Category: Reports and Papers
Energy in a World in Transition: Challenges, Opportunities and Perspectives
The Energy Transition process is complex and multifaceted, with substantial impacts on the energy industries’ business models. In order to contribute with a greater understanding of this trend, CEBRI, in partnership with BMA, organized a collection of articles that analyzes the main implications of this process, which is well positioned to be one of the major drivers of economic transformation in this historic period.
Published in English and Portuguese, the collection is structured around the theme “Energy in a World in Transition”, and assesses a global process from a Brazilian perspective. The first edition, published in June, included important reflections on the future of Brazilian energy.
Paving the Way for Greener Central Banks. Current Trends and Future Developments around the Globe
Climate change has quickly become one of the most pressing challenges of our society. Financial actors could play a key role in supporting and fostering a shift towards a low-carbon economy. In this context, central banks could have a primary function in both tackling climate-related risks and the ones related to the transition and, potentially, proactively redirecting resources towards green initiatives. Central banks are indeed exploring how different types of climate-related risks and considerations could be incorporated into their activities. However, this effort is proceeding at a different speed and with a different geometry across the globe. This edited volume aims at shedding light on how central banks and international financial institutions are currently addressing climate change worldwide, with a focus on central banks in the European Union, the United States, Asia, Africa and Latin America, and on the potential role of the International Monetary Fund, sovereign national funds and ESG (Environment, Social and Governance) standards.
Country Platforms and Delivery of Global Public Goods
This paper discusses three potential requirements for country platforms to facilitate effective delivery of GPGs. We propose that existing country platforms be repurposed to coordinate the contribution of domestic and external stakeholders to GPG delivery efforts at the country level. For this proposed approach to be successful, an explicit link must be introduced between country-level efforts and global initiatives to provide GPGs. There is also merit in setting up country and global coordination mechanisms, with relevant agencies assigned to operate them both at the national and international levels.
Using relevant country platforms, we suggest that international financial institutions (IFIs) such as the IMF and multilateral development banks (MDBs) be mandated with helping developing countries meet the financing needs associated with the provision of GPGs. In addition, technical support from the IFIs should be put on the table to improve the effectiveness of developing countries’ contribution to GPG delivery. In this regard, MDBs can and must play a central role in developing capacities in these countries as part of their own contribution to GPG delivery. At the same time, securing the contribution of civil society and the private sector to GPG delivery efforts is essential given the magnitude of potential financing needs.