Special
It’s hard to underestimate the relevance of stationary energy storage for the energy transition. This note outlines what stationary energy storage is, shows various storage technologies and predicts where the market will boom in coming years.
Special
Post-COP26, the 1.5°C target is still out of reach, but the gap narrows as Glasgow brought some progress. Paris Agreement Rulebook was finalized and new emission reduction pledges were announced. Yet, credibility concerns cast some shadow over these announcements and climate finance remains unsettled.
Economisch commentaar
The rising tensions between China, the EU, US, UK and Canada could have wide implications, from hurting the chances of ratifying the recent EU China investment deal to effects on the global supply of cotton.
Special
China’s new five year plan is ambitious, yet it contains inherent trade-offs. When push comes to shove, we believe China will sacrifice growth for resilience and deleveraging for domestic stability.
Special
Offsetting CO2-emissions through voluntary carbon credits plays a role in the transition to a zero-carbon economy. Although the market is small and oversupplied, things are changing. Demand from non-regulated sectors like aviation is driving market growth.
Economisch Kwartaalbericht
De wereldeconomie zal dit jaar herstellen van de coronacrisis, aangevoerd door de Verenigde Staten en China. Door het snelle herstel maken de markten zich zorgen over inflatie. Hierdoor lopen de rentes op. Wij denken dat deze stijging tijdelijk is.
Economisch commentaar
The first signs of Japan’s economic recovery are here, albeit tentative. More fiscal stimulus is on the way. More monetary stimulus might be on the way as well, since core inflation has been negative for three months in a row.
Special
The unequal balance between developed and emerging economies becomes painfully clear in the different government response packages to COVID-19. Emerging markets are constrained in their ability to finance appropriate fiscal packages.
Economisch Kwartaalbericht Engelstalige versie
De wereldeconomie lijkt haar dieptepunt te hebben bereikt en veel landen beginnen weer te herstellen. Dit herstel wordt echter verstoord door onzekerheden die samenhangen met (i) de tweede en derde coronagolf, (ii) op de loer liggende negatieve effecten op arbeidsmarkt en productiviteit en (iii) oplopende geopolitieke spanningen.
Economisch commentaar
The Bank of Japan will probably take a break from stimulus, for now. Meanwhile, coronavirus cases are on the rise again in Tokyo, as are tensions with China. Both represent downside risks to our outlook.
Special
We have revised our economic forecasts and expect the global economy to contract by 2.6% in 2020. How quickly the economy recovers after the coronavirus crisis depends on how fast people get back to work and whether productivity growth is permanently damaged.
Special
We have changed our base case and now expect a recession in virtually all G10 countries, which will lead world economic growth to slow to 0.7% for 2020, the weakest this figure has been since the great financial crisis of 2008/2009.
Economisch Kwartaalbericht Engelstalige versie
Het coronavirus heeft een grote impact op de wereldeconomie. China zal als epicentrum van het virus veel minder hard groeien, maar ook andere landen waar het virus niet wijdverspreid is ondervinden last door onzekerheid bij consumenten en bedrijven.