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CGD NOTES
June 22, 2023
So far, most of the focus in Indonesia’s JETP has been on efforts to reduce the supply of carbon-intensive power by refinancing coal-fired power plants to retire them early and replace them with renewables. But this strategy alone may not deliver the speed and scale of the transition required. Decar...
POLICY PAPERS
June 20, 2023
If we could reinvent MDBs to respond to urgent development and climate needs and to benefit from 70 years of experience with the model, what would they look like? Countries should chart their own low-carbon climate resilient development and growth paths, with robust analytical support from MDBs that...
Blog Post
June 16, 2023
The International Monetary Fund (IMF) needs more subsidy resources to continue its concessional lending to low-income countries (LICs) at current levels. Following the example set by the United Kingdom, lenders to the IMF's Poverty Reduction and Growth Trust (PRGT) can build subsidy resources into t...
CGD NOTES
June 16, 2023
In this note we assess the potential short-term fiscal impact of these instruments. We look at three major natural disasters over the past two years and assess how much relief each country would have received if DSCs had been included in the totality of their external debt instruments.
Blog Post
June 14, 2023
Too often, climate finance is treated as a proxy for climate outcomes when it comes to agenda-setting and strategy at the multilateral development banks. Over the last 18 months, the World Bank’s shareholders have led a major reform push that would have the Bank focus more on climate, with the discu...
POLICY PAPERS
June 14, 2023
We examine the World Bank’s climate portfolio at the project level for the period 2000-2022 and find that financing is skewed towards mitigation projects. These projects lack estimates of greenhouse gas emissions reductions, and there is no standardized reporting on GHG estimates across the portfoli...
Blog Post
June 14, 2023
As new World Bank President Ajay Banga settles into 1818 H Street, he will face a sharply divided group of shareholders on the mandate of the Bank, as evidenced by the contentious debate over its role on climate and other global public goods (GPGs). Most shareholders have weighed into this debate,...
Blog Post
June 13, 2023
Subsequent statements and declarations made it fairly clear that all $100 billion was meant to be new and additional –presumably ‘new and additional’ to existing financial transfers to developing countries. But there is no consensus definition of “new and additional climate finance.” That raises th...
BRIEFS
June 08, 2023
To meet many of today’s most pressing challenges, we need to find new solutions. But the fastest, cheapest, and most effective way to encourage high-impact innovation isn’t always obvious. Governments, philanthropists, and the private sector typically invest in research and development (R&D) by bett...