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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

Reuters

Economy and ecology

Europe’s fiscal rules contradict themselves

For the EU’s fiscal rules to actually guarantee sustainable public finances, they urgently need to be reformed — and allow for more public investment

By Pola Schneemelcher

Reuters

Economy and ecology

Erdogan’s economic miscalculations

Turkey’s economic crisis is eroding President Erdogan’s support. One and a half years before the elections, the pressure to revive the economy is high

By Stefan Hibbeler

Reuters

Economy and ecology

Climate change shouldn’t be an investment opportunity

At COP26, South Africa was singled out for an investment deal — allegedly to encourage a transition away from coal. In reality, it’s all about profit

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