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AuthorsChami AbdelilahDerj AtarHammi IbtissemMorazzo MarianoNaciri Yassinewith the technical support of AFRYJuly 9, 2021The consequences of climate change are becoming progressively more visible in Morocco. Changes in rainfall patterns and drought, increases in average temperatures and heatwaves, flooding, and rising sea levels are increasingly affecting several regions. Yet, Morocco has a relatively low greenhouse gas (GHG) emission rate, compared to other countries. In 20162, Morocco’s total GHG emissions reached 86127.7 gigagram of carbon dioxide equivalent (Gg CO2-eq), totaling around 0.2% of glo ...
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AuthorsChami AbdelilahDerj AtarHammi IbtissemMorazzo MarianoNaciri Yassinewith the technical support of AFRYJuly 9, 2021Les importantes ressources en énergies renouvelables du Maroc offrent une opportunité sans précédent d’ancrer les choix économiques et politiques du pays dans la transition énergétique, et de faire de cette transition un levier essentiel du développement économique. Ceci est d’autant plus important que le coût des énergies renouvelables a baissé au cours des 10 dernières années2 et présente désormais un fort potentiel, non seulement de création d’emplois verts mais aussi de croissan ...
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AuthorsJune 30, 2021The EU's proposed carbon border tax is well intentioned. It is motivated by climate concerns, not by protectionism. However, the tax is based on the false premise of carbon leakage, and its implementation is rife with practical difficulties. Moreover, the tax, as proposed, departs from the Paris agreement principle of differentiated responsibilities, and will be challenged by developing countries. The United States is not ready to adopt carbon taxes, either. The WTO, already in a fr ...
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AuthorsChami AbdelilahDerj AtarHammi IbtissemMorazzo MarianoNaciri Yassinewith the technical support of AFRYJune 28, 2021Lors de la Conférence des Parties à la Convention-cadre des Nations unies sur les changements climatiques (CCNUCC) qui s'est tenue à Paris en 2015, les gouvernements se sont engagés à limiter l'augmentation de la température mondiale à un niveau bien inférieur à 2°C par rapport aux niveaux préindustriels. Ils se sont également engagés à atteindre, dès que possible, un pic de leurs émissions et à parvenir à la neutralité carbone au cours de la seconde moitié du siècle. Pour autant, m ...
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AuthorsChami AbdelilahDerj AtarHammi IbtissemMorazzo MarianoNaciri Yassinewith the technical support of AFRYJune 28, 2021During the 2015 Paris Conference of the Parties to the United Nations Framework Convention on Climate Change (UNFCCC), governments pledged to limit the global temperature increase to well below 2°C above pre- industrial levels, to peak emissions as soon as possible, and to achieve carbon neutrality in the second half of the century. Yet, even assuming full implementation of the commitments made by governments in Paris, the global concentration of greenhouse-gas (GHG) emissions will ...
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AuthorsBruno SouzaJune 18, 2021This paper estimates the economic impacts of climate change over the Brazilian regions until the end of the century. We estimate the direct and indirect impact of the projected changes in climate on the yield of the country’s main crops. The results point to a broad spatial heterogeneity of impacts across the country. Using the extreme scenarios created by the Intergovernmental Panel on Climate Change (IPCC) (RCP 2.6 and 8.5), our predictions indicate that the average annual losses ...
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June 16, 2021It is now an established fact that investment in infrastructure is considered as a driver for economic growth. It acts through different channels. In the short run, the construction phase of any projects often implies the direct creation of new jobs and an indirect creation of on periph...
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AuthorsMay 31, 2021China is the world's largest exporter of goods. It is also, by any plausible criterion, a developing country. China's dual status needs to be better reflected in Chinese policies - recognizing its global responsibilities -- and in those of the Western powers - recognizing China's limitations. Across three important agendas - macroeconomics, development assistance, and climate - important differences between China and the West remain, yet none of these issues appears intractable. ...
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April 28, 2021There are three major reasons for central banks to engage on climate change issues. The first is the set of – physical and transition - risks to financial stability potentially brought about by natural disasters and trends derived from climate change. Second, the potential impact of cli...
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AuthorsApril 27, 2021With a population of approximately 200 million, Nigeria accounts for about half of West Africa's population and has one of the largest concentrations of young people in the world. Endowed with abundant natural resources, Nigeria is one of Africa's largest oil exporters, with an estimated 37 billion barrels of proven crude oil reserves, the majority of which are found in the Niger River Delta and offshore in the Bight of Benin, the Gulf of Guinea and the Bight of Bonny. Nigeria also ...