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This paper considers the case for adjusting measures of the cyclically-adjusted fiscal balance for exceptional movements in the terms of trade for those countries where production of commodities is a substantial share of output. For such countries exceptional movements in commodity prices, such...
Persistent link: https://www.econbiz.de/10005045641
World energy demand is surging. Oil, coal and natural gas still meet most global energy needs, creating serious … implications for the environment. One result is that CO2 emissions, the principal cause of global warming, are rising. This new … study underlines the close link between efforts to ensure energy security and those to mitigate climate change. Decisions on …
Persistent link: https://www.econbiz.de/10012442764
complexity. A particularly challenging form of support is energy inputs offered to industrial producers at below-market prices … companies and their subsidiaries operating in energy-intensive industries, namely aluminium smelting, steelmaking, chemicals … (including fertilisers), and cement. Most of the energy subsidies identified appear to concern the provision of natural gas and …
Persistent link: https://www.econbiz.de/10014278985
Public investment is a key policy lever to tackle the big challenges faced by society – climate change, demographic trends, digitalisation, and economic and other shocks. Investment helps to lay the foundations for future economic prosperity and well-being in our cities and regions. It can...
Persistent link: https://www.econbiz.de/10013278598
L’investissement public est un outil essentiel pour relever les grands défis –changement climatique, évolutions démographiques, transformation numérique et chocs économiques et autres – auxquels est confrontée la société. L’investissement contribue à poser les fondations de la...
Persistent link: https://www.econbiz.de/10013278624
According to latest data from the OECD and the IEA, government support for the production and use of fossil fuels across 81 major economies totalled USD 351 billion in 2020, amounting to USD 183 billion across 50 OECD, G20, and Eastern Partnership economies. While the difficulty of reform is...
Persistent link: https://www.econbiz.de/10013174634
This paper takes stock of one year of policy responses to the 2022/2023 energy crisis triggered by Russia's war of … transition. Overall, while emergency measures were initially centred on energy-intensive sectors, a larger number of SMEs was … Ukraine. Going forward, as wholesale energy prices return to pre-war levels, price-support measures should be withdrawn …
Persistent link: https://www.econbiz.de/10014435866
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