Trade and environment

Jaime de Melo's work explores the reasons for the successive failures at regional, plurilateral, and multilateral levels to agree on the reduction of barriers to trade in goods and services. He advocates for a concerted effort to reduce plurilateral (and eventually multilateral) barriers (tariffs and non-tariff barriers) on trade in environmental goods.  

In a FERDI Brief (B256), Sylviane Guillaumont Jeanneney shows that systematic use of exchange rate depreciation to boost competitiveness leads to specialisation in the export of industrial goods that emit high levels of CO2, and to excessive exploitation of forest resources, and recommends a more balanced approach, favouring a stable monetary policy and fiscal and institutional reforms to support foreign trade and improve balance of payments.

Achievements 2023-2024

At the 50th anniversary of the Central Bank of Madagascar Sylviane Guillaumont Jeanneney presented and discussed the results of her work on the links between exchange rate policy and climate change. 

↪ A special issue of the Revue d'Économie du Développement has been published following the Banque de France - FERDI - AFD conference on the financial decisions of African countries in response to climate change. Several articles in this issue explore the connections between exchange rates and CO2 emissions. 

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