Indices of Sustainability of Fiscal Policy Among the V20
In 2021, the Vulnerable Group of Twenty (V20) made a call for debt flexibility, invoking insufficient fiscal resources to finance responses to health and social crises caused by the COVID-19 pandemic as well as urgent investments in climate adaptation. The service of public debt crowds out crucial investments that countries require to climate-proof their economies and establish […]
Climate Change Risks and Consequences on Growth and Debt Sustainability in Africa
Although Africa has contributed only 3.8 percent of total global emissions, it has borne the brunt of climate change. With a substantial lack of energy access in Sub-Saharan Africa, the continent must balance the need to combat climate change with an urgency to develop the continent’s economies to alleviate hunger and poverty, which are exacerbated […]
Climate Physical Risk, Transition Spillovers and Fiscal Stability: An Application to Barbados
The 6th Assessment Report of the Intergovernmental Panel on Climate Change (IPCC) underscored that climate impacts will be significant and differ widely across countries, with developing economies far more exposed to the negative impacts of chronic and acute physical risk. Beyond climate physical risks, countries can also be negatively affected by a disorderly introduction of […]
Critical Challenges in Realizing the Energy Transition: An Overview of Indian States
Over the next few decades, India will undergo a significant energy transition to meet climate goals, with a steady reduction in the share of fossil fuels in its energy portfolio. This transition will have many different impacts, including on government revenues, investments and potential loss of fossil fuel-based assets and employment. A March 2022 study […]
