News from Warsaw on the just-concluded 19th round of global climate talks suggests that there has been little progress towards a binding agreement on either cutting emissions or paying the rising costs of climate change. Nonetheless, even without a global agreement requiring them to cut emissions from power plants, which account for about a third of the problem, 130 countries have set renewable energy targets.
CGD Policy Blogs
Lant Pritchett lambasts the donor focus on eliminating extreme poverty because getting the income of poor people to the $1.25/day threshold is a pathetic definition of success. A decade ago Lant had proposed $15/day as more sensible minimum for human wellbeing. Today, he worries that setting our sights too low prevents us from meeting the real goal of development—to build modern, prosperous societies.