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  • Internationale Energieagentur  (246)
  • International Monetary Fund  (77)
  • Paris : OECD Publishing  (247)
  • Washington, D.C : The World Bank  (76)
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  • 1
    ISBN: 9789264754362
    Sprache: Englisch
    Seiten: 1 Online-Ressource (179 p.)
    Schlagwort(e): Energy
    Kurzfassung: The Breakthrough Agenda Report 2023 is an annual collaboration between the International Energy Agency (IEA), the International Renewable Energy Agency (IRENA) and the United Nations Climate Change High-Level Champions, focused on supporting stronger international collaboration to drive faster reductions in global greenhouse gas emissions. This year's report shows that current efforts on clean energy and sustainable solutions, while improving, are not yet delivering the levels of investment and deployment required to meet international climate goals. In response, it calls on governments to strengthen collaboration in key areas – such as standards and regulation, financial and technical assistance and market creation – to turbocharge the transition. The second annual report assesses progress made since 2022 in priority areas for international collaboration, and sets out a series of recommendations for countries to work together in each sector to help reduce emissions over the next decade and stave off the worst effects of climate change. The report shows how the transition to clean energy and sustainable solutions is accelerating across many sectors, with unprecedented expansion in technologies such as electric vehicles and solar PV. It highlights that electric passenger cars are set to account for 18% of total car sales in 2023, while investment in clean energy technologies is significantly outpacing spending on fossil fuels. But other high emissions and hard-to-abate sectors such as steel, hydrogen and agriculture are not transitioning quickly enough despite encouraging progress in some areas. The report found that in the past year, only modest progress has been made in strengthening international collaboration in the areas where it is most needed. Progress has been made in expanding financial assistance to developing countries in some sectors, and in joint research and development initiatives. But much more progress is needed in aligning policies to create demand for clean technologies, and in establishing dialogue on trade in sectors where this is likely to be critical to the transition. In most sectors, participation in the leading initiatives for practical cooperation still falls short of a majority of the global market. The report argues that greater political commitment is needed to progress from softer forms of collaboration, such as sharing best practice, to harder forms such as alignment of standards and policies, which are more difficult but can yield greater gains in mobilising investment and accelerating deployment.
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  • 2
    ISBN: 9789264422315
    Sprache: Englisch
    Seiten: 1 Online-Ressource (54 p.)
    Schlagwort(e): Wasserstofftechnologie ; Erneuerbare Energie ; Oman ; Energy ; Oman
    Kurzfassung: The production of hydrocarbons has a dominant role in Oman's economy with oil and gas representing around 60% of total export income in recent years. In 2022, Oman announced a target to become net zero by 2050 and an aim to significantly ramp up the domestic production of hydrogen from renewable electricity. The country is well placed to produce large quantities of renewable hydrogen and hydrogen-based fuels like ammonia thanks to its high-quality renewable resources. Oman has also vast amounts of land for large-scale project development, and existing fossil fuel infrastructure that can be used or repurposed for low-emission fuels. Oman can become a competitive producer and exporter of renewable hydrogen and ammonia already by the end of this decade, while simultaneously increasing the share of renewables in its power mix. This new IEA report – the first of its kind analysing the potential of renewable hydrogen in a producer economy – indicates that renewable hydrogen is set to bring multiple benefits in terms of investment, natural gas savings and avoided CO₂ emissions as Oman transitions towards a net zero economy.
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  • 3
    Online-Ressource
    Online-Ressource
    Paris : OECD Publishing
    ISBN: 9789264445222
    Sprache: Englisch
    Seiten: 1 Online-Ressource (213 p.)
    Serie: IEA Energy Policy Reviews
    Schlagwort(e): Australien ; Energiepolitik ; Energy ; Australia
    Kurzfassung: Since the IEA’s last review in 2018, Australia has significantly raised its climate ambitions, with the 2022 Climate Change Act doubling the target for emissions reductions by 2030 and setting the goal of reaching net zero emissions by 2050. To match these increased ambitions, Australia is seeking to update its existing strategies, starting with the preparation of a new emissions reduction plan for 2050. Emission reductions and energy efficiency improvement rates need to double by 2030, and further steps will be required to achieve the government’s clean electricity target. Such efforts would support both climate and energy security goals. To support its clean energy transition, Australia needs to strengthen its resilience to supply disruptions across all fuels, whether from climate change impacts or global energy price shocks. Flexibility, fuel availability and resilient infrastructure will become even more vital as Australia’s energy system incorporates very high shares of variable renewables and is likely to face more frequent and more extreme weather events. Gas market reforms can help ensure energy security during the transition. In this report, the IEA provides energy policy recommendations to help Australia effectively manage the transformation of its energy sector in line with its goals.
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  • 4
    Online-Ressource
    Online-Ressource
    Paris : OECD Publishing
    ISBN: 9789264455955
    Sprache: Englisch
    Seiten: 1 Online-Ressource (83 p.)
    Schlagwort(e): Kritische Metalle ; Mineral ; Rohstoffvorkommen ; Welt ; Energy ; Statistik
    Kurzfassung: The inaugural edition of the Critical Minerals Market Review provides a major update on the investment, market, technology and policy trends of the critical minerals sector in 2022 and an initial reading of the emerging picture for 2023. Through in-depth analyses of clean energy and mineral market trends, this report assesses the progress made by countries and businesses in scaling up future supplies, diversifying sources of supply, and improving sustainable and responsible practices. It also examines major trends for individual minerals and discusses key policy implications. The report will be followed by a forthcoming analysis that will feature comprehensive demand and supply projections for key materials and a number of deep-dives on key issues. It also makes available an online tool, the Critical Minerals Data Explorer, which allow users to explore interactively the latest IEA projections.
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  • 5
    Online-Ressource
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    Paris : OECD Publishing
    ISBN: 9789264646056
    Sprache: Englisch
    Seiten: 1 Online-Ressource (108 p.)
    Schlagwort(e): Dekarbonisierung ; Energiepolitik ; Industriepolitik ; Uganda ; Energy ; Uganda
    Kurzfassung: Uganda’s Energy Transition Plan (ETP) is a strategic roadmap for the development and modernisation of Uganda’s energy sector. It charts an ambitious, yet feasible pathway to achieve universal access to modern energy and power the country’s economic transformation in a sustainable and secure way. The plan was developed by Uganda’s Ministry of Energy and Mineral Development, with support from the International Energy Agency, and provides the groundwork for the government’s upcoming Integrated Energy Resource Master Plan. The analysis does not just look at Uganda in isolation but considers how global trends are influencing and opening up new opportunities, notably driven by rapidly evolving clean technology costs and shifts in energy and climate finance. Particular focus is paid to making use of the country’s considerable energy and mineral resources, and parlaying this into economic development for Uganda, a core pillar to ensure the pathway in the ETP is a just and inclusive one. The report provides detailed sector-by-sector analysis, including key targets and milestones, estimates of investment needs, and includes high-level recommendations for its implementation. While the focus of the report is from now to 2050, the ETP also highlights key steps to further the energy sector’s decarbonisation beyond 2050 and estimates at what point the energy sector is poised to reach net zero.
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  • 6
    Online-Ressource
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    Paris : OECD Publishing
    ISBN: 9789264939745
    Sprache: Englisch
    Seiten: 1 Online-Ressource (157 p.)
    Schlagwort(e): Energiepolitik ; Dänemark ; Energy ; Denmark
    Kurzfassung: Government action plays a pivotal role in ensuring secure and sustainable energy transitions and combatting the climate crisis. Energy policy is critical not just for the energy sector but also for meeting environmental, economic and social goals. Governments need to respond to their country’s specific needs, adapt to regional contexts and help address global challenges. In this context, the International Energy Agency (IEA) conducts Energy Policy Reviews to support governments in developing more impactful energy and climate policies. This Energy Policy Review was prepared in partnership between the Government of Denmark and the IEA. It draws on the IEA's extensive knowledge and the inputs of expert peers from IEA member countries to assess Denmark’s most pressing energy sector challenges and provide recommendations on how to address them, backed by international best practices. The report also highlights areas where Denmark’s leadership can serve as an example in promoting secure clean energy transitions. It also promotes the exchange of best practices among countries to foster learning, build consensus and strengthen political will for a sustainable and affordable clean energy future.
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  • 7
    Online-Ressource
    Online-Ressource
    Paris : OECD Publishing
    ISBN: 9789264886247
    Sprache: Englisch
    Seiten: 1 Online-Ressource (98 p.)
    Schlagwort(e): Energiewirtschaft ; Arbeitsmarkt ; Beschäftigungsstruktur ; Erwerbstätigkeit ; Welt ; Energy
    Kurzfassung: The second edition of the World Energy Employment (WEE) report tracks the evolutions of the energy workforce from before the pandemic, through the global energy crisis, to today. The report provides a comprehensive stock-take of energy employment with estimates of the size and distribution of the labour force across regions, sectors, and technologies. The dataset provides granularity on workers along the entire energy value chain, covering fossil fuel supply, bioenergy, nuclear, low-emissions hydrogen, power generation, transmission, distribution, and storage; and key energy-related end uses, including vehicle manufacturing and energy efficiency for buildings and industry, among other segments. Additionally, WEE 2023 includes for the first time employment data for the extraction of selected critical minerals, including copper, cobalt, nickel and lithium. This year’s report also benchmarks energy employment needs against an outlook to 2030 across IEA scenarios, outlining key policies that could help countries cultivate and maintain a skilled energy workforce throughout the energy transition. WEE 2023 explores in depth the risks of skilled labour shortages and how this may influence the outlook for the industry and includes new analysis on skills, certifications, wages, and job postings. The findings signal that the ongoing shifts in energy employment will continue and can present both opportunities and risks. With the right enabling measures in place, policy makers, energy companies, labour representatives, educational and vocational training institutions, and other key stakeholders can work in concert to avoid labour transition risks while ensuring the transition to cleaner sources of energy remains people-centred.
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  • 8
    ISBN: 9789264702967
    Sprache: Englisch
    Seiten: 1 Online-Ressource (130 p.) , 21 x 28cm.
    Schlagwort(e): Energy
    Bibliothek Standort Signatur Band/Heft/Jahr Verfügbarkeit
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  • 9
    Online-Ressource
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    Paris : OECD Publishing
    ISBN: 9789264828308
    Sprache: Englisch
    Seiten: 1 Online-Ressource (93 p.)
    Schlagwort(e): Erneuerbare Energie ; Energieeinsparung ; Innovation ; Förderung erneuerbarer Energien ; China ; Energy ; China, People’s Republic
    Kurzfassung: In the last 20 years, the People’s Republic of China (hereafter, “China”) has strengthened its position on the global stage as an energy innovator, as illustrated by the stories of solar power and, more recently, electric mobility. This is the result of several decades of increasing policy focus on technology innovation, which underpin China’s ambitions to become a producer of knowledge and foster innovation-driven socio-economic development. Looking forward, clean energy innovation will play a crucial role to achieve China’s objectives of carbon peaking by 2030 and neutrality by 2060, and ranks among core government priorities for the 14th Five-Year Plan period (2021-2025). This report builds on the IEA Energy Sector Roadmap to Carbon Neutrality in China chapter on “Innovation for carbon neutrality”, and provides complementary and new analysis and information. It maps the institutional and policy landscape of clean energy innovation in China and shows trends for selected metrics to track and explain progress of technology development.
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  • 10
    ISBN: 9789264444218
    Sprache: Englisch
    Seiten: 1 Online-Ressource (171 Seiten)
    Schlagwort(e): Energy
    Kurzfassung: The buildings sector plays a key role in decarbonising the global economy. In the Association of Southeast Asian Nations (ASEAN), buildings account for close to a quarter of the region’s total final energy consumption and energy-related CO2 emissions. With continued economic development, urbanisation and population growth across the region, the International Energy Agency’s (IEA) analysis shows that both final energy consumption and CO2 emissions in buildings will continue to grow without ambitious policy actions. Improving the energy efficiency of building envelopes and systems, increasing renewable energy utilisation, phasing out the use of traditional biomass and switching to clean cooking and electricity, while enhancing energy access for vulnerable households across the region, can result in more than a 60% reduction in CO2 emissions from buildings by 2040 in relation to 2020, and provide many other benefits to households, society and governments.The Roadmap for Energy-Efficient Buildings and Construction in ASEAN focuses on the policy tools available for ASEAN Member States to drive energy efficiency improvements in the building sector to help meet growing needs for residential and non-residential floor space and energy services, while limiting the growth in energy demand and related emissions. It identifies key energy-efficient and lowcarbon actions and activities that governments could consider for implementation by 2025, 2030 and beyond, moving towards net zero-carbon buildings.
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  • 11
    Online-Ressource
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    Paris : OECD Publishing
    ISBN: 9789264451858
    Sprache: Englisch
    Seiten: 1 Online-Ressource (177 Seiten)
    Serie: IEA Energy Policy Reviews
    Schlagwort(e): Energiepolitik ; Polen ; Energy ; Poland ; Amtliche Publikation
    Kurzfassung: The International Energy Agency (IEA) regularly conducts in-depth peer reviews of the energy policies of its member countries. This process supports energy policy development and encourages the exchange of international best practices and experiences to help drive secure and affordable clean energy transitions.Poland’s energy policy aims to decarbonise its energy supply through expanding renewable energy, introducing nuclear energy, powering transportation through electricity, and increasing energy efficiency across the economy. A central aspect of Poland’s energy policy is reducing the reliance on coal, especially for electricity generation and building heating. There is a strong policy focus on energy security and ensuring a just transition that maintains affordable access to energy and protects vulnerable consumers, while promoting economic growth.Poland has made notable progress on energy transition. It has one of the fastest growing markets for distributed solar PV in Europe, and it has developed a strong programme to drive offshore wind deployment. Poland has also taken important steps to improve energy security, like diversifying energy imports away from Russia. However, the country’s energy mix is still dominated by fossil fuels. All sectors have considerable work ahead to meet targets for increasing the share of renewables, lowering energy demand and reducing emissions.In this report, the IEA provides a range of energy policy recommendations to help Poland smoothly manage the transition to an efficient and flexible low-carbon energy system.
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  • 12
    ISBN: 9789264866812
    Sprache: Englisch
    Seiten: 1 Online-Ressource (104 Seiten)
    Schlagwort(e): Energy
    Kurzfassung: Space cooling is the fastest-growing use of energy in buildings globally and in the Association of Southeast Asian Nations (ASEAN). Electricity use for cooling in buildings across the region has increased dramatically over the past decades. Yet today, only 15% of households in Southeast Asia have an air conditioner; fans represent around another 9% of residential energy use. With continued economic development and population growth across the region, the International Energy Agency (IEA) projects that air conditioner ownership across the ASEAN Member States (AMS) will continue to grow. This growth could see electricity demand from space cooling in the region grow to 300 TWh in 2040 – approximately equivalent to the total electricity consumption of Indonesia and Singapore combined.The Roadmap towards Sustainable and Energy-Efficient Space Cooling in ASEAN focuses on the policy tools available for AMS to drive energy efficiency improvements for space cooling. It sets ambitious milestones for space cooling technologies, including air conditioners and fans, that can help guide the ambitions outlined in this roadmap and subsequent action across ASEAN.
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  • 13
    Online-Ressource
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    Paris : OECD Publishing
    ISBN: 9789264812079
    Sprache: Englisch
    Seiten: 1 Online-Ressource (135 p.)
    Serie: IEA Energy Policy Reviews
    Schlagwort(e): Energiepolitik ; Armenien ; Energy ; Armenia
    Kurzfassung: This International Energy Agency (IEA) in-depth review of the energy policies of Armenia follows the same format as that used for the IEA peer reviews of member countries. This in-depth review of Armenia was conducted under the auspices of the EU4Energy programme, which is being implemented by the IEA and the European Union, along with the Energy Community Secretariat and the Energy Charter Secretariat. Armenia depends on imports to meet much of its energy needs, particularly natural gas from the Russian Federation. It is one of the few ex-Soviet republics to avoid significant energy subsidies, and it is the only country in the Caucasus region to possess a nuclear power plant. In January 2021, the government approved a new Energy Sector Development Strategic Programme that sets the path for the sector’s transition through 2040. Key government priorities include promoting maximum use of the country’s potential for renewable energy and energy efficiency; increasing power transmission links with Armenia’s neighbours; gradually liberalising the domestic electricity market; and maintaining and, possibly, increasing the role of nuclear power. This report assesses the energy sector and related challenges facing Armenia and proposes policy recommendations to improve sector governance, energy efficiency, and security of supply.
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  • 14
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    Paris : OECD Publishing
    ISBN: 9789264412040
    Sprache: Englisch
    Seiten: 1 Online-Ressource (29 Seiten)
    Schlagwort(e): Erneuerbare Energie ; Förderung erneuerbarer Energien ; Energiemarkt ; Welt ; Energy ; Statistik
    Kurzfassung: Renewable electricity capacity additions broke another record in 2021 and biofuels demand almost recovered to pre-Covid levels, despite the continuation of logistical challenges and increasing prices. However, the Russian Federation’s (hereafter, “Russia”) invasion of Ukraine is sending shock waves through energy and agriculture markets, resulting in an unprecedented global energy crisis. In many countries, governments are trying to shelter consumers from higher energy prices, reduce dependence on Russian supplies and are proposing policies to accelerate the transition to clean energy technologies. Renewable energy has great potential to reduce prices and dependence on fossil fuels in short and long term. Although costs for new solar PV and wind installations have increased, reversing a decade-long cost reduction trend, natural gas, oil and coal prices have risen much faster, therefore actually further improving the competitiveness of renewable electricity. However, how rapidly renewables can substitute fossil fuels hinges on several uncertainties and will depend on many factors. Will renewable electricity sources defy this global energy crisis and continue to expand quickly despite emerging political and macroeconomic challenges? At the same time, growth in biofuels demand faces significant headwinds from both lower transport demand growth and high biofuel prices. Will demand growth resume at historical rates? In exploring the most recent market and policy developments as of April 2022, our Renewable Energy Market Update forecasts new global renewable power capacity additions and biofuel demand for 2022 and 2023. It also discusses key uncertainties and policy-related implications that may affect projections for 2023 and beyond.
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  • 15
    ISBN: 9789264438965
    Sprache: Englisch
    Seiten: 1 Online-Ressource (88 p.)
    Schlagwort(e): Förderung erneuerbarer Energien ; Erneuerbare Energie ; Energiepolitik ; Indonesien ; Energy ; Indonesia
    Kurzfassung: This report was prepared on the basis of the framework for collaboration established by the International Energy Agency (IEA) and the Ministry of Energy and Mineral Resources (MEMR) of Indonesia on the topic of power system enhancement and renewable energy integration, and in support of the implementation of the upcoming Presidential Decree on renewable energy. It is part of the assistance provided by the IEA towards Indonesia’s efforts to reform its energy sector and is consistent with IEA’s forthcoming Energy Sector Roadmap to Net Zero Emissions in Indonesia. The overarching objective of the assignment was to assist Indonesia in tackling short-term power system challenges, by achieving key targets such as reaching a 23% share of renewable energy in the national electricity mix by 2025 in a secure and affordable fashion, and by making grids progressively smarter. The assignment included the organisation of a number of workshops for Indonesian stakeholders and a techno-economic study performed by the IEA. It benefited from the support of the state-owned utility Perusahaan Listrik Negara (PLN). This public report summarises the information gathered from the workshops and presents the results of the study in a set of recommendations for Indonesia.
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  • 16
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    Paris : OECD Publishing
    ISBN: 9789264885783
    Sprache: Englisch
    Seiten: 1 Online-Ressource (147 p.)
    Serie: IEA Energy Policy Reviews
    Schlagwort(e): Energiepolitik ; Norwegen ; Energy ; Norway
    Kurzfassung: The International Energy Agency (IEA) regularly conducts in-depth peer reviews of the energy policies of its member countries. This process supports energy policy development and encourages the exchange of international best practices and experiences. Since the last IEA review in 2017, Norway has remained a global pillar of energy security, providing the world with stable supplies of oil and gas produced in an environmentally conscious manner. Norway has updated its already ambitious targets to reduce greenhouse gas emissions, with plans to achieve 90-95% reductions (excluding sinks) from 1990 levels by 2050. Norway has considerable work ahead to meet these ambitious targets. Since its electricity generation produces nearly zero emissions already and the country has substantially electrified its energy demand, many of the easy wins for reducing emissions have already been achieved. The remaining reductions will be more complex, challenging and costly, notably in transport and industry. Norway has many natural advantages to facilitate a successful energy and climate transition. In particular, it can be well-positioned to lead the world on new technologies for decarbonising hard-to-abate sectors, such as electric vehicles, carbon capture and storage, and hydrogen, if the right policies and incentives are put in place. In this report, the IEA provides energy policy recommendations to help Norway effectively manage the transformation of its energy sector in line with its goals.
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  • 17
    ISBN: 9789264846029
    Sprache: Englisch
    Seiten: 1 Online-Ressource (50 p.)
    Schlagwort(e): Energiepolitik ; Aserbaidschan ; Energy ; Azerbaijan
    Kurzfassung: Long-term energy planning is central to a country’s strategic direction. Without it, governments may end up relying on a patchwork of policies and legislation that can be incoherent and ill-suited for the complex challenges countries are increasingly faced with. Good long-term energy planning encompasses domestic and foreign policy, while touching on many key areas of the economy including industry, natural resources and trade. The process involves multiple stakeholders across the government, but also brings in the private sector as well as citizens, as it aims to set out a strategic path towards a clear goal. Azerbaijan, like many of its peers, is looking to understand how best to meet the opportunities and complexities of the global clean energy transition. The 2014-2015 oil shock prompted the government to consider and draft a slate of new laws and reform packages, and at present efforts are being made to finalise and pass an energy strategy. The price volatility seen in global markets over 2020-2022 is making it even clearer that energy planning using scenario analysis and modelling will help countries successfully respond to new and unexpected challenges in a resilient fashion. This roadmap details the necessary steps in building that process and exploring relevant policy options that producer economies have pursued, which may be relevant to Azerbaijan. It then discusses data collection and survey design, which are key to establishing the base for energy modelling. The roadmap then looks at energy modelling and its role in policy making. This roadmap aims to help Azerbaijan reconsider the policy planning process as it looks to connect key laws and reforms into a greater energy strategy. It also sets out a path for Azerbaijan to make this process sustainable and iterative, connecting its policymakers with its statisticians, and investing in in-house modelling capacity. Every country must choose its own energy path, based on its specific needs and resources, but having a long-term plan can smooth out that path significantly.
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  • 18
    ISBN: 9789264632554
    Sprache: Englisch
    Seiten: 1 Online-Ressource (13 p.)
    Schlagwort(e): Energieversorgung ; Energiepolitik ; Erdgasmarkt ; Erdgasgewinnung ; Theorie ; Energy
    Kurzfassung: Russia’s unprovoked invasion of Ukraine has had a dramatic impact on the global energy system. Russia was the world’s largest oil and natural gas exporter in 2021, and energy markets have been thrown into turmoil, with major energy security and supply risks worldwide. Substantial gas resources currently are being produced that do not make it to market because they are lost to flaring and leaks across the oil and gas supply chain. This report estimates that nearly 210 billion cubic metres (bcm) of natural gas could be made available to gas markets by a global effort to eliminate non-emergency flaring and reduce methane emissions from oil and gas operations. If countries that currently export natural gas to the European Union were to implement these two measures, they could increase gas exports by more than 45 bcm using existing infrastructure, equivalent to almost one third of Russian gas exports to the EU in 2021.
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  • 19
    Sprache: Englisch
    Seiten: 1 Online-Ressource (73 p.) , 21 x 28cm.
    Schlagwort(e): Klimapolitik ; Internationale Klimapolitik ; Welt ; Economics ; Energy ; Environment
    Kurzfassung: In spite of progress made to date and the significant long-term ambition announced by many countries, climate policy actions remain insufficient to meet the Paris Agreement objectives. While several international initiatives aim to track and monitor climate policies, there is not yet a “go to” place for a comprehensive inventory of policy actions and best practices worldwide. Such a platform would also ideally serve to compare policies’ effectiveness reflecting the diversity of country circumstances. Progress in this direction would help to promote an ambitious but globally more coherent and better-coordinated approach to emission reductions through a broad range of policies. This report lays out a roadmap for data and analytical work to support this aim, with a view to enhancing global dialogue and building trust on issues spanning climate change mitigation policies and their macro-economic repercussions. Key elements to strengthen the assessment and comparison of countries’ climate change mitigation policies across countries include: broadening and deepening the stocktaking of mitigation policies; extending and agreeing on an operational methodology for estimating the impact of these policies on emissions and on potential metrics to compare them; and assessing the broader economic effects of different climate policies.
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  • 20
    ISBN: 9789264687844
    Sprache: Englisch
    Seiten: 1 Online-Ressource (159 p.)
    Schlagwort(e): Gründungsförderung ; Energietechnik ; Nachhaltige Energieversorgung ; Welt ; Energy
    Kurzfassung: This report highlights recent initiatives to inspire policy action at a time when innovation leadership by the public and private sectors is critical to meeting the net zero challenge. Countries around the world strive to become home to the next major company emerging from a start-up with a disruptive clean energy invention, and with good reason. Whilst aiding innovation in support of climate and energy goals, nurturing innovative start-ups to maturity can also create local economic prosperity because clean energy transitions will be a major market opportunity for all countries, all century long. Already, the number of government policy measures to help start-ups get new clean energy technologies to market has risen sharply since the Paris Agreement was signed in 2015. This is extremely encouraging given that energy technology start-ups continue to face challenges attracting patient capital and governments possess some unique resources to speed them through the phases to reach technical maturity while staying in business. Based on 14 detailed case studies and in-depth interviews, this report presents a range of impressive policy measures from a variety of different country contexts, and identifies eight key insights for effective policy to support clean energy start-ups.
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  • 21
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    Paris : OECD Publishing
    ISBN: 9789264540231
    Sprache: Englisch
    Seiten: 1 Online-Ressource (139 Seiten)
    Schlagwort(e): Energy
    Kurzfassung: Achieving Net Zero Heavy Industry Sectors in G7 Members is a new report by the International Energy Agency that focuses on the implementation of policies aimed at drastically lowering CO2 emissions from heavy industries in the G7 and beyond. This work, requested by Germany’s 2022 G7 Presidency, builds on analysis from the IEA’s Net Zero by 2050: A Roadmap for the Global Energy Sector. It follows Achieving Net Zero Electricity Sectors in G7 Members, produced as an input to the UK’s G7 Presidency in 2021.This report focuses on two key areas for achieving net zero heavy industry sectors in G7 members, both of which are priority areas for Germany’s 2022 G7 Presidency. The first is a toolbox of policies and financing mechanisms to initiate and sustain the industry sector transition. The second is a series of common and practicable definitions of what constitutes near zero emission steel and cement production, a key step to establishing future policy mechanisms, irrespective of the exact mitigation pathway or the specific technologies chosen. The report is designed to inform policy makers, material producers and consumers, investors, leading sectoral initiatives and the research community in the lead up to the G7 Climate and Energy Ministerial in May 2022, and beyond.
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  • 22
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    Paris : OECD Publishing
    ISBN: 9789264966192
    Sprache: Englisch
    Seiten: 1 Online-Ressource (250 p.)
    Paralleltitel: Erscheint auch als Africa energy outlook 2022
    Schlagwort(e): Energie ; Energiewirtschaft ; Energieversorgung ; Elektrizitätsversorgung ; Wirtschaftskrise ; Wirkung ; Auswirkung ; Energiebedarf ; Erneuerbare Energien ; Kapitalbeschaffung ; Klimaschutz ; Energiepolitik ; Strukturanpassung ; Beschäftigung ; Arbeit ; Szenario ; Energy ; Afrika
    Kurzfassung: Today’s global energy crisis underscores the urgency and magnitude of the task of transforming Africa’s energy sector, as well as the benefits of an accelerated shift to more affordable and cleaner sources of energy.The Africa Energy Outlook 2022 is a new special report from the International Energy Agency’s World Energy Outlook series. It explores pathways for Africa’s energy system to evolve toward achieving all African development goals, including universal access to modern and affordable energy services by 2030 and nationally determined contributions.The report analyses infrastructure expansion needs, investment requirements, financing options and energy policy priorities. It also explores a shifting fuel mix that supports resilient development, opportunities for new exports, and just transition issues – including energy access, affordability and employment.
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  • 23
    Online-Ressource
    Online-Ressource
    Paris : OECD Publishing
    ISBN: 9789264747760
    Sprache: Englisch
    Seiten: 1 Online-Ressource (62 p.)
    Schlagwort(e): Energy
    Kurzfassung: In the first half of 2022, many electricity markets continued to experience skyrocketing prices, particularly in Europe, reflecting deep uncertainties over both fossil fuel supplies and the economic outlook. Russia’s invasion of Ukraine shattered any hope of energy prices declining in the near term following the strong increases seen in the second half of 2021. In Europe, the situation prompted heightened ambitions and strengthened policies to advance clean energy transitions and reduce dependency on fuel imports. But in the short term, it also resulted in a partial return to coal-fired electricity generation. Sluggish economic growth is expected to dampen global electricity demand growth in 2022 and 2023 to less than half the rate seen in 2021. Despite gas-to-coal switching and low nuclear power plant availability in Europe, global electricity sector emissions may decline slightly in 2022 and 2023 – reflecting a combination of slowing power demand and displacement of fossil fuels by renewables. This July 2022 update of the IEA Electricity Market Report presents our latest forecasts for global electricity demand, supply and emissions through 2023. In light of Russia’s invasion of Ukraine, we also provide a special focus on the situation in Europe, discussing recent developments and future plans.
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  • 24
    ISBN: 9789264409828
    Sprache: Englisch
    Seiten: 1 Online-Ressource (127 p.)
    Schlagwort(e): CO2-Speicherung ; Energy
    Kurzfassung: Carbon capture, utilisation and storage (CCUS) technologies are an important solution for the decarbonisation of the global energy system as it proceeds down the path to net zero emissions. CCUS can contribute to the decarbonisation of the industrial and power generation sectors, and can also unlock technology-based carbon dioxide (CO2) removal. However, its successful deployment hinges on the availability of CO2 storage. For widespread CCUS deployment to occur, CO2 storage infrastructure needs to develop at the same speed or faster than CO2 capture facilities. CO2 has been injected into the Earth’s subsurface since the 1970s and dedicated CO2 storage (where CO2 is injected for the purpose of its storage and not for CO2-based enhanced oil recovery) has been occurring since 1996. There are seven commercial-scale dedicated CO2 storage sites today, with more than 100 others in development. Lessons learned from these sites, along with research, pilot and demonstration projects, contribute to our understanding of CO2 storage resources, their assessment and their development into CO2 storage sites.This IEA CCUS Handbook is an aid for energy sector stakeholders on CO2 storage resources and their development. It provides an overview of geological storage, its benefits, risks and socio economic considerations. The handbook is supported by an extensive glossary of CO2 storage-related terminology found at the end of this report .
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  • 25
    Online-Ressource
    Online-Ressource
    Paris : OECD Publishing
    ISBN: 9789264557697
    Sprache: Englisch
    Seiten: 1 Online-Ressource (55 p.)
    Schlagwort(e): Sonnenenergie ; Förderung erneuerbarer Energien ; Usbekistan ; Energy ; Uzbekistan
    Kurzfassung: This Solar Energy Policy in Uzbekistan Roadmap is part of the EU4Energy programme, a five-year initiative funded by the European Union. EU4Energy’s aim is to support the development of evidence-based energy policy design and data capabilities in Eastern Partnership and Central Asian countries, of which Uzbekistan is a part. The main purpose of this roadmap is to guide policy making at all levels to maximise the use of solar energy in Uzbekistan, and to serve as a precursor for a national solar energy strategy. The government of Uzbekistan is invited to consider incorporating the actions outlined in this roadmap so as to enhance the use of solar resources into a dedicated solar energy strategy. This roadmap primarily focuses on increasing solar generation in Uzbekistan's electricity mix, but also touches upon solar heat potential to reduce its dependence on fossil fuels. The roadmap aims to help Uzbekistan formulate its strategies and plans for solar energy deployment across all levels of government. It is also intended to support and guide the activities of other key stakeholders.
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  • 26
    Online-Ressource
    Online-Ressource
    Paris : OECD Publishing
    ISBN: 9789264585874
    Sprache: Englisch
    Seiten: 1 Online-Ressource (74 Seiten) , Illustrationen, Diagramme, Karten
    Schlagwort(e): Energy ; Carbon dioxide capture and storage ; Sequestrierung ; Kohlendioxid ; Abscheidung ; Methode ; Forschungsprojekt
    Kurzfassung: Direct air capture plays an important and growing role in net zero pathways. Capturing CO2 directly from the air and permanently storing it removes the CO2 from the atmosphere, providing a way to balance emissions that are difficult to avoid, including from long-distance transport and heavy industry, as well as offering a solution for legacy emissions. Air-captured CO2 can also be used as a climate-neutral feedstock for a range of products that require a source of carbon. In the IEA Net Zero Emissions by 2050 Scenario, direct air capture technologies capture more than 85 Mt of CO2 in 2030 and around 980 MtCO2 in 2050, requiring a large and accelerated scale-up from almost 0.01 MtCO2 today. Currently 18 direct air capture facilities are operating in Canada, Europe and the United States. The first large-scale direct air capture plant of up to 1 MtCO2/year is in advanced development and is expected to be operating in the United States by the mid-2020s. This report explores the growing momentum behind direct air capture, together with the opportunities and challenges for scaling up the deployment of direct air capture technologies consistent with net zero goals. It considers the current status of these technologies, their potential for cost reductions, their future energy needs, and the optimal locations for direct air capture facilities. Finally, the report identifies the key drivers for direct air capture investment and priorities for policy action.
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  • 27
    Online-Ressource
    Online-Ressource
    Paris : OECD Publishing
    ISBN: 9789264677029
    Sprache: Englisch
    Seiten: 1 Online-Ressource (151 Seiten)
    Serie: IEA Energy Policy Reviews
    Schlagwort(e): Energiepolitik ; Belgien ; Energy ; Belgium ; Amtliche Publikation
    Kurzfassung: The International Energy Agency (IEA) regularly conducts in-depth peer reviews of the energy policies of its member countries. This process supports energy policy development and encourages the exchange of international best practices and experiences to help drive secure, affordable and clean energy transitions.Belgium’s energy and climate policies push for energy transition through expanding renewable electricity generation and electrifying energy demand, especially for transport. Policies focus on maintaining affordable access to energy with the double aim of protecting vulnerable consumers and ensuring industrial competitiveness. Belgium has made notable progress on deploying offshore wind and increasing the share of electric vehicles. However, fossil fuels still dominate the country’s energy mix, a dependence that is expected to increase. All sectors have considerable work ahead of them to meet Belgium’s targets for increasing the share of renewables, lowering energy demand and reducing emissions.The IEA provides a range of energy policy recommendations in this report to help Belgium smoothly manage the transition to an efficient and flexible carbon-neutral energy system.
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  • 28
    ISBN: 9789264663183
    Sprache: Englisch
    Seiten: 1 Online-Ressource (116 Seiten)
    Schlagwort(e): Energy
    Kurzfassung: Distributed energy resources (DERs) are small-scale energy resources usually situated near sites of electricity use, such as rooftop solar panels and battery storage. Their rapid expansion is transforming not only the way electricity is generated, but also how it is traded, delivered and consumed.Accordingly, DERs can create new power system opportunities, but at the same time, can pose new challenges when a grid has not been properly prepared. Many jurisdictions are just beginning to understand how DERs fit into the wider energy landscape – what they are and what impacts they have on the grid, and how they can be used to improve system reliability and reduce overall energy costs. Meanwhile, other regions have built up experience with DERs, demonstrating that they can provide valuable services to the grid when incentivised with appropriate technologies, policies and regulations.Nonetheless, not all countries use the same electricity market model or are at the same stage of DER penetration, and the fit-for-purpose solutions will vary from place to place. This report reviews lessons from forerunners and distils best practices (with examples and case studies) to help policymakers, regulators and system operators across the globe understand what experience is most relevant to their own situation. Readers will be able to draw on a wide range of practical insights for electricity market design and regulation to help unlock the multiple grid benefits of DER technologies.
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  • 29
    ISBN: 9789264366909
    Sprache: Englisch
    Seiten: 1 Online-Ressource (111 p.)
    Schlagwort(e): Energy
    Kurzfassung: Carbon capture, utilisation and storage (CCUS) technologies are set to play an important role in putting the global energy system on a path to net zero. Successfully deploying CCUS relies on the establishment of legal and regulatory frameworks to ensure the effective stewardship of CCUS activities and the safe and secure storage of CO2. Several countries have already developed comprehensive legal and regulatory frameworks for CCUS. These form a valuable knowledge base for the growing number of countries that have identified a role for CCUS in meeting their climate goals, but which are yet to establish a legal foundation for CCUS, and particularly for CO2 storage. Increasingly, existing frameworks are also being tested as more commercial CCUS projects are developed, with important learnings for regulators. This IEA CCUS Handbook is a resource for policy makers and regulators on establishing and updating legal and regulatory frameworks for CCUS. It identifies 25 priority issues that frameworks should address for CCUS deployment, presenting global case studies and examining how different jurisdictions have approached these issues. The handbook is supported by a webbased legal and regulatory database, and model legislative text that is found at the end of this report.
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  • 30
    ISBN: 9789264559264
    Sprache: Englisch
    Seiten: 1 Online-Ressource (95 p.)
    Schlagwort(e): Energy ; Nuclear Energy
    Kurzfassung: Nuclear Power and Secure Energy Transitions: From Today’s Challenges to Tomorrow’s Clean Energy Systems is a new report by the International Energy Agency that looks at how nuclear energy could help address two major crises – energy and climate – facing the world today. Russia’s invasion of Ukraine and the disruptions in global energy supplies that it has fuelled have made governments rethink their energy security strategies, putting a stronger focus on developing more diverse and domestically based supplies. For multiple governments, nuclear energy is among the options for achieving this. At the same time, many governments have in recent years stepped up their ambitions and commitments to reach net zero emissions. Nuclear Power and Secure Energy Transitions expands upon the IEA’s landmark 2021 report, Net Zero by 2050: A Roadmap for the Global Energy Sector. It does so by exploring in depth nuclear power’s potential role as a source of low emissions electricity that is available on demand to complement the leading role of renewables such as wind and solar in the transition to electricity systems with net zero emissions. In this context, the report examines the difficulties facing nuclear investment, particularly in advanced economies, in the areas of cost, performance, safety and waste management. It considers the additional challenge of meeting net zero targets with less nuclear power than envisioned in the IEA Net Zero Roadmap, as well as what kind of cost targets could enable nuclear power to play a larger role in energy transitions. For countries where nuclear power is considered an acceptable part of the future energy mix, the new report identifies the potential policy, regulatory and market changes that could be implemented in order to create new investment opportunities. It also looks at the role of new technologies, particularly small modular reactors, and their potential development and deployment.
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  • 31
    ISBN: 9789264348868
    Sprache: Englisch
    Seiten: 1 Online-Ressource (89 p.)
    Schlagwort(e): Energy ; Environment
    Kurzfassung: The number of corporations announcing clean electricity pledges has increased substantially in recent years, with many companies setting specific goals to meet some or all of their electricity demand with clean supply. These goals can support new capacity in clean generation, helping to boost overall shares in power systems. Increasingly, clean electricity goals can be specified in different ways; this can have implications for the clean technologies procured, the amount and location of procurement, and the resulting emissions reduction. In some regions, corporates have a range of options to choose from when purchasing clean electricity; in other regions, legal and regulatory barriers still constrain engagement in corporate procurement. This report examines the options available and the ways in which they contribute to decarbonisation and, ultimately, net zero electricity goals. Using the IEA’s regional power system models for India and Indonesia, the report applies quantitative analysis to examine the implications of different procurement strategies for emissions reduction, procurement costs and technology deployment. A key finding is that when companies set more granular goals – such as matching their electricity demand hourly (rather than annually as has been the dominant practice) – it can stimulate deployment of the wider portfolio of flexible technologies needed for net zero transitions in the power sector. The report aims to guide corporates in choosing impactful ways to procure clean electricity. It also highlights the roles of policy makers, regulators, system operators and network owners and operators in increasing the availability and impact of corporate procurement options. The final chapter offers targeted recommendations for different stakeholder groups.
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  • 32
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    Paris : OECD Publishing
    ISBN: 9789264321267
    Sprache: Englisch
    Seiten: 1 Online-Ressource (144 Seiten)
    Schlagwort(e): Energieprognose ; Energieversorgung ; Südostasien ; Energy
    Kurzfassung: This work is the first region-focused energy outlook to be published by the IEA since the onset of the Covid-19 pandemic and the 26th Conference of the Parties in Glasgow, where participants reaffirmed their commitments to tackle climate change. The challenges facing energy policy makers – to provide clean, secure and affordable energy to all – have been made even more urgent by Russia’s invasion of Ukraine. This report highlights how countries in Southeast Asia can respond to the current energy crisis in ways that improve their energy security and also advance worldwide efforts to mitigate climate change.
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  • 33
    ISBN: 9789264620476
    Sprache: Englisch
    Seiten: 1 Online-Ressource (33 Seiten)
    Schlagwort(e): Ladeinfrastruktur ; Welt ; Energy
    Kurzfassung: The International Energy Agency prepared this report, within the framework of a Global Environment Facility (GEF) programme aimed at supporting low- and middle-income economies in their transition to E-mobility. It is the first deliverable of Working Group Four on Charging, Grid Integration, Renewable Power Supply and Battery Re-use, Recycling and Safe Disposal. Its objective is to provide policy makers with a comprehensive overview of the ecosystem of public charging infrastructure (defined as infrastructure that is publicly accessible), as well as key recommendations for its efficient deployment. Although it focuses on charging systems for light-duty vehicles, the report also discusses implications for two- and three-wheelers, as well as heavy-duty vehicles. The findings summarised here are informed by the many contributions and insights provided by international stakeholders. The IEA’s analysis begins with a definition of charging infrastructure and describes the different business models associated with it. We present a number of policy examples and conclude with five key recommendations for ensuring the efficient roll-out of public charging infrastructure.
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  • 34
    Online-Ressource
    Online-Ressource
    Paris : OECD Publishing
    ISBN: 9789264953253
    Sprache: Englisch
    Seiten: 1 Online-Ressource (45 p.)
    Schlagwort(e): Energy
    Kurzfassung: Secure, resilient and sustainable energy technology supply chains are central to successful clean energy transitions. The race to net zero emissions will redefine global energy security and shift the focus from the supply of fossil fuels to the supply of the minerals, materials and manufacturing capacity needed to deliver clean energy technologies. This report, Securing Clean Energy Technology Supply Chains, assesses current and future supply chain needs for key technologies – including solar PV, batteries for electric vehicles and low emissions hydrogen – and provides a framework for governments and industry to identify, assess and respond to emerging opportunities and vulnerabilities. The IEA highlights five key strategies to build secure, resilient and sustainable supply chains: Diversify, Accelerate, Innovate, Collaborate and Invest. This report has been prepared for the Sydney Energy Forum on 12-13 July 2022. The IEA is pleased to co-host the Forum alongside the Australian Government and in partnership with the Business Council of Australia. The report is a precursor to the 2023 edition of Energy Technology Perspectives, an IEA flagship report, which will present detailed analysis on what is needed to develop and expand a range of clean energy technology supply chains to achieve net zero emissions.
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  • 35
    Online-Ressource
    Online-Ressource
    Paris : OECD Publishing
    ISBN: 9789264910591
    Sprache: Englisch
    Seiten: 1 Online-Ressource (126 p.)
    Schlagwort(e): Photovoltaik ; Sonnenenergie ; Lieferkette ; Globalisierung ; Welt ; Energy
    Kurzfassung: Solar PV is a crucial pillar of clean energy transitions worldwide, underpinning efforts to reach international energy and climate goals. Over the last decade, the amount of solar PV deployed around the world has increased massively while its costs have declined drastically. Putting the world on a path to reaching net zero emissions requires solar PV to expand globally on an even greater scale, raising concerns about security of manufacturing supply for achieving such rapid growth rates – but also offering new opportunities for diversification. This special report examines solar PV supply chains from raw materials all the way to the finished product, spanning the five main segments of the manufacturing process: polysilicon, ingots, wafers, cells and modules. The analysis covers supply, demand, production, energy consumption, emissions, employment, production costs, investment, trade and financial performance, highlighting key vulnerabilities and risks at each stage. Because diversification is one of the key strategies for reducing supply chain risks, the report assesses the opportunities and challenges of developing solar PV supply chains in terms of job creation, investment requirements, manufacturing costs, emissions and recycling. Finally, the report summarises policy approaches that governments have taken to support domestic solar PV manufacturing and provides recommendations based on those.
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  • 36
    Online-Ressource
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    Paris : OECD Publishing
    ISBN: 9789264976764
    Sprache: Englisch
    Seiten: 1 Online-Ressource (110 p.)
    Schlagwort(e): Wärmepumpe ; Welt ; Energy
    Kurzfassung: Heat pumps, powered by low-emissions electricity, are the central technology in the global transition to secure and sustainable heating. This report, provides an outlook for heat pumps, identifying key opportunities to accelerate their deployment. It also highlights the major barriers and policy solutions, and explores the implications of an accelerated uptake of heat pumps for energy security, consumers’ energy bills, employment and efforts to tackle climate change.Around 10% of space heating needs globally were met by heat pumps in 2021, but the pace of installation is growing rapidly with sales at record levels. Government policy support is needed, though, to help consumers overcome heat pumps’ higher upfront costs relative to alternatives. Financial incentives for heat pumps are already available in over 30 countries, which together cover more than 70% of heating demand today. The IEA estimates heat pumps globally have the potential to reduce global carbon dioxide (CO2) emissions by at least 500 million tonnes in 2030 – equal to the annual CO2 emissions of all cars in Europe today.
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  • 37
    Online-Ressource
    Online-Ressource
    Paris : OECD Publishing
    ISBN: 9789264544062
    Sprache: Englisch
    Seiten: 1 Online-Ressource (124 p.)
    Schlagwort(e): Elektrizitätsversorgung ; Erneuerbare Energie ; Nachhaltige Energieversorgung ; Energy
    Kurzfassung: Electricity is an integral part of all modern economies, supporting a range of critical services from healthcare to banking to transportation. Secure supply of electricity is thus of paramount importance. The structural change from an electricity system based on thermal generation powered by fossil fuels towards a system based on variable renewable energy continues apace at various stages across the globe. Digitalisation tools such as smart grids and distributed energy resources, along with the electrification of end uses put electricity increasingly at the forefront of the entire energy system. As a result, governments, industries and other stakeholders will need to improve their frameworks for ensuring electricity security through updated policies, regulations and market designs. This report details the new approaches that will be needed in electricity system planning, resource adequacy mechanisms, incentives for supply- and demand-side flexibility, short-term system balancing and stability procedures. It provides examples and case studies of these changes from power systems around the world, describes existing frameworks to value and provide electricity security, and distils best practices and recommendations for policy makers to apply as they adjust to the various trends underway.
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  • 38
    Online-Ressource
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    Paris : OECD Publishing
    ISBN: 9789264376588
    Sprache: Englisch
    Seiten: 1 Online-Ressource (167 p.)
    Serie: IEA Energy Policy Reviews
    Schlagwort(e): 2021 ; Energiepolitik ; Energiewirtschaft ; Litauen ; Energy ; Lithuania ; Amtsdruckschrift
    Kurzfassung: The International Energy Agency (IEA) regularly conducts in-depth peer reviews of the energy policies of its member, partner and accession countries. This process supports energy policy development and encourages the exchange of international best practices and experiences. Lithuania has made strong progress towards realising its vision of a secure, competitive, sustainable and innovative energy system in the Baltic region. The government supported major reforms of the electricity and natural gas markets, and further integrated with the EU energy system and markets. Thanks to the expansion of renewable energy sources, notably bioenergy and wind, the carbon intensity of the power and heat sector has decreased over the past decade. Nevertheless, emissions have been on the rise, notably in the transport sector. Lithuania will need to make energy efficiency a priority, design a strong renewable strategy, and reform energy taxes to underpin its ambitious targets. This kind of clean energy leadership can drive emissions reductions up to 2050. In this report, the IEA provides energy policy recommendations to help Lithuania accelerate its energy transition towards its ambitious 2050 targets for climate neutrality.
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  • 39
    Online-Ressource
    Online-Ressource
    Paris : OECD Publishing
    ISBN: 9789264608795
    Sprache: Englisch
    Seiten: 1 Online-Ressource (224 p.)
    Schlagwort(e): Treibhausgas-Emissionen ; Nachhaltige Energieversorgung ; Welt ; Energy
    Kurzfassung: The number of countries announcing pledges to achieve net-zero emissions over the coming decades continues to grow. But the pledges by governments to date – even if fully achieved – fall well short of what is required to bring global energy-related carbon dioxide emissions to net zero by 2050 and give the world an even chance of limiting the global temperature rise to 1.5 °C. This special report is the world’s first comprehensive study of how to transition to a net zero energy system by 2050 while ensuring stable and affordable energy supplies, providing universal energy access, and enabling robust economic growth. It sets out a cost-effective and economically productive pathway, resulting in a clean, dynamic and resilient energy economy dominated by renewables like solar and wind instead of fossil fuels. The report also examines key uncertainties, such as the roles of bioenergy, carbon capture and behavioural changes in reaching net zero.
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  • 40
    Online-Ressource
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    Paris : OECD Publishing
    ISBN: 9789264676565
    Sprache: Englisch
    Seiten: 1 Online-Ressource (42 p.)
    Schlagwort(e): Elektrizitätsversorgung ; Nachhaltige Energieversorgung ; Energy
    Kurzfassung: Given the salient role that electricity plays in modern economies, the task of ensuring electricity security is a top priority for policy makers. The process is an extensive and complicated one that involves careful consideration of costs and benefits. This chapter summarises the steps involved in developing a framework for electricity security. It defines outages, describes approaches to assessing how much they cost, and outlines the institutional responsibilities to prevent and/or react to them. In doing so, it lays out the existing approaches available to policy makers and the challenges they face in creating electricity security frameworks, including clarifying the costs and benefits, establishing reliability planning structures, and assigning institutional responsibility for various tasks. It then previews how policy makers and other stakeholders need to adapt frameworks for electricity security in the face of major trends affecting the sector – namely, the clean energy transition, cyberthreats and climate change.
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  • 41
    ISBN: 9789264892149
    Sprache: Englisch
    Seiten: 1 Online-Ressource (39 p.)
    Schlagwort(e): Kohlepolitik ; Nachhaltige Energieversorgung ; Treibhausgas-Emissionen ; Welt ; Ontario (Provinz) ; Großbritannien ; Deutschland ; Energy ; Amtsdruckschrift
    Kurzfassung: Reducing global carbon dioxide (CO2) emissions to net zero by 2050 is necessary to limit the long‐term increase in average global temperatures to 1.5 °C. Today, coal-fired power generation is the largest single source of CO2 emissions. Therefore, tackling emissions from this sector is critical to achieving our goal. National governments, subnational jurisdictions, coalitions and many large corporations have announced coal phase-out pledges and net zero targets. Ahead of COP 26 in November 2021, Phasing Out Unabated Coal: Current Status and Three Case Studies gathers all known national commitments to eventually stop using unabated coal-fired power generation announced to date and assesses their impact in terms of reducing emissions. In addition, the report analyses three jurisdictions in detail to extract recommendation. First, an early example of coal phase-out commitment and execution from the Canadian province of Ontario. Second, the case of the United Kingdom, where the industrial revolution started but which was one of the first countries to decide to phase out coal. Finally, Germany, where phasing out is particularly complex because it is the largest coal-fired power generator among those committing to a phase-out and has thousands of jobs that rely on lignite mining. This paper acknowledges that each country must tailor its approach based on its own specific circumstances, but that nonetheless there are instructive experiences from other jurisdictions undertaking similar measures.
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  • 42
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    Paris : OECD Publishing
    ISBN: 9789264426580
    Sprache: Englisch
    Seiten: 1 Online-Ressource (102 p.)
    Schlagwort(e): Elektrizitätswirtschaft ; Klimaschutz ; Treibhausgas-Emissionen ; G7-Staaten ; Energy ; Amtsdruckschrift
    Kurzfassung: Achieving Net Zero Electricity Sectors in G7 Members is a new report by the International Energy Agency that provides a roadmap to driving down CO2 emissions from electricity generation to net zero by 2035, building on analysis in Net Zero by 2050: A Roadmap for the Global Energy Sector. The new report was requested by the United Kingdom, under its G7 Presidency, and followed the G7 leaders’ commitment in June 2021 to reach “an overwhelmingly decarbonised” power system in the 2030s and net zero emissions across their economies no later than 2050. It is designed to inform policy makers, industry, investors and citizens in advance of the COP26 Climate Change Conference in Glasgow that begins at the end of October 2021. Starting from recent progress and the current state of play of electricity in the G7, the report analyses the steps needed to achieve net zero emissions from electricity, and considers the wider implications for energy security, employment and affordability. It identifies key milestones, emerging challenges and opportunities for innovation. The report also underscores how G7 members can foster innovation through international collaboration and, as first movers, lower the cost of technologies for other countries while maintaining electricity security and placing people at the centre of clean energy transitions.
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  • 43
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    Paris : OECD Publishing
    ISBN: 9789264816626
    Sprache: Englisch
    Seiten: 1 Online-Ressource (304 p.)
    Schlagwort(e): Klimaschutz ; Klimapolitik ; Energiewende ; Energiepolitik ; China ; Energy ; China, People’s Republic
    Kurzfassung: In September 2020, President Xi Jinping announced that the People’s Republic of China will “aim to have CO2 emissions peak before 2030 and achieve carbon neutrality before 2060”. Amid the growing wave of governments around the world setting targets for reaching net zero emissions, no pledge is as significant as China’s. The country is the world’s largest energy consumer and carbon emitter, accounting for one-third of global CO2 emissions. The pace of China’s emissions reductions will be an important factor in global efforts to limit global warming to 1.5 °C. This report, An Energy Sector Roadmap to Carbon Neutrality in China, responds to the Chinese government’s invitation to the International Energy Agency to cooperate on long-term strategies by setting out pathways for reaching carbon neutrality in China’s energy sector. It shows that achieving carbon neutrality fits with China’s broader development goals, such as increasing prosperity and shifting towards innovation-driven growth. The first pathway in this Roadmap – the Announced Pledges Scenario – reflects the enhanced targets China announced in 2020. The report also explores the implications of a faster transition – the Accelerated Transition Scenario – and the socio-economic benefits it would bring beyond those associated with reducing the impact of climate change. This Roadmap examines the technology challenges and opportunities that this new phase of the clean energy transition will bring for China’s development, with a focus on long-term needs. The technology innovations required in the Chinese context are a key in-depth focus area. The report concludes with a series of policy considerations to inform China’s energy debate.
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  • 44
    Online-Ressource
    Online-Ressource
    Paris : OECD Publishing
    ISBN: 9789264679948
    Sprache: Englisch
    Seiten: 1 Online-Ressource (287 p.)
    Schlagwort(e): Nachhaltige Energieversorgung ; Mineral ; Rohstoffvorkommen ; Welt ; Energy
    Kurzfassung: Minerals are essential components in many of today’s rapidly growing clean energy technologies – from wind turbines and electricity networks to electric vehicles. Demand for these minerals will grow quickly as clean energy transitions gather pace. This new World Energy Outlook Special Report provides the most comprehensive analysis to date of the complex links between these minerals and the prospects for a secure, rapid transformation of the energy sector. Alongside a wealth of detail on mineral demand prospects under different technology and policy assumptions, it examines whether today’s mineral investments can meet the needs of a swiftly changing energy sector. It considers the task ahead to promote responsible and sustainable development of mineral resources, and offers vital insights for policy makers, including six key IEA recommendations for a new, comprehensive approach to mineral security.
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  • 45
    Online-Ressource
    Online-Ressource
    Washington, D.C : The World Bank
    Sprache: Englisch
    Seiten: 1 Online-Ressource
    Serie: Financial Sector Assessment Program
    Schlagwort(e): Access To Finance ; Capital Markets and Capital Flows ; E-Finance and E-Security ; Finance and Financial Sector Development ; Financial Regulation and Supervision ; Financial Stability ; Financial Structures ; Macroprudential Policy ; Risk Assessment
    Kurzfassung: A joint IMF and World Bank team conducted virtual missions to Georgia during January-February 2021 and May-June 2021, to update the findings of the Financial Sector Assessment Program (FSAP) conducted in 2014. This report summarizes the main findings of the mission, identifies key financial sector vulnerabilities and developmental issues, and provides policy recommendations
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  • 46
    Online-Ressource
    Online-Ressource
    Washington, D.C : The World Bank
    Sprache: Englisch
    Seiten: 1 Online-Ressource
    Serie: World Bank E-Library Archive
    Serie: Policy Notes
    Kurzfassung: This note provides a set of high-level recommendations that can guide national regulatory and supervisory responses to the COVID-19 (coronavirus) pandemic and offers an overview of measures taken across jurisdictions to date. The banking sector plays a critical role in mitigating the unprecedented macroeconomic and financial shock caused by the pandemic. Timely, targeted and well-designed regulatory and supervisory actions are essential to maintain the provision of critical financial services, particularly to households and firms that are affected most, while mitigating financial risks, maintaining balance sheet transparency, and preserving longer-term financial policy credibility. In this context, authorities should employ the embedded flexibility of regulatory, supervisory, and accounting frameworks, and encourage judicious loan restructuring while continuing to uphold minimum prudential standards. Standard-setting bodies have issued guidance to support national authorities in their efforts to provide effective, sound, and well-coordinated policy measures
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  • 47
    Sprache: Englisch
    Seiten: 1 Online-Ressource
    Serie: World Bank E-Library Archive
    Serie: Financial Sector Assessment Program
    Kurzfassung: The BSP's regulatory framework is broadly effective for the size and complexity of the Philippine banking system, but legislative gaps continue to hinder effective supervision of banks. The BSP has a well-resourced, experienced and highly committed staffing complement, but there is an ongoing need to develop and maintain adequate expertise in certain complex areas (e.g. risk modelling). Since the FSAP in 2002, and the assessment update in 2010, the BSP has made significant progress in enhancing the regulatory framework in a number of areas. But significant weaknesses in the legislative framework, arising notably from the bank secrecy laws and the lack of power for the BSP to supervise the parent companies and their affiliates of banking groups, present a material hindrance to effective supervision
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  • 48
    Online-Ressource
    Online-Ressource
    Paris : OECD Publishing
    ISBN: 9789264947771
    Sprache: Englisch
    Seiten: 1 Online-Ressource (circa 166 Seiten)
    Serie: Energy policies of IEA countries 2019
    Serie: Sweden
    Serie: Energy policies of IEA countries Sweden
    Schlagwort(e): Energy ; Sweden
    Kurzfassung: Sweden is leading the way towards a low-carbon society. In recent years, the country has adopted an energy and climate framework with ambitious long‑term and interim goals, including a target of 100% renewable energy in electricity generation by 2040. In this review of Sweden’s energy policies, the International Energy Agency (IEA) looks at how the country is managing its energy transition, as well as how this transition affects energy security. Sweden’s electricity system – based on nuclear, hydro and a growing share of wind power – is nearly fossil‑free. The country, which is well interconnected with its neighbours, has become a large net exporter of electricity. However, the power sector faces uncertainty from the likely phase‑out of nuclear within the next few decades. The challenge will be to maintain stability while more variable forms of renewable energy enter the system to replace nuclear power. Sweden’s energy policies give preference to technology‑neutral measures and market mechanisms, with the aim to reduce emissions in a cost‑effective way. Carbon taxation in particular has been an effective driver of decarbonisation, and Sweden has showed that high environmental taxes can be combined with sustained economic growth. As the electricity and heat supply is largely decarbonised, the main challenge for Sweden is to reduce emissions in the transport sector, which gets special attention in the review. In this report, the IEA provides recommendations for further improvements of Sweden’s energy policy to help the country continue to transform its energy sectors in a secure, affordable and environmentally sustainable manner.
    URL: Volltext  (lizenzpflichtig)
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  • 49
    Online-Ressource
    Online-Ressource
    Washington, D.C : The World Bank
    Sprache: Englisch
    Seiten: 1 Online-Ressource
    Serie: World Bank E-Library Archive
    Serie: Debt and Creditworthiness Study
    Kurzfassung: The updated DSA suggests that the external risk of debt distress for Vanuatu remains moderate with limited space to absorb shocks. All external debt indicators remain below the relevant indicative thresholds under the baseline scenario, incorporating the average long-term effects of natural disasters on growth and the fiscal and current account balances. A tailored natural disaster shock, reflecting Vanuatu's vulnerability to disasters, would cause the present value (PV) of public and publicly guaranteed (PPG) external debt-to-GDP ratio to breach the threshold from 2024 onwards. The overall risk of debt distress is assessed as moderate. Although the PV of the public-debt-to-GDP ratio remains below the 55 percent benchmark under the baseline scenario, the public-debt-to-GDP ratio would breach the authorities' debt ceiling of 60 percent by 2025. Moreover, a tailored natural disaster shock would lead to a significant deterioration in debt sustainability, breaching the benchmark. The breach of the authorities' debt ceiling and of the benchmark indicates the need for rebuilding fiscal buffers and enhancing resilience against shocks, including from natural disasters. This requires both stronger revenue mobilization measures, including an introduction of the proposed income taxes, and expenditure rationalization in the medium term. When contracting new public infrastructure projects, the authorities are encouraged to seek grants or concessional loans as much as possible to contain its debt burden
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  • 50
    Online-Ressource
    Online-Ressource
    Washington, D.C : The World Bank
    Sprache: Englisch
    Seiten: 1 Online-Ressource
    Serie: World Bank E-Library Archive
    Serie: Debt and Creditworthiness Study
    Kurzfassung: The Debt Sustainability Analysis (DSA) indicates that Honduras stands at low risk of debt distress both for public external debt and overall debt, which represents an upgrade from the 2018 DSA, where risk of debt distress was assessed as moderate. The DSA was undertaken under the revised debt-sustainability framework for low income countries (LIC DSF), whereby Honduras's debt carrying capacity was upgraded from medium to strong. Changes in the debt-sustainability framework have contributed to the risk of debt distress improvement. A proven record of compliance with the Fiscal Responsibility Law (FRL) and solid macroeconomic conditions also contributed to rate Honduras' risk of debt distress as low. Going forward, adherence to the FRL and institutional reforms to boost inclusive growth and increase the economy's potential are critical to maintain debt sustainability
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  • 51
    Online-Ressource
    Online-Ressource
    Washington, D.C : The World Bank
    Sprache: Englisch
    Seiten: 1 Online-Ressource
    Serie: World Bank E-Library Archive
    Serie: Debt and Creditworthiness Study
    Kurzfassung: Senegal has expanded its debt perimeter to include para-public entities and state-owned enterprises (SOEs) and remains at low risk of debt distress despite short-term breaches of two external debt indicators under the most extreme scenarios. The low risk of debt distress is predicated on: (i) ongoing debt liability management, guarantees to address currency risk, access to liquid financial assets and a sound track record of market access; and (ii) adherence to the planned fiscal consolidation path, an acceleration of reforms, and a prudent borrowing strategy. Looking ahead, it will be important to contain fiscal pressures from Treasury operations and address fiscal risks from the broader public sector, including the energy sector
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  • 52
    Online-Ressource
    Online-Ressource
    Washington, D.C : The World Bank
    Sprache: Englisch
    Seiten: 1 Online-Ressource
    Serie: World Bank E-Library Archive
    Serie: Debt and Creditworthiness Study
    Kurzfassung: Cabo Verde's risk of external and overall debt distress is rated "high" as in the previous debt sustainability analysis (DSA). The present value (PV) of public and publicly-guaranteed (PPG) external debt-to-GDP ratio breaches its threshold in 2019-2022 under the baseline and protractedly under stress test scenarios. The PV of total public debt-to-GDP ratio is projected to recede below its threshold from 2026 under the baseline and breaches its prescribed limit under stress test scenarios. The debt sustainability assessment is predicated on sustained fiscal consolidation and successful restructuring of state-owned enterprises (SOEs). Prudent borrowing policies and a strengthened debt management strategy are critical to containing debt accumulation. In view of Cabo Verde's vulnerability to exogenous shocks, growth-enhancing structural reforms remain critical to bringing public debt to sustainable levels
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  • 53
    Online-Ressource
    Online-Ressource
    Washington, D.C : The World Bank
    Sprache: Englisch
    Seiten: 1 Online-Ressource
    Serie: World Bank E-Library Archive
    Serie: Debt and Creditworthiness Study
    Kurzfassung: The Federated States of Micronesia (FSM) remains at high risk of debt distress under the Debt Sustainability Framework (DSF). Unless the compact agreement with the United States or parts of it are renewed, the FSM will face a fiscal cliff when the U.S. Compact grants amounting to 20 percent of gross domestic product (GDP) are expected to expire in FY2023. Under the baseline scenario without fiscal adjustments, the fiscal cliff would put debt on an upward trajectory starting in FY2024, with the external debt-to-GDP ratio reaching 30 percent in FY2029 and 57 percent in FY2039, and the public debt-to-GDP ratio reaching 43 percent in FY2029 and 67 percent in FY2039. As a result, the DSF thresholds on the present value of external debt-to-GDP and public debt-to-GDP ratios are projected to be breached within a 20-year horizon. While mechanical application of the DSF based on a 10-year forecast horizon would imply a moderate risk rating, the envisaged breach of the thresholds within a 20-year forecast horizon would warrant an assessment of high risk of external and overall debt distress. Lowering the risk of debt distress would require a fiscal adjustment and steadfast structural reforms to promote private sector growth. The FSM's vulnerability to climate change and weather-related natural disasters constitutes a major risk and calls for strategies to strengthen climate change resilience
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  • 54
    Online-Ressource
    Online-Ressource
    Washington, D.C : The World Bank
    Sprache: Englisch
    Seiten: 1 Online-Ressource
    Serie: World Bank E-Library Archive
    Serie: Debt and Creditworthiness Study
    Kurzfassung: Madagascar is assessed at low risk of external debt distress. This marks a change from moderate risk in the June 2018 DSA, despite a broader definition of external debt, and reflects an upgrade in Madagascar's debt carrying capacity rather than a change in the debt path. Under the baseline, external public and publicly guaranteed (PPG) debt is well below applicable thresholds. Stress tests do not breach the threshold applicable to countries with medium debt-carrying capacity. Total (external plus domestic) PPG debt is below the benchmark under the baseline, but growth shocks drive the present value of the ratio of debt to GDP above the benchmark. Shocks could also introduce liquidity problems, as the debt-service to revenue ratio could exceed 100 percent over the long term. The overall rating, of moderate debt distress, remains consistent with the 2018 DSA. These assessments continue to be supportive of Madagascar's current plans to scale up its borrowing to meet its investment needs, though other factors are also critical
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  • 55
    Online-Ressource
    Online-Ressource
    Washington, D.C : The World Bank
    Sprache: Englisch
    Seiten: 1 Online-Ressource
    Serie: World Bank E-Library Archive
    Serie: Financial Sector Assessment Program
    Kurzfassung: A joint IMF-World Bank mission visited Thailand from November 1 to 16, 2018, and February 6 to 22, 2019, to update the findings of the Financial Sector Assessment Program (FSAP) conducted in 2008. This report summarizes the main findings of the mission, identifies key financial sector vulnerabilities, and provides policy recommendations
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  • 56
    Sprache: Englisch
    Seiten: 1 Online-Ressource
    Serie: World Bank E-Library Archive
    Serie: Financial Sector Assessment Program
    Kurzfassung: This report contains the assessments of BAHTNET and TSD based on the PFMI. The assessment was undertaken in the context of the International Monetary Fund and World Bank Financial Sector Assessment Program (FSAP) of Thailand in November 2018. The assessors were Gynedi Srinivas and Dorothee Delort of the World Bank's Payment Systems Development Group. The assessors would like to thank the Thai counterparts for their excellent cooperation and generous hospitality. The objective of the assessment was to identify potential risks related to the FMIs that may affect financial stability. While safe and efficient FMIs contribute to maintaining and promoting financial stability and economic growth, they may also concentrate risk. If not properly managed, FMIs can be sources of financial shocks, such as liquidity dislocations and credit losses, or a major channel through which these shocks are transmitted across domestic and international financial markets. The scope of the assessment includes two main FMIs as well as the authorities in Thailand responsible for regulation, supervision, and oversight of FMIs. BAHTNET and TSD are assessed against all relevant principles of the PFMI. The authorities, the BOT and the SEC, are assessed using the responsibilities for authorities of FMIs
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  • 57
    Online-Ressource
    Online-Ressource
    Washington, D.C : The World Bank
    Sprache: Englisch
    Seiten: 1 Online-Ressource
    Serie: World Bank E-Library Archive
    Serie: Debt and Creditworthiness Study
    Kurzfassung: Niger's risk of external and overall public debt distress is rated "moderate" as in the previous DSA. While all thresholds are observed in the baseline, the PV of PPG external debt-to-exports ratio breaches its threshold under stress test scenarios. Debt-carrying capacity continues to be rated "medium." The analysis shows that Niger has limited space to accommodate negative shocks and remains vulnerable to adverse developments of its exports. The DSA is predicated on the government continuing to implement its reform program: fiscal consolidation; structural reforms, including revenue mobilization efforts; contain expenditures and improve spending quality; and timely completion of several large-scale projects, in particular the construction of a pipeline for crude oil exports. Identified weaknesses call for further strengthening of debt management, including by broadening the coverage of public debt, prioritizing concessional borrowing, and strengthening private-sector development to support economic diversification and mitigate the risks associated with commodity price fluctuations
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  • 58
    Online-Ressource
    Online-Ressource
    Washington, D.C : The World Bank
    Sprache: Englisch
    Seiten: 1 Online-Ressource
    Serie: World Bank E-Library Archive
    Serie: Debt and Creditworthiness Study
    Kurzfassung: The joint World Bank/IMF Debt Sustainability Analysis (DSA) has been prepared in the context of the 2019 Article IV Consultation, for the first time based on the revised framework for low-income countries. Results indicate moderate risk of debt distress for both external and overall public debt. However, the debt outlook remains vulnerable, especially to a deceleration in real GDP and exports growth and the depreciation of the KGS. To address these vulnerabilities, the authorities need to remain cautious when contracting and guaranteeing new debt, maintain fiscal discipline, improve public investment management, and continue improving the business environment to maintain the export potential of the country after the main gold mine will close in 2026
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  • 59
    Online-Ressource
    Online-Ressource
    Washington, D.C : The World Bank
    Sprache: Englisch
    Seiten: 1 Online-Ressource
    Serie: World Bank E-Library Archive
    Serie: Debt and Creditworthiness Study
    Kurzfassung: Guinea is at moderate risk of external debt distress with some space to absorb shocks. All external debt burden indicators under the baseline scenario lie below their policy-dependent thresholds. Stress tests suggest that debt vulnerabilities will increase if adverse shocks materialize. Under the most extreme stress tests, all solvency and liquidity indicators breach their thresholds for prolonged periods. The overall risk of public debt distress is also assessed to be moderate, with the application of judgement regarding a brief and marginal breach for the PV of total public debt to GDP ratio over 2019-20, reflecting the one-off impact of the recapitalization of the central bank. Guinea's external and public debt position at end-2018 improved compared to the December 2018 DSA, owing to upward revisions of growth estimates in 2016-17, lower-than-anticipated external loan disbursements in 2018, and a stable exchange rate in 2018. A prudent external borrowing strategy aimed at maximizing the concessionally of new debt, limiting non-concessional loans to programmed amounts and strengthening debt management will be key to preserving medium-term debt sustainability
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  • 60
    Online-Ressource
    Online-Ressource
    Washington, D.C : The World Bank
    Sprache: Englisch
    Seiten: 1 Online-Ressource
    Serie: World Bank E-Library Archive
    Serie: Debt and Creditworthiness Study
    Kurzfassung: Mali remains at moderate risk of external debt distress. This rating is unchanged from the previous analysis and consistent with the May 2018 Staff Report (IMF Country Report/18/141). All the projected external debt burden indicators remain below their thresholds under the baseline. However, the ratio of the external debt service to exports exceeds its threshold in the case of an extreme shock to exports under a customized scenario that incorporates 2 percentage points of GDP larger fiscal deficits over 2019 to 2023 than the baseline.1 The baseline scenario assumes improved fiscal policies and achievement of the WAEMU fiscal deficit convergence criteria by 2019. As illustrated in the customized scenario, continued shortfall in domestic revenue mobilization and a deterioration in security conditions will result in a weakened fiscal position and increase the likelihood of debt distress. Mali's main challenge continues to be ensuring macroeconomic stability while protecting social and investment spending and providing for growing security spending and large development needs. To maintain debt at moderate risk rating, it is essential that the authorities continue their efforts to mobilize domestic revenue and implement reforms. Debt management capacity should be strengthened while deepening structural reforms to diversify the exports base
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  • 61
    Online-Ressource
    Online-Ressource
    Washington, D.C : The World Bank
    Sprache: Englisch
    Seiten: 1 Online-Ressource
    Serie: World Bank E-Library Archive
    Serie: Debt and Creditworthiness Study
    Kurzfassung: Chad's risks of external and overall debt distress are high but have nonetheless declined in the past year. All but one external debt sustainability indicators are below their respective thresholds from 2019 onwards. The debt-to-revenue ratio moderately breaches its threshold under the baseline scenario. Overall, total public debt vulnerabilities are elevated although the present value (PV) of the public debt-to-GDP ratio remains on a downward trajectory. The debt sustainability analysis is based on projected continued fiscal prudence and an increase in non-oil revenues. Following the restructuring in 2018, the new Glencore debt contract has helped contain the impact of low oil prices on debt sustainability, as it allows for lower debt service when oil prices are lower
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  • 62
    Online-Ressource
    Online-Ressource
    Washington, D.C : The World Bank
    Sprache: Englisch
    Seiten: 1 Online-Ressource
    Serie: World Bank E-Library Archive
    Serie: Debt and Creditworthiness Study
    Kurzfassung: According to the updated Low-Income Country Debt Sustainability Framework (LIC DSF), the Democratic Republic of the Congo (DRC)'s debt-carrying capacity was assessed as weak. DRC remains at a moderate risk of external and overall debt distress, with limited space to absorb shocks. The debt coverage has been improved since the last DSA, especially on domestic debt. The external nominal debt ratios are lower than at the time of the 2015 debt sustainability analysis (DSA), however the country shows vulnerability in debt repayment capacity, even under the baseline, due to weak revenue mobilization. Most external debt thresholds are breached under the stress tests, highlighting the country's vulnerability to external shocks. Given limited buffers, prudent borrowing policies are essential by prioritizing concessional loans and strengthening debt management policies
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  • 63
    Online-Ressource
    Online-Ressource
    Washington, D.C : The World Bank
    Sprache: Englisch
    Seiten: 1 Online-Ressource
    Serie: World Bank E-Library Archive
    Serie: Debt and Creditworthiness Study
    Kurzfassung: An updated debt sustainability analysis (DSA) is prepared using the revised Low-income Countries Debt Sustainability Framework (LIC DSF) to assess Zambia's current debt situation. Debt burden indicators have deteriorated considerably since the October 2017 DSA mainly on account of large fiscal deficits as the authorities made use of available financing to boost infrastructure spending, weaker growth and exchange rate, and a worsened external environment (terms of trade and financial conditions). Rising debt service costs (both externally and domestically) and a large pipeline of contracted and to-be-disbursed loans place Zambia's public debt on an unsustainable path under current policies while budget expenditure arrears have risen. Zambia's debt-carrying capacity has also weakened with its FX reserves' import coverage declining from 4.7 months in 2015 to 1.7 months in May 2019. All four external debt burden indicators breach their indicative thresholds, three of them by large margins and throughout the medium-term under the baseline scenario. Total public debt is projected to increase somewhatin the near-term as, under unchanged policies, fiscal deficits remain large, before gradually declining as large debt-financed public projects are completed and forced fiscal adjustment occurs given financing constraints. As a frontier market, Zambia's high gross financing needs (peaking at 19 percent of GDP over the next three years), combined with wide EMBI spreads (1,575 basis points on June 11, 2019) and high domestic borrowing costs, expose it to significant market-financing risks. Despite the challenging fiscal situation, Zambia has remained current on all its debt obligations both domestic and external, and has not experienced a debt distress event. The authorities remain committed to prioritizing debt service payments and have identified resources to continue meeting debt obligations in the near-term. However, staff assess the risk of external and overall public debt distress for Zambia as very high at this juncture, and that a large upfront and sustained fiscal adjustment is essential to begin reducing debt vulnerabilities
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  • 64
    Online-Ressource
    Online-Ressource
    Washington, D.C : The World Bank
    Sprache: Englisch
    Seiten: 1 Online-Ressource
    Serie: World Bank E-Library Archive
    Serie: Debt and Creditworthiness Study
    Kurzfassung: An updated joint assessment of Rwanda's debt sustainability suggests continued low risk of external debt distress. External debt burden indicators remain below risk thresholds, except for a short and temporary breach of debt service indicators in 2023, when the Eurobond issued in 2013 matures. The main risk to debt sustainability--and macroeconomic stability--remains external shocks. Balancing Rwanda's still-strong public investment needs with maintaining low risks of debt distress, the government is focused on carefully choosing the highest return projects, financed under the most favorable terms. These principles are laid out in Rwanda's Medium-Term Debt Strategy, as are options for help mitigating potential risks. More broadly, the government is focused on creating a larger and more diversified export base while encouraging more private investment, to help secure high and resilient growth over the long term. Forthcoming results of fiscal risk analysis will help identify if there could be additional contingent liabilities that should be included in the next DSA
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  • 65
    Online-Ressource
    Online-Ressource
    Washington, D.C : The World Bank
    Sprache: Englisch
    Seiten: 1 Online-Ressource
    Serie: World Bank E-Library Archive
    Serie: Debt and Creditworthiness Study
    Kurzfassung: Togo's risk of external debt distress continues to be moderate, while the overall risk of debt distress is high-unchanged from the previous Debt Sustainability Analysis (DSA) published in December 2018. While the mechanical results point to a low risk of external debt distress, judgment was applied given vulnerabilities arising from high domestic debt, which could, for example, likely lead to a reprofiling operation that would lead to an increase in external debt. Togo's public debt is on a downward trajectory despite an increase in 2018 compared with 2017. Togo's high public debt is the result of, among other factors, high deficits, contingent liabilities, and accumulated arrears. There is very little space to absorb shocks on total public debt. Baseline projections show that Togo's PV of total PPG debt (external plus domestic)-to-GDP ratio will decline below the new debt distress benchmark of 55 percent starting in 2023, down from 72 percent in 2018-with the bulk constituting domestic debt obligations. This analysis highlights the need for sustained fiscal consolidation, improved debt management, and strong macroeconomic policies to reduce the public debt to prudent levels over the medium term
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  • 66
    Online-Ressource
    Online-Ressource
    Washington, D.C : The World Bank
    Sprache: Englisch
    Seiten: 1 Online-Ressource
    Serie: World Bank E-Library Archive
    Serie: Debt and Creditworthiness Study
    Kurzfassung: The risk of external and overall debt distress for Guyana remains moderate, but debt dynamics will improve significantly with the start of oil production in 2020. All external debt indicators remain below the relevant indicative vulnerability thresholds under the baseline scenario, which incorporates the average long-term effects of oil on economic growth, fiscal balance, and current account position. The PV of external debt-to-GDP is projected to decline to 3 percent over the long-term as the need for external borrowing is offset by the accumulation of external assets. Stress tests indicate the susceptibility of Guyana's external public debt in a very extreme shock which combines simultaneous shocks to real GDP growth, primary balance, exports, other flows (current transfers and FDI), and nominal exchange rate depreciation, as well as second order effects arising from interactions among these shocks. The combined effects of these shocks and their second order effects cause temporary but significant breaches in the external debt thresholds, prompting a moderate risk rating. Nonetheless, Guyana has substantial space to absorb these shocks, reflecting the current low level of external debt. Guyana's medium- and long-term outlook is very favorable given the incoming oil production and revenues, which will eventually underpin fiscal surpluses and a reduction in external indebtedness. The authorities reiterated their commitment in preserving fiscal discipline
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  • 67
    Online-Ressource
    Online-Ressource
    Washington, D.C : The World Bank
    Sprache: Englisch
    Seiten: 1 Online-Ressource
    Serie: World Bank E-Library Archive
    Serie: Debt and Creditworthiness Study
    Kurzfassung: Nepal's risk of external debt distress remains low. Under the revised IMF/World Bank Debt Sustainability Analysis Framework for Low Income Countries (LIC-DSF), all debt and debt service ratios are projected to remain below relevant indicative threshold values. Following a prolonged decline, to 25 percent of GDP in mid-2015, the sum of external and domestic public debt rose to 30 percent of GDP in mid-2018. A further rise in total public debt is projected, to about 35 percent of GDP in the medium term and about 48 percent of GDP in the long term, owing to continuing fiscal and current account deficits, as the authorities implement fiscal federalism and aim to put the economy on a higher growth path. Stress tests suggest that debt burden indicators are vulnerable to growth/exports shocks and natural disasters. This underscores the importance of implementing sound macro-economic policies. Efforts to improve the business climate and competitiveness through high-quality public investment and structural reforms would support growth and expand foreign exchange income streams
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  • 68
    Online-Ressource
    Online-Ressource
    Washington, D.C : The World Bank
    Sprache: Englisch
    Seiten: 1 Online-Ressource
    Serie: World Bank E-Library Archive
    Serie: Debt and Creditworthiness Study
    Kurzfassung: This report presents the first official debt sustainability analysis undertaken for Somalia. Based on both external and public debt indicators, Somalia is in debt distress. Total public debt is very high, at dollar 4.8 billion, or 101 percent of GDP at end-2018-nearly all of which is external (100 percent of GDP). The finding that Somalia is in debt distress reflects the high external arrears on debt relative to GDP, which now represent 96 percent of the debt stock. While Somalia has no capacity to access new financing, its debt burden will continue to increase as late interest on arrears continues to accumulate. Under broadly steady state assumptions, Somalia's total public debt is expected to increase to around 128 percent of GDP by 2039. Key risks that affect the outlook include external financing, security, and climate, further highlighting the unsustainability of Somalia's current debt burden. Consequently, in the absence of debt relief, Somalia will remain in debt distress
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  • 69
    Online-Ressource
    Online-Ressource
    Washington, D.C : The World Bank
    Sprache: Englisch
    Seiten: 1 Online-Ressource
    Serie: World Bank E-Library Archive
    Serie: Debt and Creditworthiness Study
    Kurzfassung: Based on an assessment of external public debt indicators and given the continued buildup of external arrears, the Republic of Congo is classified as "in debt distress". Moreover, despite the recent restructuring agreement with China, public debt remains unsustainable with the net present value of external debt in percent of gross domestic product (GDP) and the external debt service-to-revenue ratios projected to remain above their indicative thresholds in the medium ter
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  • 70
    Online-Ressource
    Online-Ressource
    Washington, D.C : The World Bank
    Sprache: Englisch
    Seiten: 1 Online-Ressource
    Serie: World Bank E-Library Archive
    Serie: Debt and Creditworthiness Study
    Kurzfassung: The Union of Comoros remains at moderate risk of external debt distress, but its space to absorb shocks is "limited." All debt burden indicators exhibit a continual upward trend, with the PV of debt-to-export approaching its threshold at the end of the assessment horizon (2029) under the baseline scenario. (Thresholds reflect "medium" capacity to carry debt). The reduced space to absorb shocks reflects the taking on of a large new loan, a downward revision of projected exports in line with lower export prices and impacts of Cyclone Kenneth on debt accumulation. Shock scenarios indicate vulnerability to a deterioration of export performance, natural disasters, and exchange rate instability. Comoros' overall risk of debt distress remains moderate, given that domestic debt is expected to remain minimal. The authorities need to strengthen policies to improve macroeconomic performance including by making faster progress on domestic resource mobilization and broadening the export base. The authorities should proceed cautiously on taking up any new debt and may wish to largely avoid new non-concessional debt
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  • 71
    Online-Ressource
    Online-Ressource
    Washington, D.C : The World Bank
    Sprache: Englisch
    Seiten: 1 Online-Ressource
    Serie: World Bank E-Library Archive
    Serie: Debt and Creditworthiness Study
    Kurzfassung: The Debt Sustainability Analysis (DSA) suggests that Liberia remains at moderate risk of debt distress with limited space to accommodate shocks. The country's debt carrying capacity remains medium, but the rating has declined from 3.1 to 2.77. The authorities have pursued non-concessional loans, but none has been disbursed yet. The government has instead borrowed U.S. dollars from the Central Bank of Liberia (CBL) to close the financing gap in FY2018. Such new borrowing, as well as the legacy U.S. dollar debt from the civil war time, are both incorporated in the new DSA. The State-owned Enterprises (SOE) guaranteed debt is also incorporated. Liberia will edge closer to high risk of debt distress with a small change in the terms of both domestic and external debt or a failure to adjust primary expenditure to the available revenue envelope over the medium-term
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  • 72
    Online-Ressource
    Online-Ressource
    Washington, D.C : The World Bank
    Sprache: Englisch
    Seiten: 1 Online-Ressource
    Serie: World Bank E-Library Archive
    Serie: Financial Sector Assessment Program
    Kurzfassung: While Thailand's pension system is typically described as a multipillar pension scheme, its design is highly fragmented and offers adequate coverage only to a small segment of the population, including civil servants and high-income individuals. In its 2018 Article IV report, the IMF highlighted the need for a broader pension reform, including parametric changes and ender inclusivepolicies to improve female labor force participation and attenuate the impact of aging on productivity growth. While these reforms are needed, private pensions can also play a role inimproving retirement income for individuals. As agreed with the Thai authorities, this technical note provides an assessment of the private, funded components of the pension system. A key component assessed is the voluntary provident fund scheme (PVD). The PVD scheme is voluntary and operates as a tax-incentivized scheme, which allows both employers and employees to take advantage of generous tax benefits for savings for retirement. This note also addresses the challenges of the private, funded system and proposes policy recommendations for increasing coverage, improving efficiency, and delivering sustainable retirement income in the payout phase. This note is organized as follows. The next section provides a brief description of the current overall pension system, public and private; Section III provides a diagnostic of the main challenges in the private, funded system; and Section IV provides recommendations for optimizing the design of the private, funded pension system. The focus of the note is to improve the incentive structure of the private, funded pension scheme
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  • 73
    Online-Ressource
    Online-Ressource
    Washington, D.C : The World Bank
    Sprache: Englisch
    Seiten: 1 Online-Ressource
    Serie: World Bank E-Library Archive
    Serie: Financial Sector Assessment Program
    Kurzfassung: The Thai insurance sector is a relatively small but growing part of the country's financial services industry. Insurance sector assets have grown from 10 percent of gross domestic product (GDP) in 2006 to over 22 percent of GDP in 2016, constituting 9 percent of total financial industry assets. Similarly, between 2008 and 2017, gross premiums written have grown at an average annual rate of approximately 16.9 percent, substantially above nominal GDP growth of 9.9 percent during the same period. As a result, the insurance penetration ratio (the ratio of premiums written to GDP) has gradually increased from 3.63 percent in 2008 to 5.39 percent in 2017. This paper provides an assessment of significant regulatory and supervisory practices in the insurance sector of Thailand. The assessment was conducted by Charles Michael Grist, Financial Sector Consultant, the World Bank Group, and A. Thomas Finnell, Financial Sector Consultant to the International Monetary Fund, from February 6 until February 22, 2019. The last review of the Thai insurance sector was conducted as part of an April 2008 Financial Sector Assessment Program Review (FSAP), but this review did not include a detailed assessment against the ICPs issued by the International Association of Insurance Supervisors (IAIS)
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  • 74
    Online-Ressource
    Online-Ressource
    Washington, D.C : The World Bank
    Sprache: Englisch
    Seiten: 1 Online-Ressource
    Serie: World Bank E-Library Archive
    Serie: Debt and Creditworthiness Study
    Kurzfassung: With some 19 million US Dollars (1.6 percent of GDP) in unresolved arrears to official bilateral creditors, Grenada remains in external public debt distress. However, debt appears sustainable reflecting favorable projected debt dynamics from substantial fiscal surpluses that are supported by the Fiscal Responsibility Law (FRL). Total public debt has declined from 108 percent of GDP in 2013 to 63.5 percent of GDP in 2018, with external public debt amounting to 44.5 percent of GDP. This reduction was made possible through fiscal consolidation that has been anchored by the FRL, robust economic growth, and a restructuring of Grenada's public debt. Going forward, continued adherence to the FRL and regularization of arrears will be needed to upgrade the risk rating. Debt should be further reduced and kept at levels needed to withstand the existing vulnerabilities to external shocks and natural disasters
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  • 75
    Online-Ressource
    Online-Ressource
    Washington, D.C : The World Bank
    Sprache: Englisch
    Seiten: 1 Online-Ressource
    Serie: World Bank E-Library Archive
    Serie: Debt and Creditworthiness Study
    Kurzfassung: Benin remains at moderate risk of external debt distress. The rating is unchanged from the previous November 2018 DSA. All the projected external debt burden indicators remain below their thresholds under the baseline, but the ratio of the present value (PV) of external debt to exports exceeds its threshold in the case of an extreme shock to exports.1 With regard to total public and publicly guaranteed (PPG) debt (external plus domestic), the overall risk of debt distress remains also moderate. The public debt-to-GDP ratio is below its prudent benchmark in the baseline scenario; however, the PV of public debt-to-GDP rises very slightly above its benchmark from 2024 until the end of the projection period under the real GDP shock scenario. Other factors motivating the overall rating include: the past evolution of domestic debt, the relatively high debt service burden, as well as the existence of contingent liabilities. Medium-term fiscal consolidation, sound public investment management, and enhanced debt management capacity are needed to reduce debt vulnerabilities
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  • 76
    Online-Ressource
    Online-Ressource
    Washington, D.C : The World Bank
    Sprache: Englisch
    Seiten: 1 Online-Ressource
    Serie: World Bank E-Library Archive
    Serie: Debt and Creditworthiness Study
    Kurzfassung: An updated DSA indicates that The Gambia is in external debt distress, though its public debt is deemed sustainable on a forward-looking basis. The external debt service-to-exports and -to-revenue ratios breach their indicative thresholds by large margins in the near term and signal major liquidity pressures. However, once these pressures are addressed by the prospective debt relief and the authorities' fiscal consolidation and state-owned enterprise (SOE) reform program, the PV of total public debt would be brought below its threshold over the medium term. On the upside, debt relief discussions with external creditors are progressing and could unlock additional budget support. Downside risks mainly relate to the political environment and fiscal discipline, the unravelling of which could destabilize the economy and worsen the outlook for public debt
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  • 77
    Online-Ressource
    Online-Ressource
    Washington, D.C : The World Bank
    Sprache: Englisch
    Seiten: 1 Online-Ressource
    Serie: World Bank E-Library Archive
    Serie: Debt and Creditworthiness Study
    Kurzfassung: Lao P.D.R.'s risks of external and overall debt distress continue to be assessed as high. Under the revised low-income country debt sustainability framework (LIC DSF), its debt carrying capacity has deteriorated and most external and total public debt indicators breach their respective indicative thresholds and benchmarks under the baseline scenarios. External debt indicators are most vulnerable to shocks to exports and depreciation of the currency. Public and external debt indicators are most sensitive to the contingent liabilities shock, while recent natural disasters underscore the need for strengthening buffers. The low level of reserves adds to these vulnerabilities. Factors, such as the large share of electricity export earnings under long-term intergovernmental power purchase agreements, and a strong and growing electricity exports market help mitigate risks, keeping the debt outlook sustainable. Market access is being maintained, around 65 percent of external debt is concessional, and the stock of expenditure arrears is declining. Rebuilding fiscal space, adopting clear guidelines for sovereign debt issuance and guarantees, assessing risks from contingent liabilities, and improving debt management are immediate priorities. Assessing and targeting infrastructure projects with high growth and social returns and financing these with concessional financing would benefit debt sustainability. Strengthening the business environment and governance, would improve the investment outlook, help diversify and make growth more inclusive. Increasing the export base, continuing to maximize the proportion of concessional loans and improving primary deficits would help to keep the debt burden contained
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  • 78
    Online-Ressource
    Online-Ressource
    Washington, D.C : The World Bank
    Sprache: Englisch
    Seiten: 1 Online-Ressource
    Serie: World Bank E-Library Archive
    Serie: Debt and Creditworthiness Study
    Kurzfassung: Based on the Joint Bank-Fund Low-Income Country Debt Sustainability Analysis (LIC-DSA), Uzbekistan has a low risk of debt distress, with debt burden indicators below relevant thresholds in the baseline and all stress scenarios. Over the medium term, the public debt-to-GDP ratio is expected to increase moderately, while the total external debt-to-GDP ratio is expected to decline somewhat. In addition, large foreign exchange reserve buffers mitigate potential distress concerns. The debt sustainability analysis suggests that the most significant risks could result from worse-than-expected external flows (mostly lower remittances) and significantly lower exports. The government should carefully manage external borrowing to maintain Uzbekistan's strong external position
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  • 79
    Online-Ressource
    Online-Ressource
    Washington, D.C : The World Bank
    Sprache: Englisch
    Seiten: 1 Online-Ressource
    Serie: World Bank E-Library Archive
    Serie: Debt and Creditworthiness Study
    Kurzfassung: The Central African Republic (C.A.R.) remains at high risk of external debt distress and overall high risk of debt distress under the revised Debt Sustainability Framework (DSF), unchanged from the 2018 DSA. Solvency indicators (the present values of the external public and publicly guaranteed debt-to-GDP and debt-to-exports ratios) remain below their relevant thresholds in the baseline scenario. However, liquidity indicators (debt service-to-exports and debt service-to-revenue ratios) breach their thresholds in the baseline scenario. Further considerations support the high-risk assessment: the debt indicators are sensitive to standard stress tests; macroeconomic projections are highly uncertain in a volatile security environment; and sizeable contingent liabilities, notably related to the large stock of unaudited potential domestic arrears and the limited financial information available on state-owned enterprises, could materialize. C.A.R.'s debt sustainability is also sensitive to a deterioration of the financing mix. A tailored scenario in which grant financing (of 2 percent of GDP) is replaced by concessional external debt-financing from 2021 onwards would worsen debt sustainability considerably. This shows that the government's investment program requires grant financing, with concessional debt financing to be considered in exceptional cases
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  • 80
    Sprache: Englisch
    Seiten: 1 Online-Ressource
    Serie: World Bank E-Library Archive
    Serie: Financial Sector Assessment Program
    Kurzfassung: This assessment of the implementation of the BCP by the BOT is part of the FSAP undertaken by the IMF and the World Bank. The assessment was performed October 25 through November 16, 2018 and is based on the regulatory and supervisory framework in place at the time of this visit. Compliance was measured against standards issued by the Basel Committee on Banking Supervision (BCBS) in 2012.1 Since the previous assessment, conducted in 2008, the BCP standards have been revised and reflect the international consensus for minimum standards based on global experience. The view is that supervision should be based on a process involving well-defined requirements, supervisory onsite and offsite determination of compliance with requirements and risk assessments, and a strong program of enforcement and corrective action and sanctions. The 2012 revision placed increased emphasis on corporate governance, on supervisors conducting reviews to determine compliance with regulatory requirements, and on thoroughly understanding the risk profile of banks and the banking system. The assessors appreciated the high quality of cooperation received from the authorities. The mission extends its thanks to the staff of the BOT for its excellent cooperation and hospitality. The BOT provided a comprehensive and detailed self-assessment and granted access to supervisory manuals, onsite inspection reports, monitoring reports, and risk assessments
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  • 81
    Online-Ressource
    Online-Ressource
    Washington, D.C : The World Bank
    Sprache: Englisch
    Seiten: 1 Online-Ressource
    Serie: World Bank E-Library Archive
    Serie: Financial Sector Assessment Program
    Kurzfassung: This is an assessment of the Securities and Exchange Commission of Thailand (SEC) and, secondarily, of certain self-regulatory organizations (SRO) that participate in the regulation of the capital markets of Thailand. This assessment was conducted in February, 2019 as part of the Financial Sector Assessment Program (FSAP) conducted jointly by the International Monetary Fund (IMF) and the World Bank. The financial sector of Thailand shows strong growth and is dominated by banks, which are a major force in other components of the financial sector through separately licensed subsidiaries. The financial system's assets are equal to 259 percent of GDP (February 2018), with Thailand's 30 commercial banks (including 15 foreign branches or subsidiaries) holding 46 percent of financial sector assets and eight specialized (state-owned) financial institutions (SFIs) holding 15 percent. The three largest commercial banks account for 46 percent of banking sector assets, lower than that of its peer comparators. Banking sector growth, however, has been stagnant, growing to 156 percent of GDP (2018) from 153 percent (2012). Other segments of the financial sector have experienced higher growth in recent years. The market capitalization of the SET has grown to 104 percent of GDP (up from 67 percent of GDP in 2005, and from 37 percent of GDP in 2008). Insurance sector assets have grown from 10 percent of GDP in 2006 to over 22 percent of GDP in 2016
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  • 82
    Online-Ressource
    Online-Ressource
    Washington, D.C : The World Bank
    Sprache: Englisch
    Seiten: 1 Online-Ressource
    Serie: World Bank E-Library Archive
    Serie: Financial Sector Assessment Program
    Kurzfassung: This assessment of the implementation of the BCP in India has been completed as part of the Financial Sector Assessment Program (FSAP), which has been undertaken by the International Monetary Fund (IMF) and the World Bank (WB) in 2017, at the request of the Indian authorities. The scope of the assessment is the scheduled commercial banks, and the assessment reflects the regulatory and supervisory framework in place as of the completion of the assessment. It is not intended to analyze the state of the banking sector or crisis management framework, which are addressed by other assessments conducted in this FSAP
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  • 83
    Online-Ressource
    Online-Ressource
    Washington, D.C : The World Bank
    Sprache: Englisch
    Seiten: 1 Online-Ressource
    Serie: World Bank E-Library Archive
    Serie: Debt and Creditworthiness Study
    Kurzfassung: This report provides a Debt Sustainability Analysis (LIC-DSA) of Grenada's public and publicly guaranteed (PPG) external and total debt for 2018. The macro-framework incorporates all previous debt restructurings, including the November 2017 haircut on commercial debt. Total public debt has declined from 108 percent of GDP in 2013 to below 71 percent of GDP in 2017 with external public debt declining to 48 percent of GDP. This reduction was made possible through a comprehensive restructuring of Grenada's public debt, fiscal consolidation, and robust economic growth. Nevertheless, with some USD 15.7 million (1.4 percent of GDP) in unresolved arrears to official bilateral creditors, Grenada's external debt risk rating remains 'in debt distress'. Going forward full regularization of arrears and continued fiscal discipline will be needed to keep the debt on a downward path and withstand the existing vulnerabilities to external shocks and natural disasters
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  • 84
    Online-Ressource
    Online-Ressource
    Washington, D.C : The World Bank
    Sprache: Englisch
    Seiten: 1 Online-Ressource
    Serie: World Bank E-Library Archive
    Serie: Financial Sector Assessment Program
    Kurzfassung: The costs of meeting the SDG WASH targets will be several times higher than investment levels during the MDG era (2000-15). The immense scale of the financing gap calls for innovative solutions. In addition to mobilizing more funding another approach is to deliver the needed infrastructure more efficiently and effectively and thus reduce the financing gap. Capital expenditure efficiency (CEE)-the efficient and effective use of capital-is less documented compared to operational efficiency. Although improving operating efficiency is frequently highlighted and readily evaluated, the scope for capital cost efficiencies is poorly understood, frequently overlooked, and difficult to evaluate, even though the scale of savings can be significant-in fact, capital and operating costs are equally important when considering full cost recovery. This study compiles case studies that show the andquot;art of the possibleandquot; in CEE. The report is not encyclopedic-many more examples could surface from a comprehensive study. It also doesnandapos;t quantify the savings possible through increasing CEE. However, almost all the examples show capital savings of 25 percent or more compared to traditional solutions. This alone this should give policy makers, donors, and utility managers pause for thought and encourage them to develop CEE in their sectors, projects, or utilities. A 25 percent improvement in CEE would allow existing investments to deliver a 33 percent increase in benefits
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  • 85
    Sprache: Englisch
    Seiten: 1 Online-Ressource
    Serie: World Bank E-Library Archive
    Serie: Debt and Creditworthiness Study
    Kurzfassung: The 2018 Debt Sustainability Analysis (DSA) assesses that the Republic of the Marshall Islands (RMI) remains at high risk of debt distress. The ratios of the present value (PV) of external public and publicly-guaranteed (PPG) debt to GDP and to exports are currently just below their respective policy-dependent indicative thresholds. The PV of the PPG debt-to-GDP ratio is expected to decline slightly in the near term, but to start increasing and exceed its indicative threshold in the medium to long term. Stress tests confirm the vulnerability of the debt position to lending terms as well as macroeconomic shocks. Although the RMI does not currently face debt servicing risks, helped by government revenue from fishing licenses and a stable flow of funds from the U.S. Compact grants until FY2023, a lack of fiscal buffers after FY2023 and risks from contingent liabilities call for a fiscal reform strategy. Containing the risk of debt distress requires continuation of grants to support the country's large development needs, and implementation of fiscal and structural reforms to promote fiscal sustainability and growth
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  • 86
    Sprache: Englisch
    Seiten: 1 Online-Ressource
    Serie: World Bank E-Library Archive
    Serie: Debt and Creditworthiness Study
    Kurzfassung: Sao Tome and Principe is classified as being in debt distress according to this joint World Bank-IMF low-income country debt sustainability analysis (DSA). This assessment has changed from the previous DSA completed in December 2017 (high risk of external debt distress) due to the prolonged negotiations on rescheduling external arrears. Nonetheless, Sao Tome and Principe's debt ratios have improved since the previous DSA. Specifically, the ratio of the present value of public and publicly-guaranteed (PPG) external debt to gross domestic product (GDP) no longer exceeds its threshold under the baseline scenario, due to lower-than-expected loan disbursements in 2017, an appreciation of the euro vis-a -vis the U.S. dollar, and higher-than-expected GDP deflator growth. As in the previous DSA, the debt service ratios stay below their respective thresholds under almost all scenarios. Nevertheless, the ratios of the present value of debt to exports and to revenue still exceed their respective thresholds under the baseline scenario early in the projection period, though they decline over time. This DSA underscores the importance of lowering all PPG external debt indicators below their thresholds by continuing fiscal consolidation, eschewing non-concessional loans, promoting growth, and expanding the export base
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  • 87
    Online-Ressource
    Online-Ressource
    Washington, D.C : The World Bank
    Sprache: Englisch
    Seiten: 1 Online-Ressource
    Serie: World Bank E-Library Archive
    Serie: Debt and Creditworthiness Study
    Kurzfassung: This debt sustainability analysis (DSA) concludes that Afghanistan's external and overall risk of debt distress continues to be assessed as high. Afghanistan's debt sustainability hinges on continued donor grants inflows (currently around 40 percent of GDP) against substantial fiscal and external deficits and downside risks to the economic outlook. A gradual replacement of grants by debt financing leads to high risk of debt distress in the long run and is captured by mechanical risk ratings based on an extended 20-year period rather than the standard 10-year period. Significant downside risks include the fragile security situation, political uncertainty, domestic revenue shortfalls, weather related risks, and regional economic instability. The authorities should continue their efforts to mobilize revenue and implement reforms, while donors should continue to provide financing in the form of grants. Debt management capacity, including the monitoring of contingent liabilities emanating from state-owned entities and public-private partnerships (PPPs), should be strengthened
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  • 88
    Online-Ressource
    Online-Ressource
    Washington, D.C : The World Bank
    Sprache: Englisch
    Seiten: 1 Online-Ressource
    Serie: Financial Sector Assessment Program
    Serie: World Bank E-Library Archive
    Kurzfassung: This financial sector assessment (FSA) summarizes the key findings and recommendations of the 2016 FSAP update report for Mexico. Mexico's economic growth has been steady and inflation remained low despite a significant depreciation of the exchange rate in the last 18 months.The medium term outlook for the Mexican economy foresees stable growth and inflation. After several years of contained growth, commercial bank credit grew by 14 percent in 2015, albeit from a very low base.Nonfinancial sector balance sheets show little sign of stress.Key risks to the macroeconomic outlook are mostly external in nature and stem from the close connection to US markets, the dependency on oil revenues, and potential resurgence of market volatility. A comprehensive financial reform was approved in November 2013 with the objective of increasing the financial sector's contribution to economic growth. The financial reform encompassed revisions to the banking law and other legislation to encourage credit expansion. This entailed a more active role of development banks in extending credit and measures to ensure that private financial institutions would channel credit to productive activities
    URL: Volltext  (Deutschlandweit zugänglich)
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  • 89
    Online-Ressource
    Online-Ressource
    Washington, D.C : The World Bank
    Sprache: Englisch
    Seiten: 1 Online-Ressource
    Serie: World Bank E-Library Archive
    Serie: Financial Sector Assessment Program
    Kurzfassung: This Technical Note examines India's securities market and the regulatory system overseeing the securities market and market participants. It is based upon a mission to Mumbai, India from March 14 - 31, 2017, conducted as one component of a joint IMF-World Bank Financial Sector Assessment Program (FSAP). This Note updates a detailed IOSCO assessment that was conducted from June 15 to July 1, 2011 as part of an FSAP and published in August 2013. It examines the changes that have occurred in India's securities markets since the last assessment and the changes that have occurred in the regulation of this market
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  • 90
    Sprache: Englisch
    Seiten: 1 Online-Ressource
    Serie: World Bank E-Library Archive
    Serie: Financial Sector Assessment Program
    Kurzfassung: The authorities' vision o ...
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  • 91
    Online-Ressource
    Online-Ressource
    Washington, D.C : The World Bank
    Sprache: Englisch
    Seiten: 1 Online-Ressource
    Serie: Financial Sector Assessment Program
    Serie: World Bank E-Library Archive
    Kurzfassung: Indonesia has exhibited strong macroeconomic performance, but developmental needs remain significant. To raise the living standards of a large population dispersed over thousands of islands, Indonesia must address several key challenges, including a sizeable infrastructure gap, relatively low productivity, and rising inequality. The authorities recognize that the financial sector needs to play a central role in overcoming such challenges. The authorities have been pursuing an ambitious agenda to promote financial sector deepening and to strengthen financial oversight and crisis management. Despite substantial progress since the last FSAP, the financial sector is not yet sufficiently able to fund development needs or boost inclusive economic growth. To promote sustainable financial sector deepening and inclusion, the authorities could consider a more coordinated, cross-cutting approach by addressing root causes. To promote inclusive economic growth and strengthen financial markets, the authorities pursue a diverse policy mix which includes: expansion of the KUR credit guarantee program with an interest subsidy add-on; a deposit interest rate ceiling; requirements for non-bank financial institutions to hold debt issued by the government and state-owned enterprises; and moral suasion to lower bank lending rates. However, these measures may not prove effective in achieving sustainably higher growth and financial deepening
    URL: Volltext  (Deutschlandweit zugänglich)
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  • 92
    Online-Ressource
    Online-Ressource
    Washington, D.C : The World Bank
    Sprache: Englisch
    Seiten: 1 Online-Ressource
    Serie: World Bank E-Library Archive
    Serie: Financial Sector Assessment Program
    Kurzfassung: This assessment of insurance regulation in Indonesia was carried out as part of the 2016-17 Financial Sector Assessment Program (FSAP). The Indonesian insurance sector is still vulnerable to a number of material risks. A number of insurers have failed in the last 10 years. After its establishment, OJK has taken prompt action in order to reduce the loss to policyholders by taking strong actions against four insurers with material deficits. OJK has monitored the capital adequacy of insurers through its risk based supervision scheme. During the recent market turmoil in 2015, the solvency requirement was relaxed for nine months while introducing the temporary suspension of mark to market valuation rules. The Indonesian insurance industry is exposed to significant catastrophic risk with domestic concentrations through mandatory reinsurance programs. The low interest rate environment in advanced economies is also affecting the life insurance sector, as insurers have some underwriting denominated in USD
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  • 93
    Online-Ressource
    Online-Ressource
    Washington, D.C : The World Bank
    Sprache: Englisch
    Seiten: 1 Online-Ressource
    Serie: Financial Sector Assessment Program
    Serie: World Bank E-Library Archive
    Kurzfassung: The authorities have actively pursued restoring credibility in the financial system following the collapse of the system's fourth largest bank in 2014. To restore credibility, the authorities - in addition to requesting a Basel Core Principles (BCP) assessment in 2015 and this financial sector assessment program (FSAP) - conducted an asset quality review (AQR) for banks and balance sheet review for non-banks, initiated reforms to Bulgarian National Bank (BNB) supervision and introduced a new bank resolution function. It is important that the authorities continue in their efforts to strengthen the banking sector. The FSAP stress test showed more pronounced effects, though broadly in line with that of the authorities, reflecting differences in approaches. While the financial safety net and crisis management arrangements are based on sound foundations, further effort is needed to fully develop the financial safety net's components. This includes strengthening the early intervention framework, and defining joint BNB - Ministry of Finance (MoF) strategies for liquidity assistance. A more targeted strategy is needed to address high nonperforming loans (NPLs), which can help reinvigorate the economy. A number of reforms are necessary to support the prudent development of the pension and insurance sector
    URL: Volltext  (Deutschlandweit zugänglich)
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  • 94
    Online-Ressource
    Online-Ressource
    Washington, D.C : The World Bank
    Sprache: Englisch
    Seiten: 1 Online-Ressource
    Serie: Financial Sector Assessment Program
    Serie: World Bank E-Library Archive
    Kurzfassung: This Technical Note (TN) examines the current state of NPLs in Bulgaria and makes recommendations for a strategy to substantially reduce NPLs. These strategy recommendations were developed based on an assessment of the relevant regulatory and supervisory framework and bank practices, including relevant standards and practices for accounting treatments, early warning systems, NPL market development, and collateral valuation. The TN sets forth macroprudential approaches and other components of a sound strategy for NPL reduction, including improvements to loan loss provisioning, income recognition on NPLs, loan write-downs, early warning systems, collateral valuation, risk information for investors, and the NPL market. The NPL management process involves many stakeholders, and their mutual cooperation is important for success. The Bulgarian National Bank (BNB), in its capacity as bank supervisor and regulator and as macroprudential authority for banks, will be in the lead position on the implementation of key aspects of the NPL reduction strategy that can achieve progress in the near term. Broader policies to enhance NPL resolution entail other stakeholders, including the Ministry of Justice (MoJ) that would need to engage in the areas of insolvency and collateral enforcement regimes
    URL: Volltext  (Deutschlandweit zugänglich)
    URL: Volltext  (Deutschlandweit zugänglich)
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  • 95
    Online-Ressource
    Online-Ressource
    Washington, D.C : The World Bank
    Sprache: Englisch
    Seiten: 1 Online-Ressource (1 pages)
    Serie: World Bank E-Library Archive
    Serie: Financial Sector Assessment Program
    Kurzfassung: At the request of the Colombian authorities, the bank resolution regime was assessed against the Key Attributes of Effective Resolution Regimes for Financial Institutions (KAs). The assessment was conducted by staff of the Financial Stability Board (FSB), International Monetary Fund (IMF) and World Bank utilizing the draft KA Assessment Methodology (AM). The assessment reviewed the resolution regime as of October 2015, and was limited to the banking sector, considering only those elements of the AM that directly relate to bank resolution without assessing those addressing the resolution of insurance firms, investment firms and financial market infrastructures (FMIs). As a draft methodology was used, the findings of the assessment should be viewed as preliminary. A central goal of this assessment was to test the draft AM, and a future revision of the AM might yield different results with respect to the adherence of the Colombian bank resolution regime to the KAs. In this light, no ratings were assigned in this review. This assessment was the first one undertaken in a country that is not a member of the FSB, or home to a Global Systemically Important Financial Institution (G-SIFI)
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  • 96
    Sprache: Englisch
    Seiten: 1 Online-Ressource
    Serie: Financial Sector Assessment Program
    Serie: World Bank E-Library Archive
    Kurzfassung: The establishment of the Central Bank of the Russian Federation (CBR) as a unified or 'Mega Regulator' in 2013 is an emblem of the far reaching changes to the legal and supervisory landscape in recent years. The level of compliance with the Basel Core Principles (BCP) reflects the transitional nature of the supervisory practices in Russia at the time of the assessment. The CBR is in the course of developing and enhancing its Risk Based Approach to supervision. The regulatory approach in the Russian Federation is highly rules based and this presents some specific challenges to an effective risk based supervisory regime. Supervision and Anti-Money Laundering and/Countering Terrorist Financing (AML/CFT) regulations have been improved. Effective communication and flow of information has been improving but some limitations still apply
    URL: Volltext  (Deutschlandweit zugänglich)
    URL: Volltext  (Deutschlandweit zugänglich)
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  • 97
    Online-Ressource
    Online-Ressource
    Washington, D.C : The World Bank
    Sprache: Englisch
    Seiten: 1 Online-Ressource (1 pages)
    Serie: World Bank E-Library Archive
    Serie: Financial Sector Assessment Program
    Kurzfassung: A joint IMF-World Bank mission visited the Russian Federation from March 15 to 31, 2016, to conduct an assessment under the Financial Sector Assessment Program (FSAP). The mission assessed financial sector risks and vulnerabilities, assessed the quality of financial sector supervision, and evaluated financial safety net arrangements. The mission also assessed financial inclusion for individuals, the role of the state in the financial sector, insurance sector development, and the payment system
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  • 98
    Online-Ressource
    Online-Ressource
    Washington, D.C : The World Bank
    Sprache: Englisch
    Seiten: 1 Online-Ressource (1 pages)
    Serie: World Bank E-Library Archive
    Serie: Financial Sector Assessment Program
    Kurzfassung: With about RUB 988bn (USD 26bn) in gross premium written, in 2014, the Russian insurance industry ranked 27th in the world. Non-life insurance premium accounted for 89 percent of GPW while life insurance for only 11 percent. In 2015, the industry also faced with the consequences of the Western economic sanctions which effectively closed access to the high quality Western reinsurance capacity for the Russian insurers that provide coverage for 1500 large Russian companies which were put on the sanctions list. In the past, the Western reinsurers provided over 80 percent of reinsurance capacity for such risks. In the case of Russia, the main objective of insurance supervision is to ensure that insurers fully comply with core regulatory norms fixed by the law in the following four areas of insurance operations: (a) solvency (capital adequacy); (b) insurance reserves; (c) assets covering own funds; and (d) assets covering reserves. The objective of off-site and onsite supervision is restricted to ensuring compliance of insurers with these four regulatory norms. In this context, the resources of the insurance supervisor are by and large dedicated towards meeting this objective. While the dispersion of insurance supervisory functions among numerous CBR departments with various reporting lines carries certain advantages (such as a reduced potential for the conflict of interest), it also has a potential for major drawbacks. These include the potential for (a) insufficient coordination among different departments, (b) shortage of necessary insurance expertise within departments universally dealing with a wide range of financial services, and (c) impaired ability of the regulator as a whole to systematically detect problems with compliance in such a technically complex industry as insurance at an early stage
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  • 99
    Sprache: Englisch
    Seiten: 1 Online-Ressource
    Serie: Other papers
    Serie: World Bank E-Library Archive
    Kurzfassung: This report responds to the February 2016 request from the G20. The report has been prepared in the framework of the Platform for Collaboration on Tax (the "PCT"), under the responsibility of the Secretariats and Staff of the four mandated organizations. The report reflects a broad consensus among these staff, but should not be regarded as the officially endorsed views of those organizations or of their member countries. The request arises in the context of increased recognition of the centrality to development of strong tax systems and of the importance of external support in building them, and a correspondingly increased willingness of advanced economies to provide substantially greater financing and other support for this. In that context, the report uses the experiences of the international organizations to analyze how support for developing tax capacity can be improved
    URL: Volltext  (Deutschlandweit zugänglich)
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  • 100
    Online-Ressource
    Online-Ressource
    Washington, D.C : The World Bank
    Sprache: Englisch
    Seiten: 1 Online-Ressource (1 pages)
    Serie: World Bank E-Library Archive
    Serie: Financial Sector Assessment Program
    Kurzfassung: This technical note discusses the current status of banking supervision and regulation in Montenegro in the context of select Basel Core Principles (BCP). This note has been prepared as part of a Financial Sector Assessment Program (FSAP) update conducted jointly by the International Monetary Fund (IMF) and World Bank (WB) in September 2015. As agreed with the authorities, the FSAP tea
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