International Economics: IB Economics

With the support of Austria's Federal Ministry of Finance and the World Bank, the Climate Support Facility's Western Balkans Plus Program has been promoting climate action and green growth across the countries of the Western Balkan Six since 2020 and expanded its activities intro Central Asia in 2023. This program shows that international collaboration, innovation, and timely funding can enable countries to address crucial climate and environmental challenges and build a more sustainable, resilient future for all.

With debt rising and prices spiralling up, households are going to find it harder to fork out for the necessities, let alone any luxuries, and politicians are worried

China’s economy grew much faster than expected at the start of 2024 - up by 5.3% - boosted by its focus on green manufacturing. The country has invested in producing high end products such as electric vehicles, batteries and solar panels which are sold around the world. But that has led to tensions with the West, with other countries fearing they are becoming too reliant on hi-tech Chinese goods which are essential to a low-carbon future. The US and the EU accuse China of unfairly subsidising these industries, allowing them to flood the world market with cheap green goods.