Postings

A trade war occurs when countries impose tariffs or other barriers on each other’s goods, which can lead to a global conflict that unsettles global trade relations.  When major players like the United States, the European Union, and China engage in trade disputes, entire sectors that depend on global collaboration and ...

Globally, fossil fuel subsidies were $7 trillion in 2022 or 7.1% of GDP.  Explicit subsidies – the undercharging for supply costs – have more than doubled since 2020.  This equals 18% of the total subsidy, while nearly 60% is due to undercharging for global warming and local air pollution.  Differences between efficien ...

A better understanding of the complexity, size, design, and effects of subsidies and externalities of economic sectors contributing to environmental degradation could facilitate and expedite discussions to strengthen the implementation of multilateral agreements.  This is an essential aspect of the global economic syst ...

President Trump is weaponizing trade.  After decades of globalization and expanding trade, recent shocks have exposed the fragility of global value chains (GVCs).   As rising geopolitical tensions fuel protectionist sentiments and trade wars, the urgent need for sustainable and environmentally friendly supply chains fo ...

A study, “Macroeconomic Impacts of Increased Decarbanisation and Green Industrial Policies in the European Union” by Cambridge Econometrics, models two scenarios for the period 2022 to 2050 and their impact on the economy and the labor market as well as on energy consumption/production, energy prices, and greenhouse ga ...