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Girol Karacaoglu suggests we need to move away from a price (interest-rate) centred monetary policy implementation regime and we need to control the growth of the aggregate balance sheet of the banking system
Food, not steel, is our biggest climate challenge Apr 01,2021 - Last updated at Apr 01,2021 LONDON – Climate-policy discussions often focus on who will pay the cost of achieving a zero-carbon economy, with a particular focus on industrial sectors such as steel and cement. But the overall costs are strikingly low, and our biggest challenge lies in the food system, not industrial products. The latest report by the United Kingdom’s Climate Change Committee, for example, shows that cutting UK greenhouse-gas emissions to net zero by 2050 would reduce British GDP by only 0.5%. The Energy T...