International spillovers and illicit activities around economic/climate policies
Please consider the following questions for this topic:
a. Climate spillovers: How do countries’ climate-related economic and financial policies affect other countries’ macroeconomic stability or international financial markets? How can we develop metrics to determine which economic and financial policies generate the largest spillovers? For example, looking at production or consumption-based GHG emissions is only one side of the equation. Some smaller emitters house the Earth’s most biodiverse areas and most important carbon sinks (e.g., Brazil). Their economic and financial policies may be just as relevant for climate change – and its impact on macroeconomic stability – as polluters’ policies.
b. How can we avoid that environmental crimes (such as illegal logging, illegal mining, illegal fishing, illegal hazardous waste disposal, illegal wildlife trade) and the proceeds they generate undermine the stability of a country’s financial system or broader economy?
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