International Policy

The way our economy currently works is destroying the foundations of life on this planet. Climate change is accelerating and biodiversity is under massive pressure. At the same time, the income gap is widening and inequality is growing. A “great transformation” (WBGU) worldwide is needed to bring our global economy in line with planetary boundaries while ensuring a good life for all.

Cover LSF Studie

The Liquidity and Sustainability Facility for African Sovereign Bonds

Over the past few decades, market-based finance has become central to the global financial system. Huge volumes of financial instruments are traded on a daily basis. In an effort to improve access to global financial markets for African countries, the United Nations Economic Commission for Africa (ECA) – in cooperation with the asset management firm PIMCO – has proposed setting up a Liquidity and Sustainability Facility (LSF). This is designed to create a Special Purpose Vehicle to subsidise private sector investment in African sovereign debt. The LSF would be financed by official development assistance (ODA), multilateral development banks and/or by the central banks of members of the Organisation for Economic Co-operation and Development (OECD).

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Cover Political Economy of Climate and Clean Energy in China

Political Economy of Climate and Clean Energy in China

Publication

China’s emissions pathway during the coming decades is probably the single biggest factor in determining the achievability of the climate targets agreed in Paris. This fact is due to the still growing size of the Chinese economy and its carbon intensity, based on its reliance on coal to fuel the power system. This paper contributes towards fostering a deeper understanding of the challenges and the potential of Chinese-European interaction in the transition to a zero-carbon economy

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