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Global environmental emergencies such as climate change call for us to put our money where our mouth is. An increasing number of governments, companies and financial institutions have committed to reach net zero emissions by 2050. Is that enough to help us meet the goal of the Paris Agreement of limiting the average global temperature increase to 1.5 °C? If not, what more can be done to bridge this gap? That's where Transition Finance steps in. Transition finance will be one of the key topics discussed at the upcoming OECD Forum on Green Finance and Investment (5-7 October 2022). Listen in to learn about transition finance - what it is, why it is needed and what the key challenges are.
One country that symbolised the crisis of the last 10 years was Greece. Its insolvency embarked the country on a long regime of bail-outs and austerity. This August, Greece officially emerged from the crisis, with the OECD forecasting GDP growth again. So, did the austerity work? The former Greek finance minister and co-founder of the Democracy in Europe Movement (DiEM) remains unconvinced. Mr Varoufakis was a guest at the OECD’s “10 years after the crisis” conference.
Ten years after the crisis: Regulate, yes, but how much?
Economic historian Michael Bordo reflects on the state of play 10 years after the Lehman Brothers failure and warns against the temptation to over-regulate.