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Let the WTO referee carbon border taxes

Perhaps the most important task confronting the international order is enforcement of national limits on greenhouse-gas emissions, such as those that were negotiated in the 2015 Paris agreement. Carbo ...More

EJ Insight2022-11-30

Faking it, making it, losing it

The collapse of cryptocurrency exchange FTX and the mesmerizing rise and fall of its founder, Sam Bankman-Fried, is only the most recent episode encapsulating the perils of financial innovation. At th ...More

EJ Insight2022-11-29

Will crypto survive?

The epic collapse of wunderkind Sam Bankman-Fried’s $32 billion crypto empire, FTX, looks set to go down as one of the great financial debacles of all time. With a storyline full of celebrities, polit ...More

EJ Insight2022-11-28

The case for mandating climate-risk disclosure

Climate change is usually thought of as an environmental problem. But it also poses serious threats to businesses, investors, and the financial system. In the United States, the Securities and Exchang ...More

EJ Insight2022-11-28

Reimagining global connections

Europe is facing disruptions to its energy supplies. The Middle East and Africa are grappling with grain shortages. And virtually everyone has been struggling to get their hands on semiconductors. As ...More

EJ Insight2022-11-24

Facebook is failing journalists

On January 29, 2018, the prominent Berlin-based Azerbaijani news site Meydan TV had its Facebook page hacked for the first time. The attackers removed all admin accounts, deleted all content, and remo ...More

EJ Insight2022-11-24

Think again about persistent inflation, and the non-partisan Fed

Two days after the midterm elections in the United States, the Financial Times reported that US inflation has slowed, markets are “giddy,” and the Federal Reserve may now ease up on its interest-rate ...More

EJ Insight2022-11-23

A Liz Truss moment for Japan?

Former British Prime Minister Liz Truss’s disastrous mini-budget, which crashed the pound and ended her tenure after just 44 days, has quickly become a cautionary tale for policymakers around the worl ...More

EJ Insight2022-11-22

The World Cup and the world economy

The 22nd World Cup is under way, but who at the beginning of this century would have thought it might be hosted by tiny Qatar? Yet here we are, and the only surprise is that it doesn’t feel all that s ...More

EJ Insight2022-11-22

Who pays for climate change?

If there is one issue that has taken center stage at this year’s United Nations Climate Change Conference (COP27), it is money. Delegates, climate activists, and the rapidly increasing number of priva ...More

EJ Insight2022-11-18

Make COP27 a turning point for food systems

Decades of progress on reducing food insecurity are being reversed. The number of undernourished people is rising again, and in Africa alone, 310 million people are projected to be chronically hungry ...More

EJ Insight2022-11-18

The EU’s trillion-euro question

Russia’s invasion of Ukraine has thrown the European Union into yet another full-blown economic and political crisis. But while the war is the immediate cause of soaring gas, fuel, and electricity pri ...More

EJ Insight2022-11-17

Nuclear power is not the answer

Just as Russia’s invasion of Ukraine has highlighted Europe’s dangerous dependence on fossil fuels, increasingly frequent and intense climate-driven weather events are highlighting the death and destr ...More

EJ Insight2022-11-16

Green power is the first domino

As world leaders convene at the United Nations Climate Change Conference (COP27), it is obvious to all that bolder action is needed to avert disaster. The UN warns that global efforts to reduce greenh ...More

EJ Insight2022-11-14

Dread or hope at COP27?

Ask two different climate experts at the United Nations Climate Change Conference in Egypt (COP27) to characterize their feelings about the future, and you may get quite different answers. “We are see ...More

EJ Insight2022-11-11

The trilemma of central bank digital currencies

Central banks around the world continue to contemplate issuing their own digital currencies (CBDCs). Some have already taken steps in this direction. The People’s Bank of China launched a trial of its ...More

EJ Insight2022-11-11

It’s the energy system, stupid

Ordinary people around the world are suffering from two massive, overlapping problems: surging living costs and the fallout from a rapidly warming climate. In the Horn of Africa, 22 million people are ...More

EJ Insight2022-11-10

The age of megathreats

A variety of megathreats is imperiling our future – not just our jobs, incomes, wealth, and the global economy, but also the relative peace, prosperity, and progress achieved over the past 75 years. F ...More

EJ Insight2022-11-09

Russians’ struggle: Should I stay or should I go?

It is not exactly clear how many Russians have left their country since the beginning of the war on Ukraine. Some say more than a million, some say less. But sheer numbers may be less important than t ...More

EJ Insight2022-11-08

How developing countries can reach net zero

The world’s developing economies are gearing up for a fight ahead of next month’s United Nations Climate Change Conference (COP27) in Egypt. The gathering will provide low- and middle-income countries ...More

EJ Insight2022-11-07

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