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Mobilizing Credit for Clean Energy
Policymakers regularly rely on public financial institutions and government bodies to provide loans to clean energy projects. However, the market failures that public loan provision addresses and the role it can play in a policy strategy that also features de-risking measures, such as interest rate subsidies, remain unclear. Here, we develop a model of banks providing loans to clean energy projects that use a novel technology. Early-stage loans build up financing experience that spills over to peers and hence is undersupplied by the market. In addition to this cooperation problem, bankability requirements can result in a coordination failure where the banking sector remains stuck in an equilibrium with no loans for the novel technology, although a preferable equilibrium with loans exists. Public provision of early-stage loans is inferior to de-risking instruments when solving the cooperation problem because it crowds out private banks' loan provision. However, public loan provision can more effectively resolve the coordination failure by pushing the banking sector to a better equilibrium, ideally in combination with additional de-risking measures to internalize learning spillovers.
Understanding Green Finance
Exploring how green finance has become a key strategy for the financial industry in the wake of the 2007-08 financial crisis, this timely book critically assesses the current dominant forms of neoliberal green finance. Understanding Green Finance delivers a pioneering analysis of the topic, covering the essential tenets of green finance with an emphasis on critical approaches to mainstream views and presenting alternatives insights and perspectives.
Boeing Magazine
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Schindluder und Moralapostel
Die Berliner Lesebühne Vision & Wahn bricht seit 2004 emsig die Konventionen der Kleinkunst-Unterhaltung. Jeden ersten Montag im Monat wird im Periplaneta Literaturcafé viel gelacht, allerdings auch gegrübelt, philosophiert und gestorben. Ob Ereignisse aus dem Künstlerdasein, ein Leben ohne Aldi, ein Trip in Thailand, der freie Wille oder quantenmechanische Probleme eines Hamsters ..., hier wird der Alltagswahn zynisch zerpflückt, in Texten, Gedichten und einem Puppentheater aufgearbeitet und explizit zur Schau gestellt. Wer dabei allerdings zum Schindluder und wer zum Moralapostel wird, musst Du selbst herausfinden. Mit Beiträgen von Marion Alexa Müller (Vision & Wahn), Robert Rescue (Vision & Wahn, Brauseboys), Thomas Manegold (Vision & Wahn, OWUL), Clint Lukas (Surfpoeten), Dirk Bernemann (OWUL), Frank Klötgen (Spree vom Weizen), Mena Koller (Lunge), Konrad Endler (Surfpoeten), Arno Wilhelm (Dichtungsring), Michael André Werner (Brutusmörder), Mareike Barmeyer (Rakete 2000), Matthias Stohr-Niklas (Dichtungsring), Heiko Heller, Theresa Rath, Paul Waidelich, CKLKH Fischer.
Russian-Chinese Military Cooperation
This report seeks to establish a detailed understanding of the extent of military cooperation between Russia and China, focusing on military diplomacy and other political aspects of the relationship, military-technical cooperation, and exercises and joint operations. We find that China-Russia military cooperation has not always grown linearly over time. At various points, some aspects of cooperation have undergone periods of rapid expansion, while others stagnated. After undergoing a period of rapid expansion from 2014 to 2019, Russian-Chinese military cooperation has largely plateaued in recent years, with little evidence of continued expansion in either military-technical cooperation or joint military activities since 2020. While mutual symbolic benefits suggest that both countries’ leaders will continue to highlight military cooperation, in determining the trajectory of the relationship over the next three to five years, observers should focus on trends in these activities, rather than on political rhetoric.
(Re)calientes
¿Qué es el cambio climático? ¿Por qué debería preocuparnos el hábitat de los osos polares mientras podamos mantener nuestras rutinas cotidianas? La temperatura promedio de la Tierra subió 1,2 °C desde 1750. Parece poquito, una pavada. Pero fue suficiente para desencadenar una serie de modificaciones irreversibles en todo el mundo, con consecuencias devastadoras: incendios indomables, que pueden devorar desde Córdoba hasta California, desde Corrientes hasta Siberia o Australia; fenómenos climáticos extremos, como el huracán que en 2020 inundó el subterráneo de Nueva York; acidificación de los océanos que arrasa con numerosas especies. Este libro nos explica el abecé del gran...
Q-Z, appendix
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Adweek
Vols. for 1981- include four special directory issues.
