Sustainable Growth Newswire

EPF compiles a selection of policy oriented-research from around the globe pertaining to its policy initiatives. To receive a weekly email of the newswire, please subscribe to our newsletter

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Scaling Up Climate Action through Value Chain Mobilization

World Economic Forum  
Policy Initiative: Climate Action
16. February 2016

The adoption of the Paris Agreement on 12 December by 195 governments is a major turning point in the global fight against climate change. To date, 190 governments have committed to specific actions to reduce their national greenhouse gas (GHG) emissions, covering over 95% of total global emissions. While these efforts alone will not suffice in keeping the world climate-safe, these bottom-up national pledges will provide a solid foundation from which ambition can be ratcheted up in the coming years.…

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Do Resource-Rich Countries Suffer from a Lack of Fiscal Discipline?

World Bank  
Policy Initiative: Innovation and Economic Diversification
12. February 2016

Fiscal indicators for resource-rich and resource-poor low- and middle-income countries are compared using annual data from 1996 to 2012. Resource richness is defined by export composition: fuel greater than a 25 percent share and/or ores and metals greater than a 10 percent share. Fuel exporters have a significantly better general government fiscal balance than the rest of the sample, and higher revenues and expenditures, which are approximately evenly split between extra consumption expenditure and extra capital expenditure. Only about a…

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The New Imperative of Innovation Policy: Perspectives from Latin America and the Caribbean

Inter-American Development Bank  
Policy Initiative: Regional Integration
12. February 2016

The main purpose of this study is to present the conceptual basis that supports science, technology, and innovation (STI) policy in Latin America and the Caribbean (LAC). It starts by clarifying STI relationship, both conceptual and empirical, to economic growth and it explains how market and coordination failures hinder innovation. Then, it discusses a variety of demand- and supply-side policies aimed at addressing these private sector and institutional insufficiencies. In the specific case of LAC, it examines the region's underperformance…

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The Transition to a Low-carbon and Climate-resilient Economy from a Financial Sector Perspective

Organisation for Economic Cooperation and Development  
Policy Initiative: Climate Action
12. February 2016

Climate change is a major political and economic challenge. This paper sketches out its relevance for the financial sector. Necessary low-carbon investments imply a significant yet manageable financing gap. However, we argue that beyond capital mobilisation that has attracted most attention until now, the main challenge is ensuring a transition-consistent capital reallocation. The financial sector has a key role to play in that respect, complementary to appropriately designed climate policies. To help the financial system fulfil its role, the understanding…

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The Future of Energy Technologies: An Overview of Expert Elicitations

Global Green Knowledge Platform  
Policy Initiative: Energy Policy
12. February 2016

The development of new energy technologies is widely viewed as an essential element in addressing climate change. However, identifying and prioritizing which energy technologies should receive research, development and demonstration (RD&D) funding is a key challenge for policymakers. Particular difficulties arise in estimating the future performance and costs of these technologies. To address these uncertainties, researchers have reached out to technology experts in order to develop probability distributions that can provide an indication of future performance and costs of technologies, and allow for an assessment of…

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Maximizing the Opportunities of the Internet for International Trade

International Center for Trade and Sustainable Development  
Policy Initiative: Innovation and Economic Diversification
4. February 2016

The last decade has witnessed remarkable developments in the digital economy, creating new opportunities for cross-border trade and investment and the ongoing emergence of novel and disruptive businesses models. At the same time, the Internet is transforming how goods and services are produced, delivered, and consumed both domestically and internationally. The transformation in the character of cross-border trade in goods and services, which are increasingly embedded, is also resulting from global value chains, made possible by the flow of immense amounts of data across borders. This has given rise to…

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Global Rules for Mutually Supportive and Reinforcing Trade and Climate Regimes

International Center for Trade and Sustainable Development  
Policy Initiative: Climate Action
4. February 2016

As the world intensifies its search for global solutions for climate change, far too little attention has been paid in global policy-making to the nexus between climate change and international trade. In particular, important opportunities for the trade system to contribute to addressing climate change have been overlooked. The overriding message addressed to both trade negotiators and climate negotiators in the present paper is that they must begin by acknowledging the inseparability of the two issues with the aim of framing global rules on…

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Putting a Price on Carbon : Reducing Emissions

World Resources Institute  
Policy Initiative: Climate Action
4. February 2016

In Putting a Price on Carbon: Reducing Emissions, we describe how a national price on carbon would reduce emissions across key sectors of the economy, including empirical evidence and real world case studies. The research examines how the incentives for emissions reductions are depicted in an influential carbon pricing study, and shows why computer models are likely to underestimate the emissions reductions potential of a carbon price. We conclude that carbon pricing can play a central role in helping the…

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