n9ve - Nature, Ocean and Value’s Post

Mario #Draghi's recent report emphasizes the urgent need for the European Union (#EU) to adopt a robust strategy for #greengrowth and economic competitiveness. Key points from his pitch include: Draghi estimates that the EU needs to increase public #investments by approximately €750 billion to €800 billion annually, a level not seen since the post-World War II Marshall Plan. This #funding is essential to #transition to clean energy. A significant focus is placed on lowering energy prices to boost competitiveness and support the green transition. This includes #reducing #reliance on external suppliers, particularly for critical minerals sourced from #China. Draghi calls for a #unified approach to #financial markets to facilitate #capital raising for #green projects, alongside a reduction of #regulatory barriers that hinder innovation and the growth of technology sectors. The report highlights that the EU's economic growth is #lagging behind that of the U.S. and #China, threatening its geopolitical relevance. Draghi advocates for a comprehensive #foreign #economic policy to strengthen supply chains and reduce dependencies. Overall, #Draghi's proposals aim to position the EU as a leader in #greengrowth while ensuring its economic resilience and competitiveness on the #global stage

🌍 #Climatechange, #Manchurian #candidate: Where #India, #China figured in #Biden-#Trump debate US presidential candidates — incumbent Joe Biden and former President #DonaldTrump — sparred over #climatepolicy with India among the target countries, #trade, and China in sharp #exchanges filled with accusations. The candidates positioned themselves to show their toughness on foreign relations ahead of the #Novemberelection Read more: https://lnkd.in/dJv9hmtj Source: Firstpost #DonaldTrump #donaldtrump #DONALDTRUMP2024 #climateemergency #climatestrike #ClimateAction #climate #climatejustice #climatecrisis #climatefinance #climatechange #India #fundamentalrights #climatecontrol #GlobalTrends #investment

Interesting article - Thoughts? Joel Kotkin presents a compelling case about the economic risks Western nations face by overcommitting to green initiatives without balancing economic resilience. While the intent behind green policies is laudable, it's critical that they don't disproportionately harm the middle and working classes or place Western industries at a disadvantage compared to China. A more balanced approach—one that emphasizes innovation but maintains competitiveness—could help Western economies thrive while still addressing climate concerns.

US Treasury Secretary Yellen says global transition to low-carbon economy requires $3 TRILLION in new capital each year through 2050; that reaching net-zero emissions goals remains top priority for Biden-Harris. #energy #power #climate #economy #policy https://lnkd.in/eVr-JBfz

"As EU leaders wind down its #EUCO special summit today with a discussion about competitiveness, the need for faster growth and a more dynamic economy should be the key takeaway point." ✍️ @FredrikErixon on the current economic policy climate. Read his full personal newsletter ➡️ https://buff.ly/446dJLx

Delivering economic growth that is socially inclusive, low-carbon + resilient to climate will require countries to transform their economies. A recent One Earth journal article outlines the role of the Bretton Woods Institutions: https://lnkd.in/dtpJsZ_Z

In his first major foreign policy speech at Kew Gardens on Tuesday, David Lammy emphasised the urgent need for the UK to place climate at the centre of its foreign policy agenda. #UNGA79 is an opportunity for world leaders to coalesce with political resolve in demonstrating why climate action is a must-have – not a nice-to-have – priority for governments. 🌿 Why #ClimateAction is crucial: 🛡️Global Security: Climate change exacerbates conflicts, drives displacement, and threatens stability. Prioritising climate action can help mitigate these risks and enhance global security. 📈Global Economic Opportunity: According to the IMF, transitioning to net zero could boost global GDP by 7% and add $43 trillion to the global economy by 2070. Conversely, inaction could cost $178 trillion. Investing in green technologies and sustainable infrastructure is key to future economic growth. 🤝International Cooperation: Climate change demands a unified global response. In a recent survey, over 80% of people worldwide want their governments to enhance climate action and collaborate across borders. # UNGA79 is a pivotal moment to show commitment to climate ambition and international cooperation. Amidst the many pressing issues at play, world leaders must maximise the UNGA moment to showcase climate action remains a key priority. Not only will this demonstrate that international cooperation works at a time when it’s needed more than ever, but it will also show a commitment to a sustainable and secure future, harness the immense opportunities of a green economy, and prevent the far greater human, economic, and environmental costs of inaction. 🔗Read more on this in Kaysie Brown's latest blog here: https://lnkd.in/eS5pUuSd

🌻🌄 If developing countries could shape their own policies, climate investments would drive job creation and inclusive growth. Governments that are being asked to green their economies need flexible financing at concessional rates. They also would benefit from progressive national and international tax schemes that build on recent successes such as the UN Tax Convention, an effort led by developing countries to democratize tax rules and claw control away from closed shops like the OECD.

Read Laura Carvalho from Open Society Foundations: “The waning of neoliberalism gives developing and emerging economies a chance to cooperate on the design of a new paradigm. By devising state-led models that link green strategies with socioeconomic development, they can shield the climate agenda from attacks by authoritarian opportunists. Just as there are different types of capitalism, there are different paths to green development. … We can build a new world of climate justice and social equity on the ruins of neoliberalism. To succeed, we need new economic structures that are informed, actively shaped, and maintained by low- and middle-income countries. A fairer global order requires more robust, proactive states that can design and implement policies to drive economic growth, job creation, inequality reduction, and decarbonization.” Yes, there’s hope.

Super interesting! EU Policy Priorities: How to Ensure Europeʼs Competitiveness and Future Prosperity? by econpol Forum. "Europe, which was at the forefront of industrial development and innovation in the last century, has become less competitive and its place in the new world order is no longer secure. The US, China, and some emerging economies have already overtaken the EU in many international indicator rankings, while climate change mitigation and digital transformation will continue to influence the next era of prosperity" Articles by David Pinkus, Jean Pisani-Ferry, Simone Tagliapietra, Reinhilde Veugelers, Georg Zachmann and Jeromin Zettelmeyer, Frédéric Gonand, Pedro Linares, Andreas Löschel, David Newbery, Karen Pittel, Julio Saavedra and Georg Zachmann, Giuseppe Bertola, Georg Duernecker, Fredrik Erixon, Oscar Guinea and Oscar du Roy, Maria Savona, Iain Begg and Daniel Cicak, Roel Beetsma and Marco Buti https://lnkd.in/e6RR_dRk