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Banking Essentials - Part I

This pathway will walk us through the basics of banks, starting with some of the different types and their main functions, then starting to look at the regulation faced by the banks, both before and after the Global Financial Crisis.

Greenwashing

Greenwashing is the act of distributing false information about something being more environmentally friendly than it actually is.

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Tackling the Cost of Living Crisis

In this video, Max discusses the cost-of-living crisis currently enveloping the UK. He examines its impact on households as well as the overall economy.

CSR and Sustainability in Financial Services

In the first video of this two-part video series, Elisa introduces us to sustainability. She begins by looking at the difference between sustainability and corporate social responsibility, two terms that can be easily confused.

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Banking Essentials - Part I

This pathway will walk us through the basics of banks, starting with some of the different types and their main functions, then starting to look at the regulation faced by the banks, both before and after the Global Financial Crisis.

Greenwashing

Greenwashing is the act of distributing false information about something being more environmentally friendly than it actually is.

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Expert led content

+1,000 expert presented, on-demand video modules

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Gain CPD / CPE credits and professional certification

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Build, scale and manage your organisation’s learning

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Connect Finance Unlocked to your current platform

Featured Content

More featured content

Tackling the Cost of Living Crisis

In this video, Max discusses the cost-of-living crisis currently enveloping the UK. He examines its impact on households as well as the overall economy.

CSR and Sustainability in Financial Services

In the first video of this two-part video series, Elisa introduces us to sustainability. She begins by looking at the difference between sustainability and corporate social responsibility, two terms that can be easily confused.

More featured content

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Macroeconomic Simulation of a Global Carbon Tax Shock II

Macroeconomic Simulation of a Global Carbon Tax Shock II

Kemar Whyte

Leading Economist on Carbon Tax Modelling

The world is only getting hotter and we need to understand the potential ramifications of these climate change policies. Previously, Kemar outlined two carbon shock scenarios and their anticipated effects. In this video, he will explore in depth the results of the model simulation.

The world is only getting hotter and we need to understand the potential ramifications of these climate change policies. Previously, Kemar outlined two carbon shock scenarios and their anticipated effects. In this video, he will explore in depth the results of the model simulation.

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Macroeconomic Simulation of a Global Carbon Tax Shock II

7 mins 57 secs

Overview

The National Institute of Economic and Social Research explores the results of the model simulation

Key learning objectives:

  • Understand the results of the model simulation

  • Identify how a carbon tax would affect price and emissions

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Summary

What are the results of the simulation?

This video explores the impact of a sudden and uniform $100 carbon tax applied across all economies. The effective oil price would rise by approximately 70% on impact, more than 300% for coal and 60% for gas. 

The rise in carbon tax is accompanied by a temporary rise in global credit constraints, to capture the heightened uncertainty triggered by the sudden shift in asset valuations. The shock triggers a shift in the energy mix and decline in CO2 emissions. It raises production costs, reduces the available energy input into production, generates fiscal revenue and impacts a country’s terms of trade. 

 

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Kemar Whyte

Kemar Whyte

Kemar Whyte is a senior economist at the National Institute of Economic and Social Research, specialising in macroeconomic modeling and forecasting. His research interests include financial stability and macroprudential regulation and supervision as well as applied macroeconomics and economic policy. Prior to joining NIESR in 2019, I obtained a masters degree in Economics from the University of the West Indies and a Ph.D. in economics from The University of Sheffield.

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