Global Scans · Government · Weekly Summary

• [New] Taking the targets of all the largest automakers together, more than 40 million electric cars could be sold in 2030, which would meet the level of deployment projected under today's policy settings. IEA
• [New] If all the national energy and climate targets made by governments are met in full and on time, as in the Announced Pledges Scenario, two-thirds of all vehicles sold in 2035 could be electric, avoiding around 12 mb/d of oil. IEA
• [New] Green-Morgan went on to say the UK government will be aware of the need to protect the UK's national and economic security by taking immediate action to establish a reliable supply of critical minerals. Metal Tech News
• [New] Although the UK government is aware of the need to establish a secure supply of critical minerals to achieve its economic, net zero and defence ambitions, it will need to refine its approach to change the geopolitical status quo in the near term. Metal Tech News
• [New] Even China is concerned that technologies like generative AI could be used as a tool to criticize authorities, which suggests there is an incentive for implementing certain regulations. Asia Pacific Initiative <
• [New] As the global economy approaches a soft landing, the near-term priority for central banks is to ensure that inflation comes down smoothly; they should neither ease policies prematurely nor delay too long and risk causing target undershoots. IMF eLibrary
• [New] Monetary policy projections: With inflation projected to continue declining toward targets and longer-term inflation expectations remaining anchored, policy rates of central banks in major advanced economies are generally expected to start declining in the second half of 2024. IMF eLibrary
• [New] Scotland would instead follow the UK and Welsh governments in setting five-yearly carbon budgets in an effort to meet its zero emissions target date of 2045. The Guardian
• [New] The prospect of interest rate cuts could improve the fiscal outlook for governments and businesses, but monetary policy alone cannot solve all pressing global challenges. The Star
• [New] There are concerns among Western governments that a world war could be triggered within the next three to four years if China invades Taiwan. iNews
• [New] In order to reduce Iran's threat without going into a full war, the United States and Israel need to reorient their policies in Syria from containing the Iranian threat to dismantling the IRGC's hold over Syria. Atlantic Council
• [New] Influential industry groups are urging governments to push adoption of the legal entity identifier (LEI) system, arguing wider uptake could cut trade costs by US$100bn and widen access to financing for smaller companies. Global Trade Review (GTR)
• [New] D9+ Ministers will liaise with the B9+ group, the national business organizations from the D9+ countries and currently led by Ibec on digital policy priorities for the next 5-year term of the European Commission. Department of Enterprise, Trade and Employment
• [New] There are other tricks possible, like keeping Chinese cars out by considering their internet connection a national security risk, it risks making EVs more expensive in the U.S. compared to elsewhere. Seeking Alpha
• [New] Partly because of the Murdoch media's promotion of nuclear power and its push-polling, the federal Liberal-National Coalition opposition has pledged to introduce nuclear power to Australia by the mid-2030s if it wins and forms a government at the election to be held no later than May in 2025. The Ecologist
• [New] The Scottish Government confirmed reports that it would be abandoning its target to reduce greenhouse gas emissions by 75% by 2030. New Civil Engineer
• [New] The next five years are expected to see India exerting more significant economic influence across the Asia-Pacific region, positioning it as a key player in shaping regional trade dynamics and monetary policies (Source: Baker McKenzie & Mergermarket Group). FinancialExpress
• [New] The government of Canada missed an opportunity to support Canadian communities and improve affordability in the 2024 budget. Mass Transit
• The new regulation, adopted with 447 votes in favour, 90 against and 54 abstentions, will beef up mechanisms for fair pricing and stable energy supply, and will allow member states to limit gas imports from Russia and Belarus. investESG.eu
• To reap the demographic dividend, IDA governments will need to undertake policies to improve education and health outcomes and make sure that jobs are available for the rising number of young people who will enter the workforce in the coming decades. World Bank

Last updated: 24 April 2024