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CGD Policy Blogs

 

Financing for Adaptation to Climate Change: Ensuring the Most Vulnerable Are Covered

At next week’s global climate summit in Paris the mood is likely to be somber in the wake of the devastating terrorist attacks. Spirits won’t be raised by the fact that the national emissions reduction plans submitted so far are only half of what’s needed to keep global temperature increases within the agreed target of 2 degrees Celsius.  Also discouraging are the large gaps that remain between how much climate finance developing countries need to cover the costs of mitigation and adaptation and the commitments put forward by developed countries.

A Well-Intended Waste at Malta? The New EU-Africa Deal Will Do Little for the Migration Crisis

On Thursday, the leaders of 30 African countries signed a European Commission action plan tasking them–in exchange for a $2 billion “emergency trust fund”–to take back economic migrants looking to settle in Europe. If this sum is meant as a bribe, it is a bad deal. With remittances dwarfing foreign aid worldwide ($580 billion versus $135 billion in 2014), migration is a better deal for Africa than aid.