In many ways, climate change reinforces the importance of adherence by central banks to their core financial and price stability mandates. For example, developing countries are widely expected to require significant levels of foreign financing to fund climate interventions. These climate interventions […]
The science clearly shows that the most cost-effective NbS are at hand and bring many co-benefits in terms of climate, health and the economy. The top 20 climate change solutions listed by Project Drawdown, an ongoing research project of the most impactful […]
The newly established G20 Working Group on Sustainable Finance should add a workstream on the macro-critical aspects of climate risks and the necessary financing and policy frameworks of a just transition to its Sustainable Roadmap. The IMF should play a key role […]
This policy brief puts forward five actionable policy recommendations for national governments, monetary and financial authorities and the international community for economies to mitigate and manage risks to macrofinancial stability and debt sustainability caused by exposure to climate change. First, recognition of […]
POTENTIAL FOR GHG EMISSION REDUCTION BY REPURPOSING SUPPORT MEASURES Many possible scenarios could be considered for repurposing current support to serve both global climate and food security goals. Further model-based analyses (Gautam et al., 2021, forthcoming) point out, however, that shifting support […]
When the G20 began meeting at the leaders’ level in 2008, it had the distinct advantage of bringing together, in an informal setting, the world’s largest energy producers, consumers and polluters. With 77% of all energy consumption and almost 82% of all […]
The G20 has governed climate change since its first summit in 2008, and will do so again at its Osaka Summit in June. The G20’s climate change leadership matters. The group includes the countries that bear both the historic and projected responsibility […]