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Home EnvironmentClimate EU shouldn’t lead Ukraine’s reconstruction, Biden will have to get creative on climate goals, and more

EU shouldn’t lead Ukraine’s reconstruction, Biden will have to get creative on climate goals, and more

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EU shouldn’t lead Ukraine’s reconstruction

By Mark Sobel

Nothing should distract the global community from stopping Russia’s heinous aggression against Ukraine and providing essential near-term support to keep Ukraine’s government running. However, planning for the country’s reconstruction should be undertaken, even if the ultimate dimensions and costs are unknown. The European Union should absolutely play a prominent role, but putting Brussels in charge of reconstruction might not be in Ukraine’s best interests.

 Biden will have to get creative on climate goals
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By Sarah Moloney
In its 30 June ruling, the US Supreme Court restricted the Environmental Protection Agency’s ability to limit greenhouse gas emissions. The 6-3 verdict, coming from the second-highest greenhouse gas emitter in the world, has global implications for climate goals. 
 
 MEETINGS 
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The implications of Germany’s draft budget and response to the energy crisis
Tuesday 26 July, Roundtable
Otmar Issing, the first chief economist of the European Central Bank, joins OMFIF to discuss budgetary implications and policies for curbing inflation in Germany. 
 
 ON DEMAND 
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UK economic landscape
Andrew Bailey, governor of the Bank of England, discusses how the impact of Covid-19 and the influence of longer-term structural forces will affect the economic landscape and policy-making in the years to come. 
 
 LATEST REPORT
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Global Public Investor 2022
More than 75% of the central banks surveyed for the 2022 edition of Global Public Investor believe inflation will be sustainably higher or more volatile for a prolonged period. Just 20% of reserves managers think inflation will be transitory.

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