European Central Bank | 6 September 2023 Frontloading green investment significantly reduces medium-term costs and risks facing households and firms Not expediting green transition drags down firms’ profitability and households’ purchasing power while pushing up credit risk for banks Further delaying transition means missing Paris Agreement goals and exacerbating impact of costly physical risks The European Central Bank (ECB) today published the results of its second economy-wide climate stress test. The results show that the best way to achieve a...

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Digitalization, done right, can equip governments to improve revenue collection and spending efficiency. International Monetary Fund - September 7, 2023 Digitalization is a transformative force as powerful as the advent of the printing press in the 15th century or electricity in the 19th. Yet some governments have been slow to harness the potential of digital technology to improve delivery of public services and strengthen public finance. A two-pronged policy approach is required—connecting unconnected households to the internet and accelerating and strengthening the...

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Policy brief by John Springford , Sander Tordoir | Published 12 June 2023. CER study raises concerns about wasteful European subsidies, as shipping costs increasingly discourage imports from faraway countries European policy-makers are worried about losing out to subsidised production in the US and China in the booming global market for green technologies. A new CER policy brief, ‘Europe can withstand American and Chinese subsidies for green tech’, shows that the EU can be competitive in green goods and should use...

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