Opinion

For Europe, an oil embargo is not the way to go

Even at this late hour, the European Union should consider taking a different path.

By: , and Date: May 9, 2022 Topic: Global economy and trade

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Policy Contribution

European governance

Legal options for a green golden rule in the European Union’s fiscal framework

In this Policy Contribution, we compare these two proposals in terms of their treatment under the current EU fiscal rules, and analyse the legal options for their introduction in the EU fiscal framework. We start with a brief review of the rationale for a green golden rule and then discuss legal options.

By: Zsolt Darvas Topic: European governance, Green economy Date: July 12, 2022
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Blog Post

European Union demand reduction needs to cope with Russian gas cuts

Without Russian gas, the European Union would have to reduce demand by approximately 15%, with big differences between different parts of Europe

By: Ben McWilliams and Georg Zachmann Topic: Green economy Date: July 7, 2022
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Past Event

Past Event

Green public investment after COVID-19

How can the public sector meet the climate funding needs of the EU?

Speakers: Zsolt Darvas, Elena Flores, Louise Skouby and Laurent Zylberberg Topic: Macroeconomic policy Location: Bruegel, Rue de la Charité 33, 1210 Brussels Date: July 5, 2022
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Policy Contribution

How to make the EU Energy Platform an effective emergency tool

The EU Platform could become an effective emergency tool to safeguard Europe’s security of gas supply in case of a sudden interruption of Russian gas flows, but policymakers need to address challenges to make it work.

By: Walter Boltz, Klaus-Dieter Borchardt, Thierry Deschuyteneer, Jean Pisani-Ferry, Leigh Hancher, François Lévêque, Ben McWilliams, Axel Ockenfels, Simone Tagliapietra and Georg Zachmann Topic: Green economy Date: June 16, 2022
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Blog Post

Food security: the role and limits of international rules on export restrictions

Food and fertiliser export restrictions are exacerbating the current food price crisis. The WTO and EU legal toolkits provide some safeguards but are insufficient. Unblocking Ukrainian ports and facilitating wheat exports through large-scale international coordination remains essential.

By: David Kleimann Topic: Global economy and trade Date: June 8, 2022
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Podcast

Podcast

Is China bailing Russia out?

The mystery of China-Russia economic relations in the aftermath of Russia’s invasion of Ukraine and what it means for Europe.

By: The Sound of Economics Topic: Global economy and trade Date: June 8, 2022
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Blog Post

Europe’s Russian oil embargo: significant but not yet

The ban on most Russian oil significantly scales up the EU response to aggression against Ukraine, but the bloc should stand ready for retaliatory actions.

By: Ben McWilliams, Simone Tagliapietra and Georg Zachmann Topic: Green economy Date: June 1, 2022
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Podcast

Podcast

An embargo on (most) Russian oil

A timely reflection on the EU’s latest round of sanctions banning Russian oil imports.

By: The Sound of Economics Topic: Green economy Date: May 31, 2022
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External Publication

Economics of access to energy

This chapter discusses the key obstacles that have so far prevented 840 million people worldwide from gaining access to electricity.

By: Giacomo Falchetta and Simone Tagliapietra Topic: Green economy Date: May 30, 2022
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Blog Post

REPowerEU: will EU countries really make it work?

By acting together, the European Union can optimise its response to the energy crisis in all scenarios but each country will have to make concessions.

By: Simone Tagliapietra Topic: Green economy Date: May 18, 2022
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Blog Post

The EU needs transparent oil data and enhanced coordination

The EU lacks the coordination structure and transparent data necessary to most effectively navigate an embargo on Russian oil.

By: Agata Łoskot-Strachota, Ben McWilliams and Georg Zachmann Topic: Global economy and trade, Green economy Date: May 16, 2022
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Blog Post

Now is not the time to confiscate Russia’s central bank reserves

The idea of confiscating the Bank of Russia’s frozen reserves is attractive to some, but at this stage in the Ukraine conflict confiscation would be counterproductive and likely illegal.

By: Joshua Kirschenbaum and Nicolas Véron Topic: Banking and capital markets, Global economy and trade Date: May 16, 2022
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