Tag: Economics

Why renewable electricity powers decarbonization — and pays off

This story is part of the series Getting to Zero: Decarbonizing Cascadia, which explores the path to low-carbon energy for British Columbia, Washington, and Oregon. This project is produced in partnership with InvestigateWest and other media outlets and is supported in part by the Fund for Investigative Journalism. Amid the 1970s Arab oil embargo, a gasoline company’s TV […]

Banks should invest in nature to fight climate crisis, says Prince William

Duke tells IMF and World Bank event that investment in reforestation and cleaner oceans must be stepped up Banks can help to turn the tide in the battle against climate breakdown by investing more in nature, the Duke of Cambridge has said. Prince William told a joint International Monetary Fund and World Bank event on […]

From tax hikes to ‘levelling up’: Rishi Sunak faces budget grilling by MPs

Treasury committee hopes to pin down chancellor on investment, the environment, NHS and universal credit Rishi Sunak will face questions from MPs on the influential Commons Treasury committee this week over his spend now, pay later budget plan to combine emergency Covid support schemes with the biggest tax rises since 1993. The chancellor outlined tax […]

Central banks aren’t what they used to be – and the better for it

Banks now tackle diverse issues, be it Covid-19, climate change or inequality. Purists may disagree but there’s no other option We are used to thinking about the remit of central banks as focusing narrowly on price stability, or at most as targeting inflation while ensuring the smooth operation of the payment system. But with the […]

Britons set for a post-Covid spending binge, says Bank chief

Bank of England governor Andrew Bailey says economy should make a strong recovery from the pandemic The Bank of England is braced for the possibility that a mood of national depression that engulfed Britain as it plunged into a third national lockdown will end with a spending spree when restrictions are lifted. In an interview […]

Economics of biodiversity review: what are the recommendations?

Landmark report says GDP should be ditched as measure of wealth and nature valued to protect wildlife and humans “Our economies, livelihoods and wellbeing all depend on our most precious asset: nature. We are part of nature, not separate from it.” These are the opening lines of a newly published landmark review of the economics […]

Helping poorest tackle climate crisis will boost global growth, says IMF head

Kristalina Georgieva says investing to create resilient economies is a ‘win-win-win-win’ scenario Helping the most vulnerable people to cope with the climate crisis can boost the global economy during the Covid crisis and governments should make this a priority, the head of the International Monetary Fund has said. Kristalina Georgieva said international responses to the […]

UK must become global leader in tackling climate crisis, says CBI

Carolyn Fairbairn calls for more green jobs to help economy recover from Covid-19 See all our coronavirus coverage Britain needs to step up and become a global leader in climate action, creating a number of green jobs and boosting productivity to help the economy recover from the coronavirus pandemic, the CBI will say on Monday. […]

Campaigners launch legal challenge against UK’s green recovery plans

Plan B says government proposals unlawful in light of obligations to cut emissions Coronavirus – latest updates See all our coronavirus coverage Climate campaigners have launched a formal legal challenge against the government’s green recovery plans, claiming they are inadequate and “clearly unlawful” in light of the UK’s obligations to reduce emissions. Plan B, the […]

The Guardian view on a green new deal: to save jobs and the planet | Editorial

The pandemic is an opportunity to tackle the climate emergency by creating productive green jobs for those made redundant by the crisis Britain needs a green job-filled recovery from the coronavirus crisis. Unlike Germany and South Korea, it is far from clear that we will get one. While Berlin and Seoul are retooling their fossil […]