Principles for Addressing Climate Systemic Risks With Capital Buffers
Satoshi Ikeda and
Pierre Monnin | 10 October 2024
Monetary,
Policy Briefs | Tags:
Central Banks,
Climate Risks,
Financial Stability,
Financial Supervision,
Macroprudential Policy,
Systemic Risks
Some supervisors have started exploring and assessing the different macroprudential instruments available to address climate systemic risks. Systemic capital buffers emerge as one promising option among the different instruments in their toolkits.
... continue reading
Kenya’s Tax Expenditure Reports: A Comprehensive Review
Veronicah Ndegwa | 9 October 2024
Fiscal,
Blog | Tags:
Kenya,
Tax Expenditures
In Kenya, the main objectives of tax expenditures are to spur economic growth, increase investment, create employment and lower the cost of living. Other than these objectives being defined too broadly to support meaningful evaluation of tax expenditures, the government does not link the reported
... continue reading
Tax Expenditures Country Report: India
Priya Sahu | 7 October 2024
Fiscal,
Discussion Notes | Tags:
GTED,
GTETI,
India,
Tax Expenditures
India's tax landscape is intricate, with various direct and indirect taxes administered by different bodies, such as the Central Board of Direct Taxes (CBDT) and the Central Board of Indirect Taxes and Customs (CBIC). The introduction of the Goods and Services Tax (GST) in 2017
... continue reading
Economic Policies for Affordable, Secure and Clean Energy: Insights from the UK
Luke Hatton and
Patrick Lenain | 1 October 2024
Fiscal,
Policy Briefs | Tags:
Energy,
Fossil Fuel Subsidies,
Renewables,
United Kingdom
Transitioning to a more affordable, secure and clean energy system is a key priority for the UK government. Elected in July 2024, the new government led by Prime Minister Keir Starmer aims at making the country a “clean energy superpower”.
... continue reading
Unlocking a Sustainable Energy Future: Key Insights from the UK
Luke Hatton and
Patrick Lenain | 1 October 2024
Fiscal,
Blog | Tags:
Decarbonization,
Energy,
Fossil Fuel Subsidies,
Industrial Policy,
Renewables,
United Kingdom
The United Kingdom has made considerable strides in transforming its energy system. Since the early 1970s, the nation has reduced its primary energy consumption by one-fifth, even as its real GDP has nearly tripled. While low-carbon energy sources were once almost non-existent, they now account
... continue reading