Hydrocarbon producing countries will face important fiscal challenges to reduce greenhouse gas emissions in line with the Paris Agreement on Climate Change and then move to a net-zero emission (NZE) scenario. Efforts taken to reduce these emissions will lower demand for fossil fuels globally and result in falling production volumes and decreased prices. As a […]
The fiscal implications of managing climate transitions are significant, especially considering fossil fuels are a major source of revenue for many countries. Furthermore, the revenue raised from carbon pricing, which has proven to be politically difficult to enact, may be insufficient to finance or incentivize the low-carbon transition. This means the International Monetary Fund (IMF), […]
By Sara Jane Ahmed and Rishikesh Ram Bhandary The International Monetary Fund’s (IMF) allocation of $650 billion in Special Drawing Rights (SDRs) last August was one of the boldest steps taken by the international community to help countries recover and rebuild from the COVID-19 pandemic. Now, the Resilience and Sustainability Trust (RST) proposed by the […]
By Emanne Khan Over two years after the World Health Organization declared COVID-19 a global pandemic, people across professions have found new ways of conducting their work while adapting to the challenges of the virus. With many countries lifting restrictions on international travel, scholars engaged in research projects abroad have welcomed the opportunity to return […]
By Katie Gallogly-Swan On Wednesday, March 23, the Boston University Global Development Policy Center, the Boston University Institute for Economic Development and the Boston University Department of Economics hosted the third Paul Streeten Distinguished Lecture in Global Development Policy. The 2022 Distinguished Speaker was Dani Rodrik, renowned economist and Ford Foundation Professor of International Political Economy at the […]
Throughout history, the chemical element mercury has had a variety of applications spanning medicine, manufacturing and more. While mercury has played a role in a number of scientific advances, exposure to mercury can also cause serious health complications that have led to a steady reduction in its use in consumer products. The element is also […]
On Monday, March 28, 2022, China’s National Development and Reform Commission issued new guidelines on greening the Belt and Road Initiative (BRI), the ambitious multi-billion-dollar international push to better connect China to the rest of the world through trade and infrastructure. Through this venture, China is providing over 100 countries with funding they have long […]
By Rachel Thrasher Following a 17-month impasse, India, South Africa, the United States and the European Union have, as of March 15, 2022, negotiated a preliminary text for the much-anticipated waiver on Trade-Related Aspects of Intellectual Property Rights (TRIPS waiver) for COVID-19 vaccines. India and South Africa originally proposed a comprehensive TRIPS waiver to the […]
At the United Nations Climate Change Conference in Glasgow, India’s Prime Minister Narendra Modi announced India will meet a target of net-zero emissions by 2070. Now, over the next few decades, India faces a significant energy transition, as fossil fuels account for a significant share of Indian government revenues. Currently, the Indian government, both the […]
By Zara C. Albright In 2021, for the second year in a row, China and Latin America and the Caribbean (LAC) agreed to no new official financing commitments from the China Development Bank (CDB) or the Export-Import Bank of China (CHEXIM). Rather, the China-Latin America and the Caribbean Economic Bulletin, 2022 edition, published by the […]