Financial Innovation and The State - Lessons for 21st Century Climate Finance from the 19th Century Railways Era: Extended Summary

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2 years 3 months
By Dipak Dasgupta (Board Member of Global Climate Fun, India) - This paper seeks to bring a historical perspective to current global financial architecture issues on the speed and scale of climate finance needed to achieve a safer two degrees world. We look back in history to a similar episode for lessons: the financing and building of railroads in the 19th century.

The EU’s Refugee Crisis

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2 years 3 months
The EU is confronted with an unprecedented influx of refugees. France Stratégie policy analyst Cécile Jolly explains the context of the crisis, the problems it poses for different Member States and how policy can be coordinated to foster integration.

Thinking ‘Eco-Systemically’ to Shift the Trillions

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2 years 4 months
A factor that clearly differentiates COP21 and COP15 in Copenhagen is the increasing mobilization of the financial sector. In the past months, financial actors have taken commitments and spoken out on climate-related topics. While only time will tell, it suggests that a tectonic shift is occurring. A number of financial actors are moving from a position of ‘neutrality’ to a recognition that climate-related issues will affect the financial sector – who in turn can influence the extent of climate change itself.

The costs of Grexit

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2 years 3 months
On February 24, following days of tense discussions, the new government in Athens reached an agreement with its eurozone creditors that includes a package of immediate reforms and a four-month extension of the financial assistance program. But, despite Europe’s collective sigh of relief, the compromise does not preclude the need for further tough negotiations on a new financial-assistance program that should be introduced by the end of June.

Reengineering Government

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2 years 3 months
Since the financial crisis erupted in 2008, governments in advanced countries have been under significant pressure. In many countries, tax receipts abruptly collapsed when the economy contracted, income dwindled, and real-estate transactions came to a halt. The fall in tax revenues was in most cases sudden, deep, and lasting. Governments had no choice but to raise taxes or to adjust to leaner times.

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