SeminarSpecial Seminar

Tue, Nov 15, 2022

85th CARF Special Seminar : Prof. Beatrice Weder di Mauro “Climate and Debt”


Beatrice Weder di Mauro

 CEPR president, Professor at Geneva Graduate Institute

Speech Title

“25th Geneva Reports on the World Economy: Climate and Debt”
Even in a one-country world, the link between climate and debt leads to complicated questions. However, the planet consists of many countries, each with its own interests and resource limitations. This creates an additional challenge related to aligning individual country interests with the global interest of limiting temperature rises.
This report discusses these challenges by focusing attention on how climate mitigation and adaptation is paid for, and who pays for it. This requires thinking about instruments such as sovereign bonds, carbon credits, conditional official grants, and debt relief from both public and private sources.
The report suggests that no single instrument is right for all countries or at all times and puts forward six proposals and policy recommendations that can jointly address climate change and debt sustainability by focusing on financial instruments as a means of incentivising and committing governments to do the right thing and providing fiscal space for climate investment in countries that could not otherwise afford it.

Date & Time

Tuesday, November 15, 2022  17 :00-18:30


Lecture Hall 6, 2F of International Academic Research Building


Speaker's Profile

(cited from

Beatrice Weder di Mauro joined the Institute in January 2019 as Professor of International Economics. She is President of CEPR, the leading European network of economists, and Research Professor and Distinguished Fellow at the Emerging Markets Institute of INSEAD. From 2001 to 2018 she held the Chair for International Macroeconomics at the Johannes Gutenberg University of Mainz. From 2004 to 2012 she was a member on the German Council of Economic Experts. Previously she had worked at the University of Basel and the International Monetary Fund and has held visiting positions at Harvard University, the National Bureau of Economic Research and the United Nations University in Tokyo.

She has served as consultant to governments, international organizations and central banks (European Commission, International Monetary Fund, World Bank, European Central Bank, Deutsche Bundesbank, OECD, among others).  She is presently independent director on the board of Bombardier, UBS and Bosch and senior research fellow at the Asian Bureau of Finance and Economic Research (ABFER) in Singapore, a member of the ETH Foundation Council in Zurich and of the Bellagio Group.

Her research interests are in international macroeconomics. She has published widely in leading academic journals, including the American Economic Review, Journal of International Economics, Brookings Papers on Economic Activity, Journal of Public Economics, Journal of Development Economics and Review of Finance. She writes regular op-eds and contributions to the public policy debate.