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Tag Archives: climate change

Global Economic Resilience: Building Forward Better

A roadmap for systemic economic reform calling for step-change in global economic governance to increase resilience and build forward better from economic shocks, prepared for the G7 Advisory Panel on Economic Resilience. This report summarises the work of the Independent G7 Economic Resilience Panel in 2021, and its final policy recommendations, based on engagement and research throughout the year. The Panel, chaired by Lord Mark Sedwill, has produced an agenda for economic resilience, the...

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The only quick-fix to Europe’s energy price crisis is saving energy

The only thing Europe can quickly do to prevent a potentially difficult winter is to actively promote energy conservation in both the residential and industrial sectors. This piece was originally published in Euractiv. Faced with spiralling energy prices, European governments are trying to shield vulnerable households and small businesses with tax cuts, price caps or rebates. These temporary government interventions are designed to protect the most vulnerable households from the energy...

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Will China use climate change as a bargaining chip?

Beijing shows signs of changing tactics ahead of COP26 conference. Read the full article published in English in Nikkei Asia and in Spanish in El Economista. 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 [email protected].

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Letter: The lesson Europe should learn from the gas crisis

The Sound of Economics Live: Unboxing the State of the Union 2021 In this Sound of Economics Live episode, we look at the State of the Union address delivered by Ursula von der Leyen, President of the European Commission. Speakers: Grégory Claeys, Maria Demertzis, Alicia García-Herrero and Giuseppe Porcaro Topic: European Macroeconomics & Governance Location: Bruegel, Rue de la Charité 33, 1210 Brussels Date: September 15, 2021

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A green fiscal pact

How can the European Union increase green public investment while consolidating budget deficits? By: The Sound of Economics Date: September 29, 2021 Topic: European Macroeconomics & Governance Past crises and consolidation episodes have resulted in major public investment cuts. However, in order to meet the European Union’s climate goals, the additional public investment needed is between 0.5 percent and 1 percent of GDP annually during this decade. How does the EU grapple...

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Winners and losers of energy and climate policy – How can the costs be redistributed?

Sustainable finance Bruegel Annual Meetings, Day 3 - In this session on the final day of the Meetings, our panelists will discuss the future of finance and its sustainability. Speakers: Maria Demertzis, Alberto De Paoli, Pierre Heilbronn and Alexandra Jour-Schroeder Topic: Energy & Climate, Finance & Financial Regulation Location: Palais des Académies, Rue Ducale 1, Brussels Date: September 3, 2021

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In search of climate politics: Why tackling climate change is far from just a technocratic exercise

Efforts to tackle climate change are often presented in a depoliticised way, with policies framed as technical solutions that benefit the whole of society. Yet as Matthew Paterson explains, many of the issues associated with tackling climate change are deeply political. Drawing on a new book, he illustrates the importance of processes of depoliticisation and repoliticisation to climate policy. A few weeks ago, Boris Johnson made a characteristic ‘gaffe’. In speaking to reporters after...

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Exploding energy prices

Wholesale gas prices have reached record highs in the past months, leaving EU governments scrambling for emergency aid to help households cope with their rising bills. However, this is not only about energy: though its origins might be environmental, there are diplomatic, social and economic consequences for governments and citizens. And less than two months after the EU’s bold ‘Fit-for-55’ climate initiative, a gas crisis is threatening the EU’s green agenda. In this episode of The Sound...

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Is Europe’s gas and electricity price surge a one-off?

Surging natural gas prices in Europe, driven by rising demand and tight supply, are pushing up electricity prices; to prevent volatility, governments need to commit more clearly to a low-carbon future. The authors gratefully acknowledge the support of Giovanni Sgaravatti for the preparation of the charts included in this blogpost. Since January 2021, natural gas prices have soared by more than 170% in Europe (Figure 1), sparking concerns about the potential macroeconomic implications. Both...

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