Abstract
Massive investment in clean energy is the best guarantee of energy security.
Contents
Massive investment in clean energy is the best guarantee of energy security.
THE SCRAMBLE FOR ENERGY
A Call to Clean Energy
The global energy crisis highlights the need for a massive surge in clean energy investment
Fatih Birol
Bumps in the Energy Transition
Despite a growing global consensus, obstacles to reducing net carbon emissions to zero are stark
Daniel Yergin
Green Growth Opportunities
How developing economies can capitalize on the green transition
Ricardo Hausmann
Nuclear Resurgence
The energy security case for nuclear power is building
Ted Nordhaus and Juzel Lloyd
Hydrogen’s Decade
The global race for clean hydrogen means new geopolitical realities and interdependence
Tijs Van de Graaf
From Abundance to Thirst
The world has gone from plentiful cheap energy to scarcity, amid low investment and war
Andrea Pescatori and Martin Stuermer
Beating the European Energy Crisis
The EU needs a grand bargain that reduces demand, increases supply, and keeps energy markets open
Jeromin Zettelmeyer, Simone Tagliapietra, Georg Zachmann, and Conall Heussaf
Helping Europe’s Households
Governments risk worsening the energy crisis by seeking to suppress price rises—there are better options
Oya Celasun and Dora Iakova
America’s Landmark Climate Law
The Inflation Reduction Act must spur virtuous competition, not vicious protectionism
Jason Bordof
The Search for Clean Energy: Chile, Indonesia, and Kenya
Countries around the world are pursuing viable alternatives to fossil fuels
John Bartlett, Harry Jacques, and Will Brown
ALSO IN THIS ISSUE
The Digital Gender Gap
A bigger role for women in digital finance can enhance company performance and economic growth
Purva Khera, Sumiko Ogawa, Ratna Sahay, and Mahima Vasishth
Cities after the Pandemic
The lure of urban life remains strong, but some cities could benefit at the expense of others
David M. Cutler and Edward Glaeser
DEPARTMENTS
People in Economics
Questioning Assumptions
Peter J. Walker profiles Berkeley’s Emi Nakamura, who delves into the big questions
Picture This
Energy Transitions
We need much more than just solar and wind to achieve a clean energy transition
Andrew Stanley
Café Economics
Reading the Tea Leaves on Household Debt
Amir Suf talks about the state of household debt and much more
Paulo Medas
In the Trenches
Pipeline Diplomacy
Piotr Naimski explains Poland’s decision to pursue energy independence
Back to Basics
What Is Sovereign Debt?
It plays a pivotal role in the world economy but
comes with risks
S. M. Ali Abbas and Alex Pienkowski
Book Reviews
Gender and the Dismal Science: Women in the Early Years of the Economics Profession, Ann Mari May
Labor in the Age of Finance: Pensions, Politics, and Corporations from Deindustrialization to Dodd-Frank, Sanford M. Jacoby
Currency Notes
For the Love of Cricket
Barbados’ $5 banknote pays tribute to the man who united West Indian cricket
Analisa R. Bala
FINANCE & DEVELOPMENT
A Quarterly Publication of the International Monetary Fund
EDITOR-IN-CHIEF:
Gita Bhatt
MANAGING EDITOR:
Maureen Burke
DEPUTY MANAGING EDITOR:
Peter Walker
SENIOR EDITORS:
Analisa R. Bala Marjorie Henriquez Nicholas Owen
ASSISTANT EDITOR:
Andrew Stanley
DIGITAL EDITOR:
Kwabena Akuamoah-Boateng
CREATIVE AND MARKETING:
Rose Kouwenhoven
WEB EDITOR:
Rekia Ennaboulssi
PRODUCTION MANAGER:
Melinda Weir
COPY EDITOR:
Lucy Morales
ADVISORS TO THE EDITOR:
Ruchir Agarwal
Bernardin Akitoby
Steven Barnett
Helge Berger
S. Pelin Berkman
Oya Celasun
Martin Čihák
Alfredo Cuevas
Era Dabla-Norris
Mame Astou Diouf
Rupa Duttagupta
Davide Furceri
Kenneth Kang
Subir Lall
Raphael Lam
Papa N’Diaye
Mahvash Qureshi
Uma Ramakrishnan
Daria Zakharova
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