The macroeconomics of climate change mitigation
Stringent mitigation scenarios aimed at limiting global warming to 1.5°C are right at the edge of what is economically feasible and will require a radical transformation of the whole economy, not just the energy supply sector.
However, the macroeconomics of that transition are highly uncertain, with many different moving parts. While some studies see the move away from fossil fuels as negative for growth, advocates of green development have argued that the investment needed for the clean energy transition will boost jobs and growth.
What you will learn:
- The impact on growth will depend on how the energy transition is financed and whether investment in new technology can boost long-run potential growth.
- The other big uncertainty is over the future price of electricity. Continued technological improvements in renewables may offer the prospect of cheaper energy.
- Moreover, market mechanisms such as carbon pricing can only take us so far. The clean-energy transition is also likely to require significant levels of government intervention.
Capital catalysts – Funding development when budgets are tight in Africa
In this presentation deck, we grappled with some of the Africa’s most pressing issues for 2024 and beyond. We explored Africa’s alternative funding strategies during challenging times, examined the continent’s growth hotspot, and unpacked South Africa’s political economy in the lead up to the general elections in 2024.Find Out More
APAC Key themes 2024 – A year of living cautiously
In 2024, the main influence on Asia is likely to be a global slowdown, particularly in China and the US. Moreover, governments have limited policy space to deal with these headwinds. Other negative influences, however, are set to ease further, including domestic inflation, external pressure on interest rates, and softening semiconductor prices. Overall, we expect a bumpy year as issues become more country-specific and policy responses and economic outcomes diverge.Find Out More