International Economics: IB Economics
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International Economics: IB Economics
Economy
A collection of articles relating to the 'international' elements of Economics and relating to IB, Pre-U and A-Level Economics.
Curated by Graham Watson
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We really could triple renewables by 2030, but it won’t be a breeze | Energy industry | The Guardian

We really could triple renewables by 2030, but it won’t be a breeze | Energy industry | The Guardian | International Economics: IB Economics | Scoop.it
From www.theguardian.com - December 10, 2023 5:38 AM
The prospect of halving demand for coal is a goal worth striving for, but governments must stay the course
Graham Watson's insight:

The Guardian reports that the delegates at COP28 are committed to tripling the world's renewable energy capacity to reduce fossil fuel consumption by 2030. It's an ambitious target but if it were reached it would halve coal consumption. 

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Will Germany’s energy policy lead to economic failure? | Hans-Werner Sinn | The Guardian

Will Germany’s energy policy lead to economic failure? | Hans-Werner Sinn | The Guardian | International Economics: IB Economics | Scoop.it
From www.theguardian.com - November 26, 2022 2:42 AM
Despite ambitious green goals, the country’s over-reliance on Russian gas has forced it back to coal and expensive imports
Graham Watson's insight:

Hans-Werner Sinn wonders whether Germany's energy policy, and the short-sighted decision to phase out nuclear power after the Fukushima disaster in Japan, is going to have significant adverse consequences for the economy. 

 

This, and the reliance on Russian gas, have meant that Germany has had to revert back to the use of domestic and imported LNG with adverse environmental consequences. As a result, he wonders how this will affect the economy's ability to hit its macroeconomic objectives. 

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Botswana must curb diamond reliance

Botswana must curb diamond reliance | International Economics: IB Economics | Scoop.it
From www.youtube.com - February 4, 2021 4:15 AM

After a year in lockdown caused a slump in diamond exports, Botswana's president said the country needs to diversify its economy.

Graham Watson's insight:

A brief clip from Reuters, which highlights the danger of depending upon primary product exports. In this case, Botswana's diamond exports have been adversely affected by the closure of the South African border and this has had a precipitous effect upon export revenues.

 

As a result, the country is looking to develop other sectors of its economy, notably coal, but it will need to improve its infrastructure if it is going to do so.

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Chinese port bans imports of Australian coal, sending dollar tumbling | Business | The Guardian

Chinese port bans imports of Australian coal, sending dollar tumbling | Business | The Guardian | International Economics: IB Economics | Scoop.it
From www.theguardian.com - February 21, 2019 4:09 AM
Dalian has blocked imports from China’s top supplier, Reuters reports, amid simmering diplomatic tension between Beijing and Canberra
Graham Watson's insight:

Has another trade war emerged - with Dalian banning imports of Australian coal? If so, keep watching: easy to win, apparently. And equally easy to identify the welfare effects of such a move. 

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Australian government approves first new coal mine since elected

Australian government approves first new coal mine since elected | International Economics: IB Economics | Scoop.it
From www.bbc.co.uk - May 12, 2023 5:21 AM
The government came to power a year ago promising greater action on climate change.
Graham Watson's insight:

Another example of how climate change goals can be compromised by the need to generate economic growth. Having been elected on a climate change platform the Australian government have given the go-ahead for investment in a new coal mine in Queensland. Trade-offs, anyone? 

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EU to propose fresh sanctions including ban on Russian coal | Russia | The Guardian

EU to propose fresh sanctions including ban on Russian coal | Russia | The Guardian | International Economics: IB Economics | Scoop.it
From www.theguardian.com - April 5, 2022 2:11 PM
Plans include transaction ban on four key banks as EU says it is working on banning oil imports
Graham Watson's insight:

And here come more sanctions, additional sanctions on Russian banks, and an EU embargo of Russian coal. It seems as though events in Bucha have, rightly, drawn a response. 

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Australia seeks clarification on China coal import 'block'

Australia seeks clarification on China coal import 'block' | International Economics: IB Economics | Scoop.it
From www.bbc.co.uk - February 22, 2019 2:51 AM
Canberra is seeking "urgent" clarification about reports that a key Chinese port has blocked imports.
Graham Watson's insight:

It seems that there's a degree of confusion about whether or not Australian coal has been blocked from entering China - it's not the only area of international trade where uncertainty reigns. 

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