Photo: Future of Globalisation

The section Future of Globalisation in this blog provides a platform for debates on current world economic issues, global power shifts and views on the roles of formal and informal global governance institutions. It is an initiative of the German Development Institute / Deutsches Institut für Entwicklungspolitik (DIE). The blog posts, appearing on every first and third Wednesday each month, are written by researchers from DIE and our international partners, amongst them numerous prestigious think tanks from rising powers. In this blog, the authors of the contributions represent only their personal opinion. While aiming at cutting-edge research content, the blog intends to reach a broader audience of researchers, government officials and journalists. With this blog we carry on discussions that had initially been launched in 2016 as part of the Think20 process during the German G20 presidency. In 2018, we aim at continuing the debate about the role of the G20 broadening the focus of discussion to institutional and thematic matters of global economic governance.

The economic consequences of Mr Trump

Image: Balance

Impact on global trade balance

Ninety-two years ago, John Maynard Keynes wrote his famous essay The Economic Consequences of Mr Churchill. Economists today are going through a similar process for Mr Trump. Indeed the critical questions for the G20 this year are what the consequences will be of Mr Trump’s policies for the G20’s macroeconomic agenda, and what can the G20 do to address them.

 

Climate Protection under Trump: Implications for the G20

Photo: Coal Power Plant and Wind Turbines

climate protection more important than ever

The new U.S. President Donald Trump has vowed to depart from the climate agenda of his predecessor Barack Obama and introduce a new energy policy. This expected policy shift, if realized, will deal a blow to the G20’s commitments on energy and climate. As a forum of 19 emerging and industrialized markets, plus the European Union, the G20 is responsible for 82% of global emissions related to the energy sector. The G20 countries thus have a key role to play in curtailing global emissions and implementing the Paris Agreement on climate change.

Key Policy Actions for Sustainable Land and Water Use to Serve People

Network and data exchange over planet earth in space

Consider Land, water, and energy jointly in policies

Just in time for the meeting of the G20 Agricultural Ministers on 22 January 2017 in Berlin the T20 Task Force “Towards Ending Hunger and Sustainable Agriculture” published its Policy Brief on Key Policy Actions for Sustainable Land and Water Use to Serve People.

Strengthening the G20 sustainable energy agenda – the way forward

Photo: wind turbines in Oiz eolic park at sunset

Preparing a global „Energiewende“

The 2017 G20 summit takes place in the country that has won international recognition for its “Energiewende” – a fundamental transformation of its energy system. This provides an important window of opportunity for strengthening the G20 agenda on sustainable energy. The world’s overall energy supply is still heavily dependent on fossil fuels, which undermines climate protection objectives, and the resilience of financial markets. With falling costs of renewable energies and global efforts to combat climate change, investments in fossil fuels and nuclear energy bear significant risks for stranded assets and thus the long-term stability of financial markets.

Making Germany’s 2017 G20 priorities a reality

Image: Buildings at Hamburger Hafen

Priorities for the Hamburg summit

There are seven months left until the 2017 G20 Summit takes place in Hamburg. With the German Government having released its priorities as the incoming G20 president in December 2016, what can we realistically now hope for in Hamburg? One way to think about this question is to cast our minds forward to July 9, the day after the Hamburg Summit, and consider whether the announced priorities are liable to have helped or hindered G20 negotiations in 2017. However, this raises a further question – what sort of achievements or progress should we be looking for to determine if the Hamburg Summit is a success?