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Tag Archives: Energy & Climate

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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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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A new integrated-value assessment method for corporate investment

To contribute more to the green transition, companies should start to make investment decisions based on integrated-value assessment, weighing up the environmental and social impacts alongside the financial returns. Companies are under pressure to change their business models and become more sustainable. Corporate governance codes across Europe have introduced the term ‘long-term value creation’ to capture companies’ social responsibility. However, the concept of long-term value creation...

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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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Conditions are ideal for a new climate club

The technical and political conditions are ideal for the creation of a climate club to catalyse tougher climate action worldwide. Annual global greenhouse-gas emissions have been rising steadily for decades and show no sign of peaking. That is, humankind is not making enough progress to exclude a possibly catastrophic climate scenario. Protecting the climate is difficult because of free-riding: emissions abatement costs are largely national but the benefits from climate stability are global....

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EU climate plan should involve taxing pollution, not borders

Climate change and taxes may be some of the only true certainties in life. To protect ourselves better, we should make careful choices on how they interact. Read the piece published by Law360. 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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Environmental, societal and governance criteria: hit or miss?

Is sustainable investing contributing to society’s climate and social goals, or preventing systemic change? Sustainable investing is gaining in popularity as socially conscious clients consider environmental, societal and governance (ESG) criteria when deciding on potential investment. As a result, the financial world is offering more ESG compatible products on the market. While well intentioned, the ability and capacity of ESG criteria in corporate disclosure to achieve climate and social...

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Poorest should be able to buy into decarbonisation

Climate action should be designed in a way that improves social equality. Read the Letter published in the Financial Times. 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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Science is clear: climate action can’t wait any longer

Without immediate, rapid and large-scale reductions in greenhouse gas emissions, the world will not be able to meet the goals of the Paris Agreement - and, therefore, will not be able to limit the devastating impacts of climate change. Read the piece published by Domani and 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...

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