International Economics: IB Economics
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International Economics: IB Economics
Economy
A collection of articles relating to the 'international' elements of Economics and relating to IB, Pre-U and A-Level Economics.
Curated by Graham Watson
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World’s coal power capacity rises despite climate warnings | Coal | The Guardian

World’s coal power capacity rises despite climate warnings | Coal | The Guardian | International Economics: IB Economics | Scoop.it
From www.theguardian.com - April 11, 2:45 AM
Increase of 2% last year driven by plant expansion in China and slowdown in US and Europe closures
Graham Watson's insight:

It seems as though global commitments to reduce fossil fuel consumption are weakening with the news that coal power capacity rose over the last year, largely driven by China. However, there's been a slowdown in the decommissioning of European coal-fired power stations, presumably as a result of the Ukraine war. 

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How cruise ships became a catastrophe for the planet | It's Complicated - YouTube

From www.youtube.com - March 8, 12:21 PM

Cruising is booming – 2023 ticket sales have surpassed historic levels and 2024 has seen the launch of the largest cruise ship ever built. But as cruise tourism's popularity has increased, so have the pollution problems it brings. To customers, it may not be evident that any problems exist, since some cruise line companies claim to be becoming more climate-friendly. The truth can be quite different. Josh Toussaint-Strauss interrogates what impact the world's biggest ships are having on the planet.

Graham Watson's insight:

Cruise ships and the companies that run them are being accused of greenwashing in this Guardian clip, that looks at Royal Caribbean's Icon of the Seas, and the history of cruising and its environmental impact.

 

Despite the fact that companies are vaunting their green credentials, it seems that not all is what it seems. 

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China’s carbon emissions set for structural decline from next year | Energy industry | The Guardian

China’s carbon emissions set for structural decline from next year | Energy industry | The Guardian | International Economics: IB Economics | Scoop.it
From www.theguardian.com - November 13, 2023 3:16 AM
Emissions by world’s most polluting country could peak this year after surge in clean energy investments
Graham Watson's insight:

It seems that this year is going to represent peak carbon emissions for the Chinese economy, with emissions then declining, according to Carbon Brief. This largely due to the fact that China has invested so much in renewable energy.  

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Towards Sustainability and Resource Efficiency in Solid Waste Management in Gaza

From www.youtube.com - September 2, 2023 5:33 AM

Increased population and urbanization in the Palestinian territories have led to increased waste generation, with a per capita solid waste generation higher than the worldwide average. Most of the landfills are already forced to function over-capacity and the situation will worsen if the current trend continues without any efforts to recycle and treat waste before disposal. The video presents a successful World Bank-Donor intervention in Gaza benefiting about one million citizens and recommends a more comprehensive approach to waste management across the whole solid waste service chain.

Graham Watson's insight:

This World Bank clip looks at how their involvement in waste management and Gaza, and the impact of inefficient waste management on carbon emissions. At present, waste is the 2nd highest source of carbon emissions and their are remarkably low levels of sustainability. This clip highlights a number of ways that this can be tackled in a sustainable fashion. 

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The pendulum swung against globalisation in 2022 – and that’s no bad thing | Larry Elliott | The Guardian

The pendulum swung against globalisation in 2022 – and that’s no bad thing | Larry Elliott | The Guardian | International Economics: IB Economics | Scoop.it
From www.theguardian.com - December 27, 2022 6:32 AM
Climate crisis, Ukraine invasion and China-US tensions are challenging assumption free markets are best
Graham Watson's insight:

Larry Elliott reflects on the prevailing tendency which has seen the end of hyperglobalisation, and nations becoming more cautious as regards trade. It has seen increased international tensions, and moves towards shortening global supply chains and increasingly interventionist industrial policy, looking at protecting domestic industry. 

 

He argues that there are costs - higher prices, for one - but that, on balance, there are more positives than negatives, lower carbon emissions being prominent. 

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Scooped by Graham Watson
Scoop.it!

SCALE: Scaling Climate Action by Lowering Emissions

From www.youtube.com - November 15, 2022 1:57 AM

Scaling Climate Action by Lowering Emissions (SCALE), a multi-donor fund, seeks to catalyze transformative climate action by deploying results-based climate finance, helping to bridge the financial gap by supporting countries to access international carbon markets.

Graham Watson's insight:

The World Bank is attempting to encourage sustainable development and lower emissions by creating a new programme to help finance climate action: SCALE.

 

The purpose is to help economies hit climate change targets, protect carbon-friendly environments, decarbonise industry and move to more sustainable forms of development that don't imperil the environment.  

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Cop26 will be derailed unless the rich world meets its obligation to the poor | Larry Elliott | The Guardian

Cop26 will be derailed unless the rich world meets its obligation to the poor | Larry Elliott | The Guardian | International Economics: IB Economics | Scoop.it
From www.theguardian.com - November 4, 2021 5:09 AM
It’s no use telling developing nations to decarbonise. The west must accept it bears the bulk of the blame for the climate crisis, says Guardian economics editor Larry Elliott
Graham Watson's insight:

Excellent Larry Elliott piece about the real issue that underpins all of the COP26 debates. It's history, and the ability of the West to effectively 'export' dirty manufacturing activity to developing economies than means that any attempts to tell developing nations to decarbonise are hypocritical in the extreme. 

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IEA: Green energy needed to avoid turbulent prices

IEA: Green energy needed to avoid turbulent prices | International Economics: IB Economics | Scoop.it
From www.bbc.co.uk - October 13, 2021 1:08 PM
A failure to invest in green energy may mean more energy price swings says the energy agency chief.
Graham Watson's insight:

The International Energy Agency have warned that the next few years could see continued volatility in energy markets as a result of a failure to invest in green energy. It also suggests that there needs to be a concerted effort to make larger emissions cuts than are currently pledged if we are to meet climate change targets. 

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Carbon Pricing and International Carbon Market Readiness: Mitigation Action Assessment Protocol

From www.youtube.com - June 8, 2021 3:33 PM

The World Bank developed the Mitigation Action Assessment Protocol (MAAP) to measure, compare and benchmark the relative performance and risks of climate actions. MAAP has four modules that focus on project or program-level assessments, specifically in relation to mitigation action design, capacity of the management entity, financial sustainability of the mitigation activity, and development benefits. 

Graham Watson's insight:

More gold from the World Bank, with the World Bank looking at climate change, the impact of different approaches to carbon pricing and how to co-ordinate this. 

 

In essence, the Mitigation Action Assessment Protocol (MAAP) is trying to establish best practice and use contextual knowledge to seek the best solutions for individual economies' carbon reduction policies. 

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U.S. climate czar makes economic case for going green

From www.youtube.com - April 23, 2021 2:50 AM

U.S. climate envoy John Kerry said there is a global push for reducing carbon emissions and going green, noting that 'no politician' could change what's now happening globally in the marketplace.

Graham Watson's insight:

This Reuters clip features John Kerry explaining why the US commitment to halve carbon emissions by 2030 is so important. It's about leadership, but he argues it's also about seizing economic opportunity. 

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U.S. pledges to halve its emissions by 2030

From www.youtube.com - April 22, 2021 4:33 PM

President Joe Biden set an ambitious goal to slash emissions by 50% by 2030, aimed at spurring other nations to do likewise.

Graham Watson's insight:

Wow! Now there's a volte face - with President Biden announcing that the US will try to reduce carbon emissions by 50% in the next decade, in complete contrast to the views of his predecessor. 

 

It's yet another attempt at ensuring that the United States reclaims its position as a global leader in all sorts of spheres. 

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Carbon emissions to soar in 2021 by second highest rate in history | Greenhouse gas emissions | The Guardian

Carbon emissions to soar in 2021 by second highest rate in history | Greenhouse gas emissions | The Guardian | International Economics: IB Economics | Scoop.it
From www.theguardian.com - April 20, 2021 2:47 AM
Global economies forecast to pour stimulus money into fossil fuels as part of Covid recovery
Graham Watson's insight:

And yet for all the rhetoric about reducing carbon emissions, the reality is somewhat other, with the International Energy Agency warning that 2021 is likely to see carbon emissions rise by the second highest rate in history, albeit from a level dictated by the pandemic. 

 

That said, there's also concern that the recovery will, in part, be driven by investment in fossil fuels. 

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The race to zero: can America reach net-zero emissions by 2050? | US news | The Guardian

The race to zero: can America reach net-zero emissions by 2050? | US news | The Guardian | International Economics: IB Economics | Scoop.it
From www.theguardian.com - March 16, 2021 3:47 AM
Joe Biden wants zero emissions by 2050, but time is ticking. So how will the country have to change over the next 30 years?
Graham Watson's insight:

Excellent but complex long read in the Guardian that looks at how the US might look to reach net zero carbon emissions by 2050. It highlights a range of areas: electricity generation, electric vehicles, increased domestic energy efficiency and the need for nationwide carbon capture and storage. 

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What does Tesla’s sale decline reveal about the global electric car revolution? | BBC Newsnight - YouTube

From www.youtube.com - April 5, 5:40 AM

Click here to edit the Tesla’s sales have dipped so far this year, but prices for electric cars are coming down as more come on to the second-hand electric vehicle market. Newsnight’s Ben Chu has been crunching the numbers on what’s happening in the EV market, looking at what effect politics has had and how fast different countries are moving towards using electric cars.

Graham Watson's insight:

Is there a significant issue for the adoption of electric vehicles - well, if looked at globally, it's less worrying than Tesla's recent sales figures suggest. 

 

Perhaps the biggest issue driving this is a fall in electric car prices, with Tesla and BYD accepting lower prices, and profit margins in trying to grow sales. It also highlights differences between the level of uptake across the globe with Norway leading the way.  

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COP28: Is the world about to promise to ditch fossil fuels?

COP28: Is the world about to promise to ditch fossil fuels? | International Economics: IB Economics | Scoop.it
From www.bbc.co.uk - December 6, 2023 2:56 AM
COP28 host country the United Arab Emirates is "cautiously optimistic" on a deal to at least reduce them.
Graham Watson's insight:

Not much in the way of economic theory, but perhaps an indication of the future direction of travel, with the UAE, hosts of COP28, seemingly looking to get international agreement on reducing, and even committing to ditching fossil fuel use.

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Agribusiness companies are helping South Africa improve water and energy efficiency

From www.youtube.com - September 7, 2023 2:17 AM
Since 2019, IFC’s Agri-Processing Resource Efficiency (APRE) program has been supporting South African agribusiness companies to improve resource efficiency and enable the sector to flourish, create more jobs and boost sustainable economic growth. The APRE program is supported by the Swiss State Secretariat for Economic Affairs (SECO).
Graham Watson's insight:

This IFC clip shows how agribusinesses are making South Africa's agriculture sector more water efficient - at present, farming consume around two-thirds of the country's water. Firms such as Westfalia fruit, a major supplier of avocadoes, are looking at making agriculture more sustainable and in partnership with the IFC at looking to strengthen public-private partnerships. 

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Shipping emissions levy delayed but goals for greenhouse gas cuts agreed | Shipping emissions | The Guardian

Shipping emissions levy delayed but goals for greenhouse gas cuts agreed | Shipping emissions | The Guardian | International Economics: IB Economics | Scoop.it
From www.theguardian.com - July 7, 2023 9:53 AM
International Maritime Organization agreement is inadequate to decarbonise sector, say campaigners
Graham Watson's insight:

It seems as though there are co-ordination problems present in the shipping sector, with the International Maritime Organization (IMO) unable to reach agreement over emissions levies for the sector, although it seems as though there has been agreement over goals for greenhouse gas cuts.  

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Accelerating Sustainable Finance Ep 1: The Required Business Transformation

From www.youtube.com - November 21, 2022 2:02 PM

As the climate crisis intensifies, the financial sector has been quick to make commitments to achieve net zero, but how can these pledges be translated into tangible actions? Mark Carney, the UN Special Envoy for Climate Action and Finance shares his insights on how a revolution is taking place in financial systems.

Accelerating Sustainable Finance is a four episode series that profiles global thought leaders on how finance can mobilize to achieve net zero. The episodes explore topics such as the required business transformation, opportunities presented by technology, the net zero transition in emerging markets and the key role of market infrastructures.

Graham Watson's insight:

One of the key areas where there's been significant global progress is in trying to shift the emphasis in global finance towards climate change and extreme weather events. Here, Mark Carney - remember him - looks at how the World Economic Forum has started to make progress in this area. 

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Can South Africa embrace renewable energy from the sun?

Can South Africa embrace renewable energy from the sun? | International Economics: IB Economics | Scoop.it
From www.bbc.co.uk - November 23, 2021 9:27 AM
South Africa's main electricity company Eskom plans to switch from using coal to renewable energy.
Graham Watson's insight:

Is South Africa capable of going green and rolling out a series of renewable energy projects? This article highlights its ambitious goal of closing the vast majority of its coal-fired plants by 2050, and in their place spending $35 million on renewable energy.

 

This would be good news for the environment, as the country's the 12th largest emitter of greenhouse gases, but given Eskom's current $27 billion debt, and lack of ability to invest in its current infrastructure, there are doubts about whether it will be capable of overseeing this change. 

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How can Europe tackle climate change? - BBC News

From www.youtube.com - October 20, 2021 8:48 AM

Climate change needs to be tackled by a global effort, with the countries creating the biggest emissions required to make the biggest adaptations.

The EU and UK create more than 7% of CO2 emissions worldwide.
Almost 200 countries are being asked for their plans to cut emissions at the upcoming COP26 climate conference, and it could lead to major changes to our everyday lives.

Graham Watson's insight:

This BBC clip looks at the contribution of the UK and the EU to carbon emissions, as well as what Europe has done to tackle this - in wanting to become the first continent to become carbon neutral. 

 

It looks at the policies already adopted, and the need for further change, not least to the existing carbon market and emissions trading. 

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Hydrogen: how to harness a superfuel | FT Energy Source

From www.youtube.com - September 1, 2021 3:04 AM

There are high hopes that the most abundant element in the universe could solve the world’s energy problems. But as the FT’s Myles McCormick explains, separating the gas into a fuel fit to produce clean power for all remains a complicated and very expensive process

Graham Watson's insight:

Is there a role to play for hydrogen in providing a green fuel source: the Financial Times, and its sponsor Iberdrola think so. 

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Biden’s pledge to slash US emissions turns spotlight on China | Coal | The Guardian

Biden’s pledge to slash US emissions turns spotlight on China | Coal | The Guardian | International Economics: IB Economics | Scoop.it
From www.theguardian.com - April 23, 2021 4:43 PM
World leaders will be unable to halt climate breakdown without strong action from biggest emitter
Graham Watson's insight:

And here's one of the reasons why President Biden has taken such a pro-active position regarding US carbon emissions. In doing so, he increases the pressure on China to follow suit, and if it doesn't, well, it might be to China's short-term advantage. 

 

But it probably isn't in the longer-term, and equally, it allows America to assert moral leadership on this issue which is likely to become ever more pressing. 

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Biden vows to slash US emissions by half to meet ‘existential crisis of our time’ | Biden administration | The Guardian

Biden vows to slash US emissions by half to meet ‘existential crisis of our time’ | Biden administration | The Guardian | International Economics: IB Economics | Scoop.it
From www.theguardian.com - April 22, 2021 4:45 PM
Move comes as the US scrambles to regain international credibility after the climate denialist presidency of Donald Trump
Graham Watson's insight:

More on Joe Biden's pledge to halve US carbon emissions by 2030 in response to the threats posed by climate change. 

 

It really is a remarkable turnaround in the face of the previous four years. 

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Climate change: Shipping industry calls for new global carbon tax

Climate change: Shipping industry calls for new global carbon tax | International Economics: IB Economics | Scoop.it
From www.bbc.co.uk - April 21, 2021 4:24 PM
The global shipping industry wants governments to tax their carbon emissions as they try to tackle climate change
Graham Watson's insight:

Rarely in this life do turkeys vote for Christmas - so when the global shipping industry is calling for a new global carbon tax, you have to wonder why - not least because shipping isn't included in the Paris climate change agreement. 

 

However, the UN body responsible for regulating the seas, the International Maritime Organisation (IMO), is targeting cuts in greenhouse gas emissions by 2050.

 

Some see the role of the Biden administration in the US, in signalling a willingness to tackle climate change more generally, may have driven this change.  

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Joe Biden to reveal US emissions pledge in key climate crisis moment | Climate change | The Guardian

Joe Biden to reveal US emissions pledge in key climate crisis moment | Climate change | The Guardian | International Economics: IB Economics | Scoop.it
From www.theguardian.com - April 19, 2021 11:48 AM
President will also call on major economies to join him in bold action at virtual summit of 40 world leaders
Graham Watson's insight:

Is Joe Biden preparing to take the lead in global climate change talks, by making a key emission pledge at COP26? Certainly some campaigners are hoping that hid envoy, John Kerry announces a sufficiently bold Nationally Determined Contribution (NDC) to force others into a more pro-active position on the issue.  

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