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CGD NOTES
December 06, 2023
Marginal abatement cost curves, which suggest the cheapest approaches to reducing carbon emissions, are out of favor in international climate finance discussions because they are not good tools to use when thinking about systemic and urgent change. On the other hand, international financing studies ...
Blog Post
December 06, 2023
As COP28 draws on, major multilateral development banks (MDBs) and the International Monetary Fund (IMF) have made flashy announcements about their desire to expand debt-for-nature swaps. About a year ago, we warned against overestimating the efficacy of such swaps in addressing both climate change...
Blog Post
December 01, 2023
The dirty secret of climate finance is that much of it is displacing traditional development aid. Calls for more climate finance are important, but if current practice is any guide, a large share of the funds will be taken from budgets that fund critical development priorities, such as health, educa...
Blog Post
November 30, 2023
The latest climate COP, or “Conference of the Parties to the United Nations Framework Convention on Climate Change,” got underway today in Dubai. It will be attended by thousands of delegates from governments, the private sector, media, and civil society, with two hectic weeks of events and negotiat...
Blog Post
November 30, 2023
Ahmed Saeed of Allied Climate Partners and formerly the Asian Development Bank joins CGD’s Karen Mathiasen and Clemence Landers for a conversation on his organization's new approach to blended finance, how to bridge the private and public sectors more effectively, and how to balance climate mitigati...
Blog Post
November 29, 2023
At the start of the COVID pandemic, we examined how major deteriorations in low-income country (LIC) debt levels could influence the grant funding requirements for IDA, the World Bank’s low-income-country lending arm. IDA provides a mix of concessional credits (which need to be repaid) and grants (w...
Blog Post
November 29, 2023
Sovereign debt issues for emerging markets and developing economies (EMDEs) were a predictable subject of many conversations at the World Bank and IMF Annual Meetings in Marrakech. Here are our main takeaways on the state of play and how to make progress to address urgent needs amidst slow-moving pr...
Blog Post
November 28, 2023
Recent news that developed countries may finally have delivered on their promise to mobilise $100 billion of climate finance is welcome. But it is nowhere near enough to meet the aims of the Paris Agreement, and climate finance will continue to be an extremely contentious issue at COP28 in Dubai. So...
CGD NOTES
November 17, 2023
Breaking barriers to climate financing requires bold interventions at a systemic level. The goal should be a just and equitable climate transition that spans across Africa; not one that is restricted to just a handful of countries deemed "investable." Achieving this transformative agenda requires co...