Economy and ecology | IPS Journal

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Economy and ecology

The coming world order

Russia’s invasion of Ukraine has upended the existing world order — and with it the global energy, production, distribution, and financial systems

By Marc Saxer

Reuters

Economy and ecology

The ECB should not hike interest rates

Europe’s central bank is under pressure to raise interest rates to counter rising inflation. It should resist it

By Philipp Heimberger

Reuters

Economy and ecology

The EU’s green banking agenda isn’t sustainable — yet

By ‘greening’ finance, the EU wants to put financial flows at the service of the transition to climate neutrality. But so far its efforts fall short

By Agnieszka Smoleńska

Pexels

Economy and ecology

Who should be responsible for emissions reductions?

Carbon taxes disproportionally hit the poor — both in the Global North and South. Instead, climate policies should tackle the consumption of the rich

By Jayati Ghosh

Reuters

Economy and ecology

The Middle East’s food crisis spells disaster

As a result of the war in Ukraine, the Middle East is facing a major food crisis that could destabilise the entire region — if Europe doesn’t act now

By Stefan Lukas, Marius Paradies

Reuters

Economy and ecology

Putin’s war is damaging the developing world

Russia’s invasion has led to increases in oil and food prices, further harming developing countries struggling to recover from the pandemic

By Jayati Ghosh

Pixabay

Economy and ecology

Taking the heat out of energy prices

Rising energy prices and inflation are causing energy poverty in Europe. The EU should rethink carbon pricing and consider VAT relief

By Peter Bofinger

Reuters

Economy and ecology

How crypto is undermining the energy transition

As cryptocurrencies become more energy-intensive, power outages force governments around the globe to pull the plug on crypto mining

By Boris Schneider

Pexels

Economy and ecology

The beginning of a new globalisation

Prior to the pandemic, capital used to move seamlessly, while workers didn’t. Now, this trend could be reversed

By Branko Milanović

Reuters

Economy and ecology

Free the money we need

The fiscal response of rich countries has caused an uneven global economic recovery. The IMF’s reserve asset could counteract this development

By Jayati Ghosh