The Unassuming Economist

From a paper by Hugo Morão:

“This study quantifies the impact of European Union Emissions Trading System (EU ETS) on inflation and key macroeconomic variables in the Euro Area (EA). Using a structural vector autoregression (SVAR) model, the analysis reveals that stricter climate policies significantly affect industrial production, unemployment, and inflation in transportation, utilities, and food sectors. Furthermore, the post-2020 regulatory adjustments in emissions caps and allowances have contributed to recent consumer price increases, an effect amplified by the COVID-19 pandemic and geopolitical tensions. The findings suggest the European Commission underestimated the macroeconomic consequences of EU ETS Phase 4. This highlights the need for a more flexible climate policy approach that balances environmental goals with macroeconomic stability.”

From UNDP:

“The European Union (EU) has committed funding of $1 Million to the Africa Facility to Support Inclusive Transitions (AFSIT), a joint initiative of the United Nations Development Programme (UNDP) and the African Union Commission (AUC). This funding will advance the development and updating of the Africa Transition Index (ATI) platform, providing African governments with vital data-driven insights to guide their transitions, strengthen governance and promote long-term stability across the continent.

ATI is designed to equip policymakers with the tools they need to make informed decisions that ensure stability and foster sustainable development. By addressing the challenges of governance, AFSIT will support African nations in crafting long-term, inclusive solutions aligned with the Sustainable Development Goals (SDGs), particularly SDG16 (Peace, Justice and Strong Institutions) and the African Union’s Agenda 2063.”

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From a paper by Jangho Yang and Christian Schoder:

“This study examines the impact of temperature uncertainty on firm fixed capital growth using a unique dataset that merges extensive firm-level financial data with detailed gridlevel weather data. The analysis reveals a strong negative relationship between temperature uncertainty and fixed capital growth. Furthermore, the impact varies significantly across industries with differing levels of investment irreversibility and among countries with varying income levels. Firms in industries characterized by high investment irreversibility and those operating in higher-income countries experience more pronounced declines in fixed asset growth due to temperature uncertainty.”

From a paper by Peterson K. Ozili:

“Contractionary monetary and fiscal policy jointly reduce CO₂ emissions in the regions of the Americas and Africa. Contractionary monetary and fiscal policy combined with higher renewable energy consumption jointly reduce CO₂ emissions in the regions of the Americas, Asia and Europe. Also, contractionary monetary and fiscal policy combined with higher institutional quality jointly reduce CO₂ emissions in African countries. Higher renewable energy consumption reduces CO₂ emissions in Africa, Asia, Europe and Americas regions while strong institutional quality consistently reduce CO₂ emissions in Europe and the Americas.”

From a paper by Yvonne Rueckert:

“The chapter examines the promotion of the ILO’s decent work agenda at global and national level. The ILO, which acts as a knowledge creator and standard setter, cooperates with inter-governmental organizations including the World Bank (WB) and the International Monetary Fund (IMF) in order to promote social dialogue. The chapter highlights some of the joint initiatives and examines organizational characteristics which promote and hinder the dialogue including, for example, organizational missions, values, and approaches to economics. At the national level the implementation of the social dialogue is strongly influenced by institutions such as employment and trade union laws and the organizational strength of social partners. In this context the examples of the UK and Spain highlight some of the differences between liberal market economies and Southern European welfare regime and consider the importance of social dialogue during times of crisis, such as the Covid-19 pandemic.”