ARCHIVES 2015 & 2014

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ARCHIVES 2015, 2014




151212 1PM UTC - COP21 : Paris Draft Agreement. Download HERE; Official UNFCCC Press Release and documents: see UNFCCC page on this site HERE

151206 - Paris Climate talks enter next phase, toughest decisions ahead

Draft Agreement has been tranferred to COP21 presidency. Much work remains to be done though, before any definitive agreement can be reached. All documents and  reports available on the UNFCC page HERE 


151204 - BIS Quarterly Review: “Uneasy calm awaiting lift-off”

The December issue of the BIS Quarterly Review explores how global financial markets have responded in recent months to the prospect that monetary policy paths will diverge across the major advanced economies.

Presenting the Review, Claudio Borio, Head of the Monetary and Economic Department, warned, “interest rates, current and expected, continued to test the boundaries of the unthinkable day after day - and this despite the matter-of-fact tone of much of the running commentary. Familiarity breeds complacency.” He went on saying: “Under such extraordinary conditions, it is not surprising that markets remain unusually sensitive to central banks' every word and deed. (…) Against this backdrop, it is hard to imagine how the calm could be anything but uneasy. There is a clear tension between the markets' behaviour and underlying economic conditions. At some point, it will have to be resolved. Markets can remain calm for much longer than we think. Until they no longer can.” Read more and download the December BIS Quaterly Review HERE

151204 - FSB to establish Task Force on Climate-related Financial Disclosures

Mark Carney, Chair of the FSB, and Michael R. Bloomberg discuss the launch of the Task Force on Climate-related Financial Disclosures, in Paris at the COP21 Paris Climate Change Conference on Friday 4 December 2015; Download PR HERE. Watch the press conference video HERE


151203 - Release of the DDPP 2015 synthesis report

The 2015 Synthesis report of the Deep Decarbonization Pathways Project (DDPP) is the successor to the 2014 report of the DDPP with deepened analysis of multiple national scenarios towards the decarbonization objective, assessment of investment needs in low-carbon solutions and socio-economic analysis.It presents the cross-cutting results of an international initiative on deep decarbonization in 16 countries in which local research teams have elaborated country-specific deep decarbonization pathways consistent with the 2°C limit. The analysis demonstrates that deep decarbonization of energy systems is possible. The pathways consider a division by more than two of emission by 2050, a target in line with the rates of reductions required at this time horizon for the 2°C limit. Download HERE


151203 - French Academy : Impact des TIC sur la consommation d’énergie à travers le monde - 43 pages. Downlad HERE


151203 - China, the SDR and a Less Eurocentric World, by Marc Chandler (

The yuan's share of the IMF's reserve asset comes primarily at the expense of the euro and British pound, but that is understandable given changes in the global economy. Read more HERE


151203 - European Commission - The Knowledge Future: Intelligent Policy Choices for Europe 2050 - 64 pages

Globalisation, demographic changes and technological advances pose important challenges and opportunities for research and innovation in Europe. By reflecting on the trends and articulating scenarios, this report helps us think differently about European policies in the medium to long term. Download HERE


151203 - JISC - Study into the role of technology in developing student employability - 192 pages. Download HERE


151203 IISS - Evolution of the Cyber Domain: The Implications for national  and Global Security

Cyber security has become a focal point for conflicting domestic and international interests, and increasingly for the projection of state power. This Dossier charts and contextualises the key developments and trends that have shaped the cyber domain since the 1950s. Read more HERE


151202 - "Is Europe Doomed To Collapse?" by Nouriel Roubini More HERE


151202 – International Financial Institutions publish proposal for Green Bond impact reporting harmonization

It is a revised version of the original draft published in March 2015 as the result of the first working group of four Multilateral Development Banks on the topic and expands the group of Green Bond issuers who proposes to use the agreed framework. Read the full paper HERE


151202 - Comments on China’s financial system IMF's Decision on Yuan Means More Reforms for China Read HERE

China's Fitful Economic Reforms, by Eswar Prasad. Read HERE

China's gold star, by Ben S. Bernanke. Read HERE


151201 - Goldman Sachs: Investors should focus on 4 Techs for Maximum Climate Impact, by Stephen Lacey

The investment bank urges investors to focus on solar, wind, LEDs and electric cars for maximum climate impact. Read on GreenTech Media HERE


151201 - IMF F&D December 2015 issue: “Powering the Planet"

This issue looks at the challenges of balancing the massive demand for sufficient energy to power economic growth and development with the urgent need to sharply reduce carbon emissions, a chief contributor to climate change. Contributions by Nicholas Stern, ILO’s Peter Poschen, Worldwatch Institute’s Michael Renner and IMF economist Ian Parry, awell as an analysis of the four major declines in oil prices in the past 30 years finds the most recent collapse may portend a long period of low prices. Read more HERE


151130 - IMF includes Chinese Reminbi in SDR basket, completes 2015 valuation Review

Read HERE. Valuation Review HERE ; Transcript of conference call on SDR Review HERE ; IMF reports and PRs on China HERE


151130 – BIS Working Paper: Making supervisory stress tests more macroprudential

Considering liquidity and solvency interactions and systemic risk. Download HERE


151130 - India and France Launch International Solar Energy Alliance. More HERE


151130 - The Carbon Impact of investments in Mirova Equity. Download HERE


151130 – Exploring the EU ETS beyond 2020

A first assessment of the EU Commission’s proposal for Phase IV of the EU ETS (2021-2030) Download HERE


151130 - Development banks vow to mobilise collective resources to confront climate change. Read HERE


151130 - The role of central banks; the Netherlands Bank and sustainable finance

Opening speech by Mr Klaas Knot, President of the Netherlands Bank, at the Sustainable Finance Seminar, organized by the United Nations Environmental Program and the Sustainable Finance Lab, and hosted by the Netherlands Bank. Download HERE


151130 - Implementation monitoring of PFMI: Assessment and review of application of Responsibilities for authorities

The Committee on Payments and Market Infrastructures (CPMI) and the Board of IOSCO are issuing a report on "Guidance on cyber resilience for financial market infrastructures - consultative document", Download HERE

151126 – French AMF report of SRI in asset management Download HERE

151125 - IMF Book Forum: Akerlof Says Free Markets May Manipulate Our Thinking

In an interview, Nobel Laureate Akerlof explains how free markets may make fools of us. Economies have a “phishing” equilibrium, where any chance for extra profit will be taken up. Read more HERE

151123 – BIS Working paper: Commercial Bank Failures during The Great Recession: The Real (Estate) Story, by Adonis Antoniades_

The primary driver of commercial bank failures during the Great Recession was exposure to the real estate sector, not aggregate funding strains. The main \toxic" exposure was credit to non-household real estate borrowers, not traditional home mortgages or agency MBS. Private-label MBS contributed to the failure of large banks only. Failed banks skewed their portfolios towards product categories that performed poorly on aggregate. In addition, within each product category they held assets of lower quality than those held by survivor banks. Download HERE

151123 - IMF Working Paper: Fiscal Consequences of Terrorism

This paper by Serhan Cevik and John Ricco provides an empirical analysis of how the frequency and severity of terrorism affect government revenue and expenditure during the period 1970–2013 using a panel dataset on 153 countries. They find that terrorism has only a marginal negative effect on tax revenue performance, after controlling for economic and institutional factors. Read mre HERE


151123 – IMF Working Paper: Fragilities in the U.S. Treasury Market : Lessons from the “Flash Rally” of October 15, 2014

Changes in the structure of the U.S. Treasury market over recent years may have increased risks to financial stability. Traditional market makers have changed their liquidity provision by increasingly switching from risk warehousing to risk distribution, and a new breed of market maker has emerged with the rise of electronic trading. The “flash rally” of October 15, 2014 provides a clear example of how those risks can materialize; Read more HERE


151123 - IMF Working Paper: The Unequal Benefits of Fuel Subsidies Revisited : Evidence for Developing Countries

Understanding who benefits from fuel price subsidies and the welfare impact of increasing fuel prices is key to designing, and gaining public support for, subsidy reform. This paper updates evidence for developing countries on the magnitude of the welfare impact of subsidy reform and its distribution across income groups, incorporating more recent studies and expanding the number of countries. These studies confirm that a very large share of benefits from price subsidies goes to high-income households, further reinforcing existing income inequalities. The results can also help to approximate the welfare impact of subsidy reform for countries where the data necessary for such an analysis is not available. Read more HERE


151123 - IMF Working Paper: Natural Resource Booms in the Modern Era : Is the curse still alive?

According Author/Editor Andrew M. Warner, the global boom in hydrocarbon, metal and mineral prices since the year 2000 created huge economic rents - rents which, once invested, were widely expected to promote productivity growth in other parts of the booming economies, creating a lasting legacy of the boom years. This paper asks whether this has happened. Read more  HERE


151123 - BCBS Working Papers No 29

The failure to adequately model interlinkages and the nexus between solvency risk and liquidity risk within and across banks led to a dramatic underestimation of the risks to, and vulnerabilities of, financial systems in many economies. Download HERE

151121 - Executive Guide ro Carbon Pricing Leadership

This guide is a resource for the hundreds of individuals who are now completing due diligence on carbon pricing of behalf of their companies. It has been shaped by input from professionals who are implementing carbon pricing programs within companies or advocating for government policies in countries around the world; Download HERE

151121 - BIS Report: Digital Currencies

Currently, such schemes are not widely used or accepted, and they face a series of challenges that could limit their future growth. However, some digital currency schemes have demonstrated that their underlying technology could feasibly be used for peer-to-peer transactions in the absence of a trusted third party. Such technology may have potential to improve some aspects of the efficiency of payment services and financial market infrastructures (FMIs) in general. In particular, these improvements might arise in circumstances where intermediation through a central party is not currently cost-effective. This report considers the possible implications of interest to central banks arising from these innovations. Download HERE


151120 – G20 Antalya Summit

Leaders Communiqué English version Download HERE ; French version HERE

Statement on the fight against terrorism. HERE

Factsheet: summit outcomes. HERE


The G20 Antalya Summit: Expectations, Results and the Road Ahead, by Emma Best, Phil Gazaleh, Taylor Grott, Matthew Grumley and Antonia Tsapralis, (G20 Research Group) . Read HERE


ITUC/TUAC Evaluation of the G20 Leaders’ Summit and Communiqué. Download HERE


The Agenda of China's 2016 G20 Hangzhou Summit, by John Kirton, Co-director, G20 Research Group. Read HERE

151120 – Publications of Interest 
151120 - Estimating mobilized private finance for adaptation: exploring data and methods
This CPI study advances understanding of how to assess publicly-mobilized private investment in climate resilience by developing, testing and evaluating a range of methodological options to estimate the amount of private finance mobilized by developed countries’ public finance interventions for climate adaptation in developing countries. Read More


151120 - CPI Study: Global Landscape of Climate Finance 2015

The amount of climate finance invested around the world in 2014 increased by 18% over the previous year from USD 331 billion to an estimated USD 391 billion. Read More


151118 - EU Commission adopts carbon market report

In the context of the first State of the Energy Union report the European Commission adopted a report on the functioning of the European carbon market as part of the Climate action progress report. This carbon market report covers 2013 and 2014 and outlines specific initiatives proposed or agreed in 2015. The report concludes that over the last decade the EU Emissions Trading System (ETS) proved that putting a price on carbon is an effective way to achieve cost-efficient emissions reductions, motivate business and help bring innovative technologies to the marketplace. Read more on the EU Emissions trading system HERE ; Download the 2015 Carbon Market Report HERE


15118 - UNESCO Science Report: towards 2030 - 820 pages (heavy file) Download HERE


151116 - Raising the Bar on Corporate Sustainability Reporting

This global UNEP cross-sector report assesses the environmental dimension of sustainability reporting and provides recommendations to make environmental reporting important to all stakeholders. It analyses what the key and most common environmental disclosure items are and provides practical recommendations for companies and other reporting organizations on how these items should be measured and reported, supported with best practice examples. In addition, it explores emerging areas of research in this domains, as well as innovative reporting practices. Download HERE


151116 - Henderson Global Dividend Index 8th Edition

The Henderson Global Dividend Index (HGDI) is a long-term study into global dividend trends, and is the first of its kind. It is a measure of progress that global firms are making in paying their investors an income on their capital. It analyses dividends paid every quarter by the 1,200 largest firms by market capitalisation. Download HERE

151113 - A report to G20 Leaders on implementation of the Basel III regulatory reforms

This report summarises the steps taken by Basel Committee member jurisdictions to adopt the Basel III standards, banks' progress in bolstering their capital and liquidity positions, the consistency of implementation in jurisdictions assessed since the Committee's last report and the Committee's implementation work plan. Download HERE


151113 - Finalising post-crisis reforms: A report to G20 Leaders

This report reviews the Basel Committee's work since the global financial crisis to strengthen the international regulatory framework for banks. Download HERE

151113 – Publications of Interest


OECD’s annual report on pensions markets released

The OECD has just released its annual report on pensions markets, reviewing trends in the financial performance of pension funds, including investment returns and asset allocation. This edition also includes analysis of the extent to which data available show whether pension funds are involved in a “search for yield”. The full report is available HERE. Note that the OECD will release its biennial report on public and private pension systems, Pensions at a Glance 2015, on Tuesday 1 December 2015.


European Academies’ Science Advisory Council: Facing critical decisions on climate change in 2015.

Download HERE


Worldbank - Shock Waves: Managing the Impacts of Climate Change on Poverty

Read more HERE


MIT - A Plan for Action on Climate Change

Download HERE

U.S. Department of Energy - 2014 Renewable Energy Data Book
Download HERE


ADEME - Alléger l’empreinte environnementale de la consommation des Français en 2030 - Vers une évolution profonde des modes de production et de consommation – (244 pages in French).

Download HERE


The Potential Contribution of Waste Management to a Low Carbon Economy

This report commissioned by Zero Waste Europe, in partnership with Zero Waste France and ACR+  and conducted by Eunomia, highlights key problems with the current UNFCCC waste inventories, as well as providing recommendations for their improvement. Read more HERE


OECD : Comparing Happiness across the World - Does Culture Matter?

Download  HERE


Association of American Universities Statement on the Lingua-Elsevier Dispute and the Future of Scholarly Publishing

Read more HERE


As Earth Warms, NASA Targets ‘Other Half’ of Carbon, Climate Equation

During a media teleconference, NASA and university scientists discuss new insights, tools and agency research into key carbon and climate change questions, as the agency ramps up its efforts to understand how Earth’s ocean, forest, and land ecosystems absorb nearly half of emitted carbon dioxide today. Read more HERE


French Sciences Academy report: "Changement climatique et transformation du système énergétique"

The French Sciences Academy insists on the urgency of topical action in terms of research and innovation, to cope with climate change

Download HERE


World Intellectual Property Report 2015
 The direction of travel is changing, but the destination is still not 2 degrees”, IEA warns 

151110 - Despite the shift in policy intentions catalysed by COP21, more is needed to avoid the worst effects of climate change, The IEA said in its latest World Energy Outlook published on November 10. Read more HERE


The Economic Consequences of Climate Change, a new OECD report
151110 - This report provides a new detailed quantitative assessment of the consequences of climate change on economic growth through to 2060 and beyond. It focuses on how climate change affects different drivers of growth, including labour productivity and capital supply, in different sectors across the world. The sectoral and regional analysis shows that while the impacts of climate change spread across all sectors and all regions, the largest negative consequences are projected to be found in the health and agricultural sectors, with damages especially strong in Africa and Asia. More information HERE

 151109 - FSB publishes several important reports ahead of the Antalaya G20 Summit

Final Total Loss-Absorbing Capacity standard for global systemically important banks - The TLAC standard has been designed so that failing G-SIBs will have sufficient loss-absorbing and recapitalisation capacity available in resolution.

Report on implementation and effects of the G20 financial regulatory reforms - FSB Chair updates the G20 on the implementation and effects of financial regulatory reforms.
Creation of disclosure task force on climate-related risks - FSB sets out proposal to the G20 for creation of industry-led task force to consider climate change risk.
Report to G20 on the decline in correspondent banking - A report on the FSB-coordinated work on the decline in correspondent banking.

Progress report on reducing misconduct risk in the finance industry - Update on actions to reduce misconduct risks in the financial industry. 

Progress in implementing OTC derivatives market reforms, and highlight where further work is needed - two reports that provide an update on the implementation of the G20 reforms to over-the-counter derivatives market.

For more details  Check the FSB WIRE (press releases and publications) on this site HERE

151106 - UNEP Emissions Gap Report and UNFCC report urge Increased Ambition for 2°C Goal

Efforts to tackle climate change, including those taken before the Paris agreement and full implementation of the INDCs, could cut up to 11 GtCO2e from projected emissions in 2030. This is however around half of the total required to reach the global emission level of 42 GtCO2e in 2030 consistent with having a likely chance (>66 percent) of staying below the 2°C target in 2100. The UNFCC report, published end October, drew similar conclusions.

Read the full UNEP press release HERE and the UNFCC report HERE


151106 -  Enhancing Participation in the U.S. Global Change Research Program 

The USGCRP has faced growing demands for actionable scientific information to help decision makers respond to changing climate conditions. In light of these challenges, the National Academies of Sciences, Engineering, and Medicine's Committee to Advise the U.S. Global Change Research Program has written a report to explore mechanisms and opportunities for enhancing participation in USCGRP's evolving scope of activities. Download the Report HERE


151105 - ENGIE and Cheniere enter into an LNG Agreement

ENGIE announces the execution of a 5-year Sales and Purchase Agreement (SPA) with Cheniere Marketing International LLP. Under this agreement, ENGIE will purchase up to 12 cargoes of liquefied natural gas (LNG) per year from Cheniere to be delivered ex-ship at the Montoir-de-Bretagne regasification terminal from the Sabine Pass and Corpus Christi LNG terminals. The sales price for the LNG cargoes is linked to Northern European indexes. Download the press release


151105 - Social Policy Reforms in the EU: A Cross-national Comparison

SOCIAL EUROPE would like to draw your attention to a new publication by their  partners from the Bertelsmann Stiftung :  “Social Policy Reforms in the EU: A Cross-national Comparison”. The level of social justice has declined in most member states of the European Union in recent years. How do the EU member states address the most pressing social problems? Are their reform policies sufficient to restore social inclusion? The first edition of Bertelsmann Stiftung’s SIM Europe Reform Barometer intends to give the answers. Download this report  HERE


151105 - Exxon Mobil Investigated for Possible Climate Change Lies

The New York attorney general has begun an investigation of Exxon Mobil to determine whether the company lied to the public about the risks of climate change or to investors about how such risks might hurt the oil business. Read the New York Times article HERE


151105 - NASA Mission Reveals Speed of Solar Wind Stripping Martian Atmosphere

NASA’s Mars Atmosphere and Volatile Evolution (MAVEN) mission has identified the process that appears to have played a key role in the transition of the Martian climate from an early, warm and wet environment that might have supported surface life to the cold, arid planet Mars is today. More HERE


151105 - NIST Offers Guidance on Using Technology to Prevent More Intrusions, Malware

The National Institute of Standards and Technology (NIST) has published a guide to deploying automated application whitelisting to help thwart malicious software from gaining access to organizations’ computer systems. Guide to Application Whitelisting (Special Publication 800-167) explains the basics of the technology and provides step-by-step instructions.Read MORE


151104 - Big Energy's year of privileged access to Europe's climate commissioners

One year on from the appointment of Cañete and Šefčovič, Corporate Europe Observatory takes a look at who the commissioners responsible for climate and energy policies are meeting, and finds Big Energy dominating the agenda. Read HERE


151104 - CDP Report 2015: “Climate action reaches tipping point

The international not-for-profit CDP - which holds the most comprehensive set of global corporate environmental data - has issued its annual Climate Change Report on behalf of 822 investors representing US$95 trillion. The new publication includes the 2015 Climate A List, which comprises those companies identified as A grade for their actions to mitigate climate change. Nearly 2,000 companies submitted information to be independently assessed against CDP’s scoring methodology; 113 have made the list, which features brands from around the world. CDP’s executive chairman and co-founder Paul Dickinson says: “The influence of the corporation is mighty. The momentum of business action on climate change suggests we have reached a tipping point, where companies are poised to achieve their full potential. They need ambitious policy at both a national and international level that will support them in this regard and will catalyze participation from industry at scale.” Download the report HERE


151104 - NIST Invites Comments on Practice Guide for Improving Mobile Device Security

The National Cybersecurity Center of Excellence (NCCoE) requests comments on a draft guide to help organizations better secure and manage their mobile devices.

The draft NIST Cybersecurity Practice Guide Mobile Device Security: Cloud & Hybrid Builds (Special Publication 1800-4) demonstrates how commercially available technologies can help companies secure sensitive data accessed by and/or stored on mobile devices used by employees. Read MORE


FSB's and BoE's Mark Carney on Climate Change and Financial Stability

150929 - In this important speech at the Lloyd's of London, the governor of the Bank of England and chairman of the Financial Stability Board  stresses the importance of climate change consequeces on the Financial Sector, for insurers and institutional investors. He insists in particular on the so-called "stranded assets" controversial debate. Mark Carney's actions relate to the mandate the FSB has been given by the G20 to evaluate the consequences of climate change on financial stability. Download the speech HERE, or watch the video hereunder. 

150824 - Analysis finds that emissions pledges ahead of UN climate summit are not ambitious enough to avoid dangerous climate change. Download HERE

150824 - 2015 Revision of World Population Prospects. More HERE

150824 - Weapons: ICRC sounds alarm on arms trade. Read HERE

150824 - Climate change and the growing challenges of migration HERE 

150824 - The impact of microcredit: evidence from across the world (EBRD paper). More HERE

150823 - Religious Leaders Declarations on Climate Change
Encyclical Letter Laudato Si’ of Pope Francis on Care for our Common Home. Download HERE 

Islamic Declaration on Global Climate Change. Read HERE

150818 - Making low-carbon technology support smarter

This Bruegel Policy Brief describes the interaction between three approaches that are effective in driving innovation in low-carbon technologies. Based on that, the author provides four recommendations for making low-carbon technology support smarter. Read HERE


150817 - Greece’s Third MoU (Memorandum of Understading) annotated by Yanis Varoufakis. Read HERE 


150815 - Mobilizing Climate Finance: a Roadmap to Finance a Low-Carbon Economy

Report of the Canfin-Grandjean Commission to the French presidency (June 2015). Download HERE 

150814 - 8 potential Battery Breakthroughs

Lab innovations have come to light almost weekly in the last quarter, by Jason Deign, Greentechmedia. Read HERE 



150810 - Germany benefits from Greek Crisis

According a report from Halle Institute for Economic Research, the balanced budget in Germany is largely the result of lower interest payments due to the European debt crisis. These benefits tend to be larger than the expenses, even if Greece does not repay any of its debts. Read more HERE. Download report HERE


150805 - NASA Notifies Congress About Space Station Contract Modification with Russia

NASA Administrator Charles Bolden sent a letter to Congress Wednesday informing members that, due to continued reductions in the president’s funding requests for the agency’s Commercial Crew Program over the past several years, NASA was forced to extend its existing contract with the Russian Federal Space Agency (Roscosmos) to transport American as… More HERE

150805 - NIST Releases SHA-3 Cryptographic Hash Standard

The National Institute of Standards and Technology (NIST) has released the final version of its "Secure Hash Algorithm-3" standard, a next-generation tool for securing the integrity of electronic information

Obama Administration Takes Action on Climate Change/Clean Power Plan

WASHINGTON, August 3d 2015 President Obama announced the U.S. Environmental Protection Agency's final Clean Power Plan today, which will cut U.S. carbon pollution from the power sector by 870 million tons, or 32 percent below 2005 levels, in 2030. Power plants are the largest drivers of climate change in the United States, accounting for roughly one-third of all carbon pollution emissions, but there were no national limits on carbon pollution until today.


150608 - G7 Summit : Leaders Declaration
151113 - EBRD President calls for green economic transition ahead of climate talks Read HERE

151112 - Revisiting three intellectual pillars of monetary policy received wisdom
speech by Claudio Borio, Head of the Monetary and Economic Department of the BIS, at the Cato Institute, Washington, DC, questions three deeply held beliefs that underpin current monetary policy received wisdom: it is appropriate to define equilibrium (or natural) rates as those consistent with output at potential and with stable prices (inflation); it is appropriate to think of money (monetary policy) as neutral, ie as having no impact on real outcomes, over medium- to long-term horizons relevant for policy - 10-20 years or so, if not longer; and it is appropriate to set policy on the presumption that deflations are always very costly. Download HERE


151112 - Nukes in the Crosshairs: Can the Clean Power Plan Save the Day? by John Larsen, Rhodium Group

The proliferation of renewables and persistently low natural gas prices have been pushing down coal generator margins for years. The results to date have been an unprecedented wave of plant retirements and lower CO2 emissions. These dynamics are having a similar impact on the largest source of zero emitting generation in the US, the nuclear; Read more HERE


click here to download file

150608 - NASA Releases Detailed Global Climate Change Projections More HERE

150607 - Negociations with Iran : Remarks of US Secretary Jacob J. Lew at the 4th Annual Jerusalem Post Conference Read HERE

CANDID INTERVIEWS  ICIS Tschach's  Jan AHRENS on the call by six oil majors, Carbon price and the MSR Read HERE
150605 - When Buying Cybersecurity Insurance: Caveat Emptor, by Chris Kentouris More HERE

150604 - G7+EU INDCs: some improvement, but a large emissions gap remains, CAT says  Read HERE

150602 - Global Apollo programme to make renewables less costly than coal within ten years. Read HERE

150602 - Building a Capital Markets Union… or designing a financial system for the euro area? by Anton Brender, Florence Pisani and Daniel Gros (CEPS). More HERE

150601 - Six Oil and Gas Majors call for carbon pricing

BG Group plc, BP plc, ENI S.p.A., Royal Dutch Shell plc, Statoil ASA and Total SA today announced their call to governments around the world and to the United nations Framework onc Climate Change (UNFCCC) to introduce carbon pricing systems and create clear, stable, ambitious policy frameworks that could eventually connect national systems. Read their press release and letter to the UNFCCC and COP21 president :

click here to download file

150529 - Reforming Fiscal Governance in the European Union

In this discussion paper, date May 21 and published today, IMF staff considers that successive reforms have brought many positive elements to the European Union’s fiscal framework. But they have also increased its complexity. The current system involves an intricate set of fiscal constraints, which hampers effective monitoring and public communication, they say. Compliance has also been weak. This note discusses medium-term reform options to simplify the framework and improve compliance. Based on model simulations and practical considerations, it argues for moving to a two-pillar approach, with a single fiscal anchor (public debt-to-GDP) and a single operational target (an expenditure growth rule, possibly with an explicit debt correction mechanism) linked to the anchor. Downloas the discussion paper HERE

150526 - IMF Staff Mission to China: Currency no longer undervalued, credible candidate to SDR basket. More HERE

150526 - Carbon Pricing Initiatives Valued at Close to US$50 billion. More HERE

150521 - Gerard Mestrallet, CEO of ENGIE : Why Europe’s largest energy companies support carbon pricing. More HERE


150521 - Paris Business & Climate Summit: Corporations commit to low-carbon society

click here to download file


Giving Greece a chance

150521 - Opinion piece by members of the Eiffel Group and the Glienicke Group. Read HERE

The African Economic Outlook 2015: making growth more inclusive

150521 - With Africa’s population set to triple by 2050, modernising local economies will be vital to make the continent more competitive and to increase people’s living standards, according to the African Economic Outlook 2015, released at the African Development Bank Group’s 50th Annual Meetings. The report is produced annually by the African Development Bank (AfDB), the OECD Development Centre and the United Nations Development Programme (UNDP). For the full report, including statistics and 54 individual country notes, please visit For more information on the African Development Bank’s 2015 Annual Meetings, visit


Summary record of the 2015 Global Forum on Development

Download the summary HERE


‘Ready for Brexit?’ report

150520 - ING’s senior economist James Knightley looks at the possible effects of the Conservative win at the UK general election, in particular with regards to a British exit of the European Union (Brexit). Download HERE


150519 - Systemic risk on horizon?

How Large Are Global Energy Subsidies?

150518 - This IMF paper provides a comprehensive, updated picture of energy subsidies at the global and regional levels. It focuses on the broad notion of post-tax energy subsidies, which arise when consumer prices are below supply costs plus a tax to reflect environmental damage and an additional tax applied to all consumption goods to raise government revenues. Post-tax energy subsidies are dramatically higher than previously estimated, and are projected to remain high. These subsidies primarily reflect under-pricing from a domestic (rather than global) perspective, so even unilateral price reform is in countries’ own interests. The potential fiscal, environmental and welfare impacts of energy subsidy reform are substantial; Watch presentation of the paper by Vitor Gaspar, IMF Fiscal Affairs Director at a Brookings meeting int video hereunder. Download the IMF paper HERE. 


Is the economy stationary?

150518 - The question of whether capitalist economies are self-correcting and will eventually revert to mean growth has received renewed interest, by Jérémie Cohen-Setton. Read HERE


NIST-led Research Creates Whispering Gallery for Graphene Electrons

150515 - An international research group led by scientists at the U.S. Commerce Department’s National Institute of Standards and Technology (NIST) has developed a technique for creating nanoscale whispering galleries for electrons in graphene. The development opens the way to building devices that focus and amplify electrons just as lenses focus light and resonators (like the body of a guitar) amplify sound.



NASA Unveils Latest Technology Roadmaps for Future Agency Needs

150511 - NASA laysout the promising new technologies that will help achieve its aeronautics, science and human exploration missions for the next 20 years, including the agency’s journey to Mars. Read more HERE


Ellen MacArthur Foundation and Granta Design launch indicators to assess how well companies perform in the context of a circular economy

150508 - The Circularity Indicators Project aims to address this gap and has developed indicators that assess how well a product or company performs in the context of a circular economy, thereby allowing companies to estimate how advanced they are on their journey from linear to circular. Download report HERE


European University Association - Trends 2015:

the changing context of European higher education

Download HERE


The New Abnormal

by ING’s Chief Economist Mark Cliffe

150408 - Will tomorrow’s economic reality be the same as today’s? Mark Cliffe argues that the economic situation in the world is far from normal. And this is not likely to change for the next few years.


150506 - A Digital Single Market: EU Commission sets out 16 initiatives 

Read more HERE


G7 Academies of Sciences call for action on antibiotic resistance,

tropical diseases, and the future of the ocean

150429 - Statements for G7 summit handed to Chancellor Angela Merkel. Read more HERE


Climate Engineering and Intervention : two major reports released by NAS. More Here

150129 - IMF Executive Board Reports to the Board of Governors on the 2010 Reforms and the Fifteenth General Review of Quotas. More Here

The World Economic Forum has published its GLOBAL RISK REPORT 2015  Environmental risks overtake economic risks. Download the report HERE 

From the European Energy Community to the Energy Union, a new policy proposal. A report by Sami Andoura, Jean-Arnold Vinois and Jacques Delors. More HERE

150123 - Results of the Q1 2015 ECB Survey of Professional Forecasters More infos HERE

150122 - ECB announces Expanded Asset Purchase Programme. More HERE. See also this page

ECB QE: Comments by financial experts

150122 - Statement by IMF Managing Director Christine Lagarde on ECB Decisions. More HERE

150122 - 2014 Global Metro Monitor Map. Read HERE

150119 -  "Wealth: Having It All and Wanting More", a briefing by OXFAM. More HERE


The Reshaping of Europe's Financial System

by Nicholas Veron (January 2015) Read HERE

What next for the IMF ? by Edwin M. Truman (PIEE update). Read HERE

Decadal Survey of Ocean Sciences 2015-2025 Read HERE

U.S. Secretary Jacob L. Lew: Let's leave Wall Street's Practices in the Past

150112 - In an op-ed published in the January 11, 2015 edition of The Washington Post, Treasury Secretary Jacob J. Lew outlines the need to protect the financial reforms that have made our financial system safer and more resilient, and have ensured that consumers, investors and taxpayers are now protected from the types of abuses that helped cause the financial crisis. Read the piece online

150112 - The Euro PP Steering Committee released on January 8 two model agreements for Euro Private Placements. More HERE


You can retrieve our 2014 archives HERE 

Tuesday, November 25, 2014

Regin: Top-tier espionage tool
Download Symantec Report HERE 

Signs of stress must not be ignored, IEA warns in World Energy Outlook More

Energy and Climate Trends and projections in Europe More

Policies for California's Energy Future More

Orchestrating Infrastructure for Sustainable Smart Cities More

G20 Leaders’ Communiqué Brisbane Summit, 15-16 November 2014
Download HERE

FSB reports to G20 on progress in financial regulatory reforms
141114 – Before the G20 summit in Brisbane, the Financial Stability Board has published several reports, summarizing the progresses made over the last months concerning the financial system reform. Check FSB WIRE page HERE for details and links

Biosafety : U.S. launches review of risks of “gain of function” studies  More

NASA X-ray Telescopes Find Black Hole May Be a Neutrino Factory More

 Nanotechnology in Germany today More

 Furthering America's Research Enterprise More

OECD Green Growth Indicators for Agriculture More

Développement durable: nouveautés méthodologiques More

Thursday, November 6, 2014

Basel Committee publishes supporting information on global systemically important banks
141106 - In conjunction with today's publication by the Financial Stability Board (FSB) of the updated list of global systemically important banks (G-SIBs), the Basel Committee on Banking Supervision has released supporting information.   
This information includes a technical summary which further explains the methodology and the denominators used to calculate the scores for banks in the end-2013 exercise and the cut-off score that was used to identify the updated list of G-SIBs. Also provided are the thresholds used to allocate G-SIBs to buckets for the purposes of calculating the specific higher loss absorbency (HLA) requirements for each institution, as well as links to the disclosures of the G-SIBs designated in 2014.    As detailed in the Committee's July 2013 publication, the methodology for assessing the systemic importance of banks consists of an indicator-based measurement approach. More on the  BIS wire page HERE and on the FSB wire page HERE

Wednesday, November 5, 2014

Ecological Footprint Found to Be "Misleading"

141105 - Is humanity really using 1.5 Earths? That is the central finding of the Ecological Footprint (EF), a widely cited global sustainability indicator used by the United Nations and major NGOs around the world to estimate the impact of human activity on the biosphere. But a paper published today in PLoS Biology finds the method behind the Ecological Footprint "so misleading as to preclude its use in any serious scientific or policy context." 

Measuring the order and disorder of matter 

An editorial in Nature Materials highlights work by SFI External Professor James Crutchfield and his colleague Dowman Varn for their information-theoretic measure of material structure. Their algorithmic approach, described in an SFI working paper, aims to provide a framework for classifying “anything from perfect crystals to totally amorphous materials,” according to the editorial. 

Quantifying material order and disorder is especially relevant for materials science in 2014, which is the International Year of Crystallography.

Read the News and Views editorial in Nature Materials (November, 2014, subscription required); Read the SFI working paper (September 19, 2014


Novel Sodium-Conducting Material Could Improve Rechargeable Batteries More…  

Tuesday, November 4, 2014

IEO report on IMF response to the financial crisis

The Independent Evaluation Office (IEO) has produced a detailed report that provides valuable insights on how the IMF responded to the global financial and economic crisis. The analysis in the report is broadly balanced, and Managing Director welcomes the IEO’s finding that the IMF played an important role in the global response to the crisis, and broadly supports the report’s recommendations. Download the IEO report HERE and the Managing Director's message HERE 

Sunday, November 2, 2014

IPCC: Climate change threatens irreversible and dangerous impacts, but options exist to limit its effects  
Copenhagen, 2.11.14 - Human influence on the climate system is clear and growing, with impacts observed on all continents. If left unchecked, climate change will increase the likelihood of severe, pervasive and irreversible impacts for people and ecosystems. However, options are available to adapt to climate change and implementing stringent mitigations activities can ensure that the impacts of climate change remain within a manageable range, creating a brighter and more sustainable future.
[Full Press Release: English - Arabic - Chinese - French - Russian - Spanish]
All IPCC AR5 reports and synthesis can be downloaded HERE 

Developing a 21st Century Global Library for Mathematics Research (2014)

Net Stable Funding Ratio finalised by the Basel Committee

Friday, October 24 2014

EU leaders agree 2030 climate and energy goals

Wednesday, October 8 2014
IMF Global Financial Stability Report
The October 2014 Global Financial Stability Report (GFSR) finds that six years after the start of the crisis, the global economic recovery continues to rely heavily on accommodative monetary policies in advanced economies. Monetary accommodation remains critical in supporting the economy by encouraging economic risk taking in the form of increased real spending by households and greater willingness to invest and hire by businesses. However, prolonged monetary ease may also encourage excessive financial risk taking.

Tuesday, September 23 2014

The New climate Economy Report 
140923 - Last week The Global Commission on Climate and The Economy released its flagship report, Better Growth Better Climate, The New Climate Economy Report, at the UN headquarters in New York City. Chaired by former Mexican President Felipe Calderon and produced by a distinguished team of academics, economists and heads-of-state, the report provides the most authoritative economic case to date for acting on climate change.

FSB Chair's Letter to G20 Ministers and Governors on financial reforms  Read HERE                           

US Transportation Energy Data Book : Center for Transportation Analysis - Energy and Transportation Science Division - : Edition 33 - Full Document – 429 pages


UN Climate Summit 2014: LIVE BLOG 

140923 - WRI (World Resources Institute) has been liveblogging during the summit with major announcements and expert commentary. Go to Live Blog

Meetings & Conferences : ELECTRIC ROAD 2014 October 2nd, Paris. Info here

August 19 is Earth Overshoot Day 2014

August 19 marked the date when humanity has exhausted nature’s budget for this  year. For the rest of the year, we will maintain our ecological deficit by drawing down local resource stocks and accumulating carbon dioxide in the atmosphere. We will be operating in overshoot, the Global Footprint Network says. Read HERE

Policy uncertainty threatens to slow renewable energy momentum, IEA says

140828 - IEA forecast sees renewable power as a cost-competitive option in an increasing number of cases, but facing growing risks to deployment over the medium term. The expansion of renewable energy will slow over the next five years unless policy uncertainty is diminished, the International Energy Agency (IEA) said today in its third annual Medium-Term Renewable Energy Market Report.


Warsaw breaks ranks with Poland on 2030 climate goals

140827 - The Mayor of Warsaw has complained to the Polish government that 2030 clean energy goals, which Poland believed too radical, were in fact unambitious, undemocratically decided, and risk spiking EU decarbonisation moves, in a letter seen by EurActiv.

US National Plan for Civil Earth Observations


Climate Change: Assessing The Potential Long-Term Effects

Climate change impact is extremely hazy and potential outcomes are challenging to predict. In this series of articles, S&P Ratings addresses the key themes businesses, sectors and governments are grappling with in tackling the physical and financial impact of climate change.

Risks and opportunities of virtual currencies

a report to the French Senate committee on finance

140723 – The committee heard a communication on the questions raised by the

development of the bitcoin and other virtual currencies.


Fortaleza Declaration and Action Plan

140723 - Brazil hosted, on the 14th, 15th, and 16th July 2014, the 6th Summit of Heads of State and of Government of BRICS, held in Fortaleza and Brasília. The Summit adopted the Fortaleza Declaration and Action Plan, the Agreement on the New Development Bank, the Treaty for the Establishment of a BRICS Contingent Reserve Arrangement and agreements among BRICS Development Banks and Export Credit Insurance Agencies (available here)


Around $80 billion wasted on power for online devices in 203, IEA report says 

140702 - Today, the world’s 14 billion online electronic devices – such as set-top boxes, modems, printers and game consoles – waste around USD 80 billion each year because of inefficient technology. By 2020, the problem will considerably worsen, with an estimated USD 120 billion wasted. But a report by the International Energy Agency points to a different path, identifying simple measures that can be implemented now to improve energy efficiency in networked devices, resulting in massive savings of energy and money

OECD study :Scenarios and policy challenges for the next 50 years

140702 - A slowdown in global economic growth and a continuing rise in income inequality are projected for the coming decades, according to an OECD study released Wednesday 2 July 2014. The report looks at what the world could look like by 2060 and includes long-term economic projections. It provides warnings but also a number of policy recommendations for achieving growth, equity, and environmental sustainability.

140702 - This report focuses on the effects of climate change impacts on economic growth. The analysis finds that the effect of climate change impacts on annual global GDP is projected to increase over time, leading to a global GDP loss of 0.7% to 2.5% by 2060 for the most likely equilibrium climate sensitivity range

American Climate Prospectus: Economic Risks in the US

140624 - An RHG-led team of climate scientists, economists and risk analysts assessed the economic risks of climate change in the United States by region of the county and sector of the economy for the Risky Business Project.


IEA launched new global energy model in draft form

With “The Global Calculator”, an interactive tool, you can explore all the options we have to reduce emissions through changing our technologies, fuels, land use and lifestyles up to the year 2050. You can also see the implications of your choices on the climate instantly. A call for evidence was  held to gather feedback on the model’s methodology and assumptions. Experts in energy modelling, transport, manufacturing, agriculture, building efficiency and climate science were invited to respond. The closing date for responses was 29 August. The tool will then be improved and relaunched at the end of the year

Artificial Intelligence, Robotics, and the Future of Jobs

Pew Research Center, August 2014, 67 pages.

The Rise of Robotics

The Boston Consulting Group - 6 pages


Targeting U.S. Technologies

A Trend Analysis of Cleared Industry Reporting - 84 pages

Global Innovation Index 2014

This year, the theme of the report is the ‘Human Factor in Innovation’. The GII 2014, in its 7th edition, is again co-published by Cornell University, INSEAD, and the World Intellectual Property Organization (WIPO, a specialized agency of the United Nations).

Why Robert Gordon thinks growth is over, and what can be done about it


Why do smart people disagree about facts?

Some perspectives on climate denialisby David G. Victor
ILAR, Working Paper #20 (January 2014)


Beyond Copenhagen

by Pete Ogden, Senior Advisor of Rhodium Group (August 2014)

Wednesday, July 2, 2014
 OECD study: Scenarios and policy challenges for the next 50 years Read HERE 

Monday, June 30, 2014

OECD Reviews of Innovation Policy: France

Consequences of climate change damages for economic growth – a dynamic quantitative assessment by OECD  more HERE
Sunday, June 29, 2014

 Lindau Nobel Laureate Meeting Opened more...

A new Energy Model for France : the French Ministry for Sustainable Development and Energy has released a detailed plan to reduce dependency on fossil fuels and develop the usage of  renewables sources of energy more

Thursday, June 5, 2014

GreenWeek 2014 : We must act now to build a Circular Economy. See  HERE what Jeffrey Sachs and Janez Potocnik had to say...

Monday, June 2, 2014

The U.S. Environmental Protection Agency is today releasing the Clean Power Plan proposal, which for the first time cuts carbon pollution from existing power plants, the single largest source of carbon pollution in the United States

Monday, May 25, 2014

 Monday, May 19, 2014

Monday, May 12, 2014

Stephen Hawking: 'Transcendence looks at the implications of artificial intelligence - but are we taking AI seriously enough?' Read MORE

Monday, May 5, 2014

Liberal Order in a Post-Western World

140505 - A GMF report by rine Flockhart, Charles A. Kupchan, Christina Lin, Bartlomiej E. Nowak, Patrick W. Quirk, Lanxin Xiang - This report examines how best to maintain a rules-based international system as the material and ideological hegemony of the West wanes. As Europe’s and North America’s share of the global economy shrinks, the emerging powers, both democratic and non-democratic, remain reluctant to align themselves with the West and with the rules of the liberal order it constructed after World War II. Download this report HERE

US National Climate Assessment Report

This report assesses the science of climate change and its impacts across the United States, now and throughout this century. It integrates findings of the U.S. Global Change Research Program (USGCRP)a with the results of research and observations from across the U.S. and around the world, including reports from the U.S. National Research Council. This report documents climate change related impacts and responses for various sectors and regions, with the goal of better informing public and private decision-making at all levels. Link to Website

 Thursday, May 1, 2014

The rising strategic risks of cyberattacks

Research by McKinsey and the World Economic Forum points to a widening range of technology vulnerabilities and potentially huge losses in value tied to innovation.May 2014 | byTucker Bailey, Andrea Del Miglio, and Wolf Richter. Read HERE

Report Finds Major Potential to Grow Clean, Sustainable U.S. Hydropower

140429 - The report issued by thz Energy Department and its Oak Ridge National Laboratory estimates over 65 gigawatts (GW) of potential new hydropower development across more than three million U.S. rivers and streams – nearly equivalent to the current U.S. hydropower capacity. Read more HERE

 Friday, April 25, 2014

 140425 - Regulation of the ECB of 16 April 2014 establishing the framework for cooperation within the Single Supervisory Mechanism between the ECB and national competent authorities and with national designated authorities (SSM Framework Regulation)  (ECB/2014/17). Download

Tuesday, April 22, 2014

My heart bleeds for better identity solutions, my brain is excited by the progress
Posted on April 22, 2014 by Jeremy Grant Read HERE

Friday, April 18, 2014

Kepler Discovers First Earth-Size Planet In The 'Habitable Zone' of Another Star

Using NASA's Kepler Space Telescope, astronomers have discovered the first Earth-size planet orbiting a star in the "habitable zone" -- the range of distance from a star where liquid water might pool on the surface of an orbiting planet. FULL STORY


After Google glass, here is Google...lens
You'll find the US Patent application concerning an  "In-vitro Calibration Of An Ophthalmic Analyte Sensor"  HERE

Thursday, April 3, 2014

Scientists Synthesize First Functional “Designer” Chromosome in Yeast
An international team of scientists led by Jef Boeke, PhD, director of NYU Langone Medical Center’s Institute for Systems Genetics, has synthesized the first functional chromosome in yeast, an important step in the emerging field of synthetic biology, designing microorganisms to produce novel medicines, raw materials for food, and biofuels.


Will shortages of energy, materials, food, and water put the brakes on global growth?

By combining information technology with industrial technology, as well as through harnessing materials science and biotechnology, innovators are showing that it is possible to produce more with less and to access resources at far lower costs. In this video interview, former McKinsey director Stefan Heck and director Matt Rogers, coathors of the new book Resource Revolution: How to Capture the Biggest Business Opportunity in a Century (New Harvest, April 2014), argue that to be successful, managers will need to think in new ways about products, services, and technologies.

Monday, March 31, 2014

IPCC Report: A changing climate creates pervasive risks but opportunities exist for effective responses

Yokohama, 31.3.14 - The Intergovernmental Panel on Climate Change (IPCC) issued a report today that says the effects of climate change are already occurring on all continents and across the oceans. The world, in many cases, is ill-prepared for risks from a changing climate.  The report also concludes that there are opportunities to respond to such risks, though the risks will be difficult to manage with high levels of warming. [Full Press Release: English - Arabic - Chinese - French - Russian - Spanish] . Video of Press conference hereunder.

Friday, March 21 2014

Tuesday, February 11, 2014

 Kaspersky Lab Uncovers “The Mask”: One of the Most Advanced Global Cyber-espionage Operations to Date Due to the Complexity of the Toolset Used by the Attackers. more 

Friday, February 7, 2014

 A Global Perspective on the Recent Storms and Floods in the UK

 Donors doing too little to strengthen domestic revenues in fragile states, OECD says Read More

Thursday, February 6, 2014

 China will soon become a competitor in the global search for talent 

Wednesday, February 5, 2014

 When and how to support renewables? Letting the data speak More

 Iosco weighs in on crowdfunding oversight

 EBA, ESMA and EIOPA publish Final Report on mechanistic references to credit ratings in the ESAs’ guidelines and recommendations

 Wednesday, January 22, 2014

 3-D printing takes shape

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