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Less focus on poverty reduction? An evaluation of the EU 2028-2034 development aid plan
1+ day, 6+ hour ago (668+ words) European Union development aid is emphasising poverty reduction less and directing attention to other geopolitical priorities According to the EU treaty, the primary objective of EU development cooperation policy should be poverty reduction1. However, the proposal comes at a time when…...
Buyer beware: a taxonomy of the risks of international carbon credits
1+ week, 1+ day ago (628+ words) As the EU reintegrates international carbon credits into its climate framework, understanding the associated risks is essential The economic rationale for this new allowance is straightforward: because mitigation costs differ across countries, allowing emissions reductions to occur where they are…...
The energy shock for which there is no playbook
1+ week, 3+ day ago (479+ words) The US-Iran conflict may be ending but coping with its inflation and fiscal consequences will be challenging for months ahead The standard policy response is for central banks to hold steady and not adjust interest rates in the face of…...
Planning for the rising fiscal costs of climate disasters
1+ week, 3+ day ago (1632+ words) Low insurance coverage is turning EU governments into disaster insurers of last resort, strengthening the case for prevention and adaptation finance Reading time: 41 minutes The "integrated framework for European climate resilience and risk management" under preparation by the European Commission…...
The UK is still not ready for real rapprochement with the European Union
1+ week, 4+ day ago (315+ words) The EU-UK relationship remains difficult and the idea of UK participation in the EU single market for goods shows the UK still wants to cherry pick How should this state of play be viewed? Current and former UK ministers are…...
Europe must prepare for a possible oil supply crunch
1+ week, 4+ day ago (784+ words) With falling commercial and emergency oil reserves, Europe's oil price shock could soon become a volume crisis " a scenario for which it must prepare Figure 1: Change in 2026 global oil supply, pre-war vs current (Jan. vs April, mb/d) The EU's oil…...
How can governments prepare for the rising costs of climate disasters?
1+ week, 4+ day ago (156+ words) Between 1980-2024, extreme weather cost the European Union "822 billion in damage, with one quarter occurring between 2021-2024 alone. As the frequency and intensity of such events " and the damage they inflict " accelerate, so too does the burden on public finances. To see…...
When oil is scarce and debt is binding: policy sequencing under a severe energy supply shock
2+ week, 1+ day ago (132+ words) With inflation still binding and fiscal space thin, the 2026 Iran shock revives the case for pre-committed, conditional yield anchors with clear exit Narrow fiscal space may therefore force temporary monetary-fiscal coordination: targeted fiscal support to'stabilise output, paired with conditional yield…...
To achieve tech sovereignty, Europe must not mimic its rivals
2+ week, 1+ day ago (701+ words) Bruegel The European Union has a goal of "technological sovereignty. The aim is to develop and control the chips, cloud capacity and artificial-intelligence capabilities needed for Europes economy and security, rather than depending on potentially unreliable imports. This does not…...
The right balance: how to fix European Union artificial intelligence regulation
2+ week, 1+ day ago (1433+ words) EU AI regulation should trade lower ex-ante burden for robust ex-post monitoring, judicial review and liability to curb harms without stifling markets Reading time: 27 minutes This Policy Brief benefitted from discussions within Bruegel. Many thanks in particular to Stephen Gardner,…...