Pandenomics
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Looking for trouble…
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Savers are Negative on Negative Rates
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Greek Crisis Lessons
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Globalization Disrupted
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The New Abnormal
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Warped World of Bonds
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EMU Roads to Survival
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EMU Break-up?
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Category Archives: Sustainability
We’re living on Planet VUCA, not Planet NGFS
In my latest article, published in the May 2023 edition of The Actuary magazine, I argue that official climate scenarios, promoted as the de facto standard by the likes of the Network for Greening the Financial System (NGFS), are no … Continue reading
Posted in Climate Change, Sustainability, Uncategorized
Tagged Climate scenarios, NetZero, Risk Management
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The Fed’s Climate Complacency
The US Federal Reserve’s new pilot climate scenario exercise for major US banks is likely to understate both the risks and opportunities of tackling climate change. The US Federal Reserve is being dangerously complacent about climate change. It understandably does … Continue reading
Posted in Banking, Climate Change, Sustainability
Tagged Extreme weather, Federal Reserve, NGFS, Risk Management, Scenarios, Uncertainty
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Climate – The Sting is in the Tails
Why increasing volatility in the weather has more immediate impact than global warming Scientists have long warned that climate change will adversely affect weather patterns and living conditions around the world. These warnings are turning into a painful reality. Worse, … Continue reading
Posted in Climate Change, Sustainability
Tagged Extreme weather, Forecasting, global economy, growth, Risk Management, Scenarios, Uncertainty
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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
Posted in Banking, Climate Change, Sustainability
Tagged Climate Change, COP26, Geo-politics, Policy, Scenarios, Stress Tests, Technology
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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
Posted in Climate Change, Inequality, Sustainability
Tagged 2050Challenge, COP26, Environmental Taxes, GreenCredits, NetZero, RoyalSociety, SharingEconomy
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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
“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
Posted in Climate Change, Pandemic, Sustainability
Tagged Build Back Better, Environment, fiscal policy, Tax
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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
Posted in Climate Change, Pandemic, Sustainability, US Election
Tagged Climate Change, COP26, Geopolitics, SDGs
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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
Posted in Politics, Sustainability
Tagged Communities, Globalization, Inequality, Pandemic, Policy, Politics, Sustainability
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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
Posted in Climate Change, Macroeconomics, Pandemic, Politics, Sustainability
Tagged Climate Change, Covid-19, Digital, Economics, employment, fiscal policy, Globalization, growth, Pandemic, Politics, Sustainability, Technology
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Mark Cliffe 