Alicia Garcia Herrero, Natixis Asia Pacific Chief Economist, Bruegel Senior Fellow

China’s bold announcements to address climate change, namely to reach peak emissions by 2030 and achieve carbon neutrality by 2060, have been accompanied by several policy measures. …


Alicia Garcia Herrero, Natixis Asia Pacific Chief Economist, Bruegel Senior Fellow

Chinese leaders have been obsessed with economic growth since Deng Xiaoping launched his “reform and opening-up” strategy more than 40 years ago. To encourage growth and repair an economy devastated by the Cultural Revolution, he was willing to cast…


Alicia Garcia Herrero, Natixis Asia Pacific Chief Economist, Bruegel Senior Fellow

Throughout 2020, the Covid-19 pandemic caused massive human and economic casualties. The pandemic has been a major blow for developing countries, especially low-income countries, from many perspectives. These countries experienced a sudden dry-up of external financing in March 2020…


Alicia Garcia Herrero, Natixis Asia Pacific Chief Economist, Bruegel Senior Fellow

During his virtual speech at the 76th session of the United Nations General Assembly, Chinese President Xi Jinping pledged to end the financing of new coal-fired power plants overseas. …


Alicia Garcia Herrero, Natixis Asia Pacific Chief Economist, Bruegel Senior Fellow

The Chinese real estate sector has long been too big and too risky, and it is not coincidental. It was central in the Chinese leadership’s plan to reflate the economy from the global financial crisis in 2008. Since then…


Alicia Garcia Herrero, Natixis Asia Pacific Chief Economist, Bruegel Senior Fellow

With less than four weeks before the start of the 26th U.N. Climate Change Conference of the Parties, or COP26, in Glasgow, China is increasingly the center of global climate policy attention. The country missed the July 31 deadline…


Alicia Garcia Herrero, Natixis Asia Pacific Chief Economist, Bruegel Senior Fellow

Abstract

Dual circulation may sound like a buzzword without much relevance, but it is not. It actually enshrines China’s long-standing ambition to become self-sufficient. Such an ambition was made known to the world in 2015 after the launch of…


Alicia Garcia Herrero, Natixis Asia Pacific Chief Economist, Bruegel Senior Fellow

Nearly all global decarbonisation scenarios agree: the future is electric. There are two basic reasons why electrification is the primary and most cost-effective pathway to decarbonisation. First, after decades of subsidy-driven technological innovation, solar and wind have now become…


Alicia Garcia Herrero, Natixis Asia Pacific Chief Economist, Bruegel Senior Fellow

There is a silver lining over the concerns around Asia’s sluggish vaccine rollout. Even though at a low level compared with the rest of the world, the vaccination drive has sped up recently.

Almost 30% of the population in…


Alicia Garcia Herrero, Natixis Asia Pacific Chief Economist, Bruegel Senior Fellow

The COVID pandemic has certainly not slowed down Europe’s quest to save the planet from global warming. After further tightening its net emission target by 2030 from 40% to at least 55% compared to 1990 levels to achieve climate…

Alicia Garcia Herrero艾西亞

Senior Fellow at Bruegel

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