectively to avoid...

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The European Union’s carbon border mechanism and the WTO

To avoid any backlash, the European Union should work with other World Trade Organisation members to define basic principles of carbon border adjustment mechanisms. According to the World Bank’s Carbon Pricing Dashboard, as of April 2021, 45 countries had in place national or supra-national carbon pricing schemes, in the form of either an emission trading system (ETS) or a carbon tax. Although existing schemes still only cover 18.8% of global greenhouse gas emissions, the international...

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Making sure green household investment pays off

Policies are needed to support green fuel switching by households; support should be phased out as the carbon price rises. The first stage of decarbonisation in Europe was characterised by incremental improvements in energy efficiency and by replacing fossil fuels in electricity generation. To meet the EU’s ambitious 2030 targets, which will involve a reduction in annual greenhouse-gas emissions from about 3,600 million tonnes (2015 figure) to 2,100 million tonnes, it is now essential for...

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A fitting plan for the European Green Deal?

Ensuring competitiveness of low-carbon investments At this event, speakers will introduce the core idea of commercialisation contracts, and then discuss key design elements. This includes whether contracts should be issued at the EU or national level, how competition for contracts should be organised, and which industries should be eligible for support. Speakers: Natalia Fabra, Peter Handley, Ben McWilliams and Georg Zachmann Topic: Energy & Climate, European Macroeconomics &...

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Building the Road to Greener Pastures

How the G20 can support the recovery with sustainable local infrastructure investment. We owe our gratitude to Suman Bery, Nicola Bilotta, Maria Demertzis, Alberto Franco Pozzolo, Simone Tagliapietra, Guntram Wolff, and Georg Zachmann for their input and comments, as well as Alma Kurtovic for her excellent management of this project. We would also like to thank the Italian Ministry of Finance and Economics and the members of the G20 Infrastructure Working Group for their valuable feedback...

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‘Fit-for-55’ package: Squaring the circle

The European Union finds itself at the centre of a three-dimensional puzzle. Burdens need to be shared between 450 million citizens, 25 million businesses and EU countries in a way that is acceptable to enough of them. Read the piece published by Euractiv. Republishing and referencing Bruegel considers itself a public good and takes no institutional standpoint. Due to copyright agreements we ask that you kindly email request to republish opinions that have appeared in print to...

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A new direction for the European Union’s half-hearted semiconductor strategy

The EU needs a more targeted strategy to increase its presence in this strategic and thriving sector, building on its existing strengths, while accommodating its relatively low domestic needs. The authors thank Sybrand Brekelmans, Viktor Krozer, Guntram Wolff and Georg Zachmann for their comments. A basic component in electronic devices, semiconductors are essential to the production of many products, from smartphones to cars. Securing reliable supplies of semiconductors to safeguard the...

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