This expert note provides a review of the pandemic’s impact on the transport sector, a rationale for economic recovery through transport, NDC-related measures captured in economic recovery discussions, and guidance for NDC and recovery alignment.
South Africa’s government and industry have indicated their intention to position the local value chain as a key player in the mobility of the future. Looking ahead, the possibility of developing the domestic LIB value chain should not be overestimated: South Africa displays key pockets of excellence but not all activities in the value chain are likely viable domestically. At the same time, the importance of developing the LIB value chain should not be underestimated.
The World Bank’s 2020 Global Gas Flaring Tracker, a leading global and independent indicator of gas flaring, found that from 2019 to 2020, oil production declined by 8 percent, while gas flaring dropped by 5 percent. While these seven countries have together produced some 40 percent of the world’s oil each year, they have also accounted for roughly two-thirds (65 percent) of global gas flaring. This trend is indicative of ongoing, though differing, challenges facing these countries.
This note prepared for the G20 Infrastructure Working Group summarizes the main finding of the IMF flagships regarding the role of environmentally sustainable investment for the recovery.
Post-COVID financial regulatory policy must incorporate awareness that its starting point is very unusual and different from that in existence pre-corona. The set of financial regulation policies appropriate to this situation requires placing an instrument at the center of the design of financial regulatory policy that effectively internalizes the inter-dependencies in the actions of the financial system.