Political strife caused by the war in Ukraine, an energy crisis and tightening credit are hitting EU firms just as they were beginning to emerge from the COVID-19 crisis. While the pandemic was a major shock, sizable policy support enabled firms to survive and transform. Relatively easy access to funding also helped them weather the crisis. Pandemic support has since been pulled back, however, and now firms are grappling with high inflation, instability and tighter credit conditions. These combined pressures are souring firms' outlook. The report provides insight into the state of the European economy and its ability to withstand these crises while also becoming greener and more digital. The analysis is based on the EIB Group's annual Investment Survey, which surveyed 13 000 firms in the European Union from April until July 2022 on their performance, investment, financing issues and challenges. These key findings, provide a short accessible summary of the main report's messages.

The European economy is under pressure. Growth is slowing and competitive challenges are rising, all while EU firms navigate the demands of the green transition. Coordinated support from national governments and EU institutions proved critical after the COVID-19 pandemic, helping Europe to bolster its resilience to future shocks and spurring the investment needed to transform and modernise the economy. As a result, progress was made in digitalisation, energy efficiency, decarbonisation and reinforcing supply chains. The pace of change needs to accelerate, however, even as investment becomes harder to sustain. To remain competitive, the European Union and its members need to improve productivity, encourage innovation, address skill gaps, develop new technologies and supporting young, dynamic firms. The report, which is based on the EIB Group's annual Investment Survey, provides insights on how EU firms are dealing with these pressures, and whether they are taking the necessary steps to transform their businesses. These key findings, provide a short accessible summary of the main report's messages.

This book explores the potential of renewable energy sources to promote sustainable development in Africa, with a specific focus on Cameroon, Nigeria, Uganda, South Africa, and Algeria. It delves into the challenges and opportunities presented by various renewable and clean energy technologies, including nuclear power, liquefied petroleum gas, bamboo biomass gasification, and geothermal energy, in addressing the energy needs of African nations. Additionally, the book assesses the socioeconomic and environmental impacts of renewable energy projects and evaluates their alignment with the African Union's Agenda 2063 and the Sustainable Development Goals. Using a combination of theoretical and empirical methods, such as scenario-based modeling, techno-economic feasibility analysis, stakeholder theory, and panel data analysis, the book provides a comprehensive assessment of the renewable energy sector in Africa. Its interdisciplinary and cross-country approach, as well as its incorporation of innovative concepts like social innovation and bamboo-based development, makes it a unique resource. This book is valuable for undergraduate and graduate students, researchers, policymakers, practitioners, university research libraries, research centers, and anyone interested in understanding how renewable energy can contribute to a more resilient and prosperous Africa.

Prices of essentials like energy and food have increased dramatically in OECD countries, adding uncertainty to household finances despite a persistently strong labour market post COVID-19. The latest edition of the OECD Risks that Matter (RTM) survey confirms that costs of living are at the top of people’s minds even in the world’s wealthiest countries: around nine in ten respondents, on average, report feeling concerned about inflation.

The Flexible Voluntary Contribution (FVC) 2022 annual progress report captures the key achievements of the FVC, both in terms of its role as a pooled fund for non-earmarked and softly earmarked contributions from resource partners and the implementation of development initiatives through FVC subprogrammes. The report provides a comprehensive understanding of the FVC's role within the Organization, the contribution of FVC-funded work to the achievements of FAO's four betters and their respective Programme Priority Areas (PPAs), and the future direction of the FVC based on experiences in 2022. The report comprises six sections: (1) Introduction, (2) Achievements of the FVC as a fund, (3) Achievements of FVC programmes (the four betters), (4) Key FVC principles, (5) Challenges and lessons learned, and (6) Conclusions and future actions.