Climate economics Nobel may do more harm than good
There are many reasons humanity has failed to rein in climate change despite decades of dire warnings. The inertia of an energy system overwhelmingly powered by oil, gas and coal;…
The global economic response to climate change: what’s the plan?
World leaders participating in the virtual Earth Day summit are unanimous: fighting climate change will be good for economic growth worldwide. US President Joe Biden, Chinese President Xi Jinping and…
Economic architecture
THE US is having second thoughts about the Washington Consensus it had evolved in the 1990s. At that time, the Cold War with the Soviet Union had just ended, and…
Global economic crisis: Neoliberalism, debt sustainability, SDRs, and multilateralism
The global economy is facing existential threats of climate change and Pandemicene crises. The underlying basis for the perpetuation and hastening of both the crises is Neoliberalism. Here, it needs…
The climate issue
The Pakistan Metrological Department has released its monthly report for March, which discloses that 42 per cent more rainfall occurred in March than average. Last year, Pakistan bore the brunt…
Reviewing Pakistan’s climate action
It is gratifying to see that the National Security Dialogue, which has emerged as an important national security forum, will address the existential threat of climate change at its third…
Economic stress
Since around September 2021, and especially since April last year, economic stress has come to Pakistan from a number of sources. First is political instability for many months now, which…
Case for climate-debt swaps
Pakistan has a debt problem. It also has an energy problem. Without solving the debt and energy problem, it is not possible to get on a sustainable growth trajectory and…
A retarding economic growth outlook: IMF and ‘Chicago boys’ in a fix
‘The International Monetary Fund war-ned that its outlook for global economic growth over the next five years is the weakest in more than three decades, urging nations to avoid economic…
Climate-hit island pushes to reshape World Bank, IMF
While conflict and inflation will dominate World Bank spring meetings next week, campaigners are pushing for a redesign of global financial architecture to help countries cope with climate change. Experts…
