European equity markets lag behind their American counterparts and draw relatively limited interest from insurance companies and pension funds. Getting this capital off the sidelines and into growing companies is one of the main goals of the European Union’s capital...
Brueguel
The EU green bond standard: sensible implementation could define a new asset class
The European Commission’s proposal for a European Union green bond standard, published 6 July, comes at a time when issuance of green bonds is booming, with the bulk being issued and traded within the EU. Demand for such assets by investors is similarly strong, though...
A Global Deal for Our Pandemic Age
Read the full report of the G20 High Level Independent Panel on Financing the Global Commons for Pandemic Preparedness and Response. The High Level Independent Panel was asked by the G20 in January 2021 to propose how finance can be organized, systematically and...
A breakdown of EU countries’ post-pandemic green spending plans
Policymakers have made a clear commitment to use the European Union’s post-pandemic recovery plan, Next Generation EU, to accelerate the bloc’s green transition. The underlying idea is simple: seize a moment of unprecedented economic and social disruption to reinforce...
The risks from climate change to sovereign debt in Europe
The author is a Professor at the University of Cyprus and Member of the Cyprus Academy of Sciences, Letters and Arts. Thanks are due to Roel Beetsma, Zsolt Darvas, Maria Demertzis, Demetris Georghiades, Barret Kupelian, Alexander Lehman, André Sapir, Rolf Strauch,...
Who should pay the climate bill?
A Greek language version of this piece was published in the Money Review section of Kathimerini and a Spanish version by El Economista. The world’s annual global carbon emissions grew by 60% between 1990 and 2015, according to the Stockholm Environment Institute. In...
CCP’s 100th Anniversary: Reflecting and looking forward
This episode is part of the ZhōngHuá Mundus series of The Sound of Economics. ZhōngHuá Mundus is a new newsletter by Bruegel, bringing you monthly analysis of China in the world, as seen from Europe. Check the previous editions of ZhōngHuá Mundus Sign up for the...
How have the European Central Bank’s negative rates been passed on?
Since the global financial crisis, several central banks have deployed negative policy rates, after exhausting conventional easing measures. The European Central Bank introduced its negative interest rate policy (NIRP) in June 2014 when it cut its deposit facility...
Banks post-Brexit: regulatory divergence or parallel tracks?
Brexit has already done considerable damage to the United Kingdom’s financial sector. The EU-UK Trade and Cooperation Agreement did not secure continued market access for UK-based banks to the European Union’s financial sector, as access will depend on future...
Designing a hybrid work organisation
With the end of the pandemic in sight, organisations are rethinking when and where their employees will work. Over half of office workers want to keep working remotely for three or more weekdays and while employer enthusiasm is somewhat lower, this does seem feasible...
The End of Globalization as We Know It
Read the piece published by Project Syndicate.
Commercialisation contracts: European support for low-carbon technology deployment
The authors wish to thank Natalia Fabra, Pedro Linares, Jörn Richstein and Oliver Sartor for helpful comments. Many of the technologies that can help the European Union become a net-zero emissions economy by 2050 have been shown to work but are not yet commercially...