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.
Australia: Roadblocks cleared for build-to-rent in Australia
The pipeline of build-to-rent (BTR) developments across Australia continues to swell, with our project tracking currently capturing a pipeline of circa 45,000 announced units. Around 5,900 units have broken ground in FY2023, with a further 15,000 geared to commence across FY2024 and FY2025.Find Out More
How bank turmoil is impacting APAC commercial real estate credit
Recent bank funding turmoil is likely to lead to tighter lending conditions in commercial real estate markets in the Asia-Pacific region.Find Out More