Author Archives: markcliffe

About markcliffe

Board Advisor and Thought Leader on the impact of disruptive change. Former Chief Economist of ING Group

Climate Shock: time for more stressful tests on banks

There is no doubt that the central banks, supervisors and regulators recognise the urgency of climate change. This is why they are conducting stress tests on the financial risks that it poses to the banks and other financial institutions. Sadly, … Continue reading

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Where’s the Beef? – a recipe for decarbonisation

Here’s a link to the podcast of my interview by Gavin McLoughlin of Newstalk radio on “Reducing Consumption and Committing to Decarbonisation”. It was a broad-ranging conversation, touching on spending patterns, lifestyles, jobs, innovation and policy. We began by discussing … Continue reading

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How Green Credits might ease the way for Green Taxes

Green Credits might ease the way for progressive Green Taxes to accelerate the Race to Zero Continue reading

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Making Small Cool – the case of cars

My “Stuff Stuff” article argued that if we are to save the planet “we cannot and should not aspire to every household in the world owning a 2½ ton SUV”. Cars are an emblematic and critical illustration of our need … Continue reading

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“Stuff Stuff” – the Case for a Radical Greening in Taxes

We are consuming too much stuff. This is not just bad for the planet, it’s bad for our prosperity and happiness. As we look to recover from the Covid-19 pandemic and tackle not just climate change but broader environmental damage, … Continue reading

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New Horizons Beyond ING

My New Favourite Mug Leaving in the midst of the Covid-19 pandemic lockdown is somehow fittingly strange and unexpected. My 22 years at ING, mostly as Chief Economist, marked an unforgettable period of shocks in economics, politics, technology, society and, … Continue reading

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A critical year for climate change

The coming year will be critical in setting the direction for what is widely seen as the ‘decisive decade’ for action on climate change and the UN’s Sustainable Development Goals (SDGs). Thankfully, contrary to earlier fears that climate action would … Continue reading

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Central Bank Digital Currencies: Challenges for Commercial banks

Digital currencies are rapidly moving up the agenda for commercial banks. Although Facebook has been forced back to the drawing board with its grand Libra global currency plan, the Covid-19 pandemic is giving dramatic impetus to the central banks’ studies … Continue reading

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The Three Pillars of Sustainability

In an extended ING version of my latest piece for Project Syndicate (see previous post) I present this graphic of the three pillars of a sustainable recovery. Among others, I draw on the work of Raghuram Rajan, in his book … Continue reading

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Sustainable Recovery Must Be More Than Green

In an article for Project Syndicate, entitled “A Sustainable Recovery Must Be More Than Green” I argue that climate action needs to be closely tied to the urgent need to protect jobs and livelihoods. Otherwise, it risks becoming yet another … Continue reading

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