This analysis provides an international perspective geared towards understanding the future demands being placed on the world's electricity system. It focuses upon the household or residential demand for electricity in a number of high-income and middle-income countries that may raise power...

We consider the interplay of climate change impacts, global mitigation policies, and the interests of developing countries to 2050. Focusing on Malawi, Mozambique, and Zambia, we employ a structural approach to biophysical and economic modeling that incorporates climate uncertainty and allows...

The concept of sustainable development has been formulated at a time when modern humanity gained the technological means to carry out almost any transformation of the world around us, but, at the same time also got lost in the goals that their actions should serve. This is connected with the...

Industrialized countries and emerging economies must cooperate in order to decarbonize the emissions-intensive industrial sector and to limit global warming to 1.5 degrees Celsius. While Germany and the other G7 countries have committed to supporting emerging economies in their efforts to combat...

Not anytime soon. Using a novel dataset covering 127 countries and spanning two centuries, we find evidence for an energy Kuznets curve, with an initial decline of energy demand at low levels of per capita income followed by stages of acceleration and then saturation at high-income levels....

As governments around the world steadily assume greater financial risk, there is concern about the growing sovereign risk that overhangs the private sector. Using a sample of 2,430 firms in 52 countries, we find that firms’ equity and credit returns exhibit higher R2s and are more tightly...

What determines the ability of low-income developing countries to issue bonds in international capital and what explains the spreads on these bonds? This paper examines these questions using a dataset that includes emerging markets and developing economies (EMDEs) that issued sovereign bonds at...

The main goal of every government in the country is to promote economic and social development. The fulfillment of this goal depends on the availability of sufficient amount of central government revenue. Unfortunately, in developing countries, the collection of revenue is far below than...