COP29 was far from the dramatic turning point in the fight against catastrophic climate change that the world needs
Climate Change
Boromeus Wanengkirtyo, Francesca Diluiso, Rebecca Mari, Jenny Chan, Ambrogio Cesa-Bianchi and Alex Haberis. Climate change is becoming increasingly important for monetary policy as the world transitions into greener economies and climate change’s physical impacts become more prominent. This is complementary, but distinct to, examining how climate change affects financial stability risks (Carney (2015)). This series … Continue reading Climate and monetary policy series
Francesca Diluiso, Boromeus Wanengkirtyo and Jenny Chan. This post examines key aspects of climate mitigation policies that could matter for monetary policy, using insights from structural climate macroeconomic models (Environmental Dynamic Stochastic General Equilibrium). Three main findings emerge: first, mitigation policies – like carbon pricing – can be a direct source of shocks, creating potential … Continue reading Some implications of climate policy for monetary policy
Over the past week, I have already indicated that a major climate activist event was going on in Newcastle, Australia, which is the largest coal export port in the world. The event – The People’s Blockade – run by the activist group – Rising Tide, which involved thousands of people concerned about climate change gathering…
As I noted yesterday, last evening I accepted an invitation to speak on a panel at a – Rising Tide – event, which is part of the massive – People’s Blockade – of the port of Newcastle that is running from November 19-24, 2024. The Blockade is a threat to the mining corporations and the…
World leaders are failing to commit to the dramatic action required to prevent devastating climate change, reports Mike Buckley from the COP29 summit
"We have to [only] choose the ‘good’ ones that have the best pictures or the highest fatalities", says Laura Tobin
The global consensus on tackling climate change is fragmenting at the very moment action is most needed
Sydney Environment Institute presents
Strategies for a just and democratic climate economy
The economy is an increasingly significant terrain of climate politics. The climate debate has moved on from carbon pricing as the cornerstone of climate economics and is now focused on how climate change is, or should be, reshaping markets, industries and statecraft. However, existing climate agendas have placed significant faith in private capital to lead the transition, failed to wind down the fossil economy, and are becoming ever more entangled with geopolitical tensions and interests.
The election of the climate-denying President elect Donald Trump has raised the stakes at this week's global climate summit