A Monetary and Economic Order Fit for the Twenty-First Century Published: 24 June 2024 Analyse If the international community is to have a chance of addressing twenty-first-century challenges effectively and equitably, the global economic and financial architecture that was created eight decades ago must be radically reformed. Eight priorities stand out. By Ulrich Volz , Janak Raj , Sarah Ribbert , Kamal Ramburuth , Monica Herz and William Kring
Bretton Woods Revisited: Creating a Monetary and Economic Order Fit for the 21st Century Published: 12 June 2024 Statement Ahead of the 80th anniversary of the Bretton Woods Conference, together with partner institutions, we propose reforms in eight critical areas of the international economic and financial architecture to reflect the changing global realities and challenges. By Ulrich Volz , Kamal Ramburuth , Janak Raj , Paulo Esteves , William N. Kring and Sarah Ribbert
The global south’s debt crisis is thwarting climate ambition Published: 13 December 2023 Analysis Many climate-vulnerable countries cannot invest in low-carbon development unless they are offered debt relief. Policymakers must agree to reform the debt architecture and provide more concessional finance. By Maria Fernanda Espinosa and Rishikesh Ram Bhandary
The global debt crisis in many developing countries and its interconnectedness with the climate crisis Published: 4 December 2023 Analysis In the climate negotiations at COP28, the question of financing the climate crisis will be at the forefront of the debate. However, many countries in the Global South are struggling to channel extra funds into climate action, due to the unfolding debt crisis. By Sarah Ribbert
“Without the Environmental Redesign of Society and Economy Global Justice will be Impossible” Published: 14 July 2023 Interview The Agenda 2030 is at its half-way point, yet the 17 goals for sustainable development remain a distant proposition. In the following conversation, Imme Scholz discusses the causes and points out how the global community may speed up their realisation. By Imme Scholz
A New Common Framework Toward Guaranteeing Sustainable Development Published: 3 May 2023 Report A new report from the DRGR project analyzes new data on the level and composition of public and private external sovereign debt for emerging markets and developing economies and how this relates to climate vulnerability. By Rebecca Ray and Luma Ramos
Why the European response to the IRA must be more Europe Published: 24 March 2023 Commentary The EU’s half-baked response to the U.S. investment offensive is putting its competitiveness and our future prosperity at risk. Now is the time for deeper European integration and major adjustments to EU treaty law. By Jan Philipp Albrecht
Making international trade in green hydrogen fair and sustainable Published: 6 April 2023 Commentary Green hydrogen is increasingly heralded as the best alternative to fossil fuels. But to prevent it from becoming another excuse for greenwashing, Western policymakers must work with their counterparts in the Global South to create an economically viable sector with strong environmental and social standards. By Jörg Haas
The Debt-Climate Nexus Published: 14 December 2022 Commentary As central banks tighten monetary policy, dozens of climate-vulnerable, highly-indebted countries teeter on the edge of a financial abyss. To address the confluence of economic and environmental disasters ravaging the Global South, the international community must provide immediate debt relief in exchange for green investments. By Ulrich Volz , Kevin P. Gallagher , Jörg Haas , Maria Fernanda Espinosa , Yueven Li , Anzetse Were and Shamshad Akhtar
Enter the industry of the future now! Published: 25 October 2022 Commentary Investing billions in the development of new gas fields in Europe or in Africa is a misguided approach and sends the wrong signals to many countries in the world. Instead, the German government should massively increase its investments in emission-free technologies right now. By Jan Philipp Albrecht