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Blog Post
March 20, 2023
The UK's Energy Price Guarantee increased CO2 emissions by 3.2 million tonnes over the period October 2022-April 2023—double the achievements of UK climate mitigation aid over the same period, which we estimate at a reduction of just 1.6 million tonnes of CO2, demonstrating that when it is expedient...
POLICY PAPERS
March 16, 2023
The current World Bank model focuses on reducing poverty and promoting equitable growth, while considering environmental and social sustainability. Programming is country-driven and resources allocated according to client government priorities, leaving global public goods (GPGs), particularly climat...
Blog Post
March 14, 2023
Climate financial intermediary funds (FIFs) represent one of the largest sources of multilateral grant and other concessional finance for climate, including for middle-income countries (MICs). Together, they have received more than $50 billion in cumulative grant funds from donors. They have collect...
POLICY PAPERS
March 14, 2023
The climate financial intermediary funds (FIFs) are one of the largest sources of grant and concessional finance for climate, especially for middle-income countries, but there are significant challenges at the systemic level and differing performance across FIFs. We recommend consolidating funds in ...
Blog Post
March 14, 2023
The World Bank’s Evolution Roadmap suggests the institution could provide more grants and subsidies to activities that support the provision of global public goods (GPGs), particularly in richer developing countries. Provision of those public goods is surely a priority: avoiding future pandemics and...
Blog Post
March 09, 2023
Dana Hyde showed tremendous leadership and wisdom as the fourth head of the Millennium Challenge Corporation (MCC), serving for nearly three years during President Obama’s second term. These brief notes on her leadership are our way of providing a tribute to her major contributions to MCC’s effectiv...
Blog Post
March 02, 2023
To kick off Season 2 of Lagos to Mombasa, Gyude reflects on the intricacies of climate change and development in Africa and explores how space-based technologies can help. Temidayo Oniosun of Space in Africa and Rose Croshier from CGD join Gyude to discuss the intersections of space technology with ...
Blog Post
February 27, 2023
The European Commission has quietly announced that it now has major ambitions to recruit international workers for its green transition. This is sensible, necessary, and can be positive for all involved. It will, however, face challenges. This blog reviews the EU’s goals, and suggests ways to go abo...
Blog Post
January 31, 2023
A central objective of climate policy is the reduction of carbon emissions, either by promoting renewable energies and increasing energy efficiency across sectors, or by imposing restrictions on activities contributing to greenhouse gas (GHG) emissions. The financial sector is expected to play a maj...
WORKING PAPERS
January 31, 2023
What is the response of bank foreign subsidiaries to climate policy in their host countries? We find that global banks with high environmental performance increase their presence in countries after local authorities strengthen their climate-related actions. Our findings show that strengthening clima...