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Greenbacks for a Green Future: It’s the Cost of Decarbonisation
Accelerating the transition toward low- or zero-carbon emissions is necessary to keep global warming at theoretically safe levels. That will probably bring price shocks associated with rising metal prices, energy costs, and carbon taxes — what has been called “greenflation”.
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Setting the Standard for Sustainability and Advancing the ESG Agenda
AccountAbility is an expert Sustainability / ESG consulting and standards firm that provides objective counsel to CEOs and boards on how to improve their business performance. The firm has a centred purpose – to innovate and advance the global Sustainability
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Plus ça Change: Mired in Multiple Crises, Lebanon Votes for Continuity
In a scathing indictment of the country’s political elite, Lebanon tumbled some 25 places on the annual United Nations World Happiness Index and now ranks only above Afghanistan as the most depressing country in the world. Severely dysfunctional states such
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Otaviano Canuto: Some Economies May Soon Face a Hard Landing
Weaker performance of emerging markets is expected in the immediate future. This year began with simultaneous signs of a slowdown in global economic growth and a reorientation toward tightening of monetary policies in advanced economies. In its latest Global Economic
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Decarbonisation and “Greenflation”
Accelerating the transition toward low or net-zero carbon emissions is necessary to keep global warming at theoretically safe levels. That will likely bring price shocks associated with rising metal prices, energy costs, and carbon taxes – what has been called
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China’s Renminbi Needs Convertibility to Internationalise
On July 21, the Official Monetary and Financial Institutions Forum (OMFIF) published its eighth annual report on Global Public Investors (GPI). It included a survey the asset allocation plans of reserve managers of central banks, sovereign wealth funds, and public
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Geoffrey Okamoto, First Deputy Managing Director of the IMF: Knightmare Uncertainty
The American economist Frank Knight theorised about the difference between risk and uncertainty in his classic book Risk, Uncertainty and Profit. Risk is “a quantity susceptible of measurement.” A precise outcome may not be known, but the probability of a
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Don’t Expect Miracles from the Multilaterals
by Otaviano Canuto Latin American and Caribbean economies need help, but organisations such as the IDB are also stretched thin. With Latin America and the Caribbean potentially facing years of difficulties due to the pandemic and related economic crises, attention
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When It Pours, Rainy Day Funds Help – A Little
Both the United States and the United Kingdom have joined the increasingly crowded ranks of countries sustaining a debt load equal to, or greater than, their national income. The US Congressional Budget Office has warned that over the next decade,
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India: Carefully Seizing the Day
India’s aspiration of rivalling China for regional political and economic supremacy may seem to have been ruined by the Corona pandemic’s intervention. Prime Minister Narendra Modi’s stated goal of growing India into a $5 trillion economy appears more distant than
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