CGD Policy Blogs
IMF Chief Warns of Triple Crisis—Economic, Environment, Social—Details IMF Actions to Help on Climate
In a major departure from the IMF’s traditional focus on narrowly defined economic problems, IMF managing director Christine Lagarde warned today that the world faces “a triple crisis—an economic crisis, an environmental crisis and, increasing, a social crisis.”
This Wonkcast was originally recorded in April 2011.
Rapid climate change is upon us, and governments, multilateral organizations, and development agencies are preparing to dole out billions of dollars in adaptation assistance. Nevertheless, little research has gone into calculating which countries are most vulnerable to global warming.
On this Wonkcast, I’m joined by David Wheeler, senior fellow at the Center for Global Development, who created an index for determining which countries should be prioritized when the money starts to flow. His paper, “Quantifying Vulnerability to Climate Change: Implications for Adaptation Assistance”, provides an index for comparison of cross-country vulnerability to some of the most extreme climate threats. An accompanying map makes it easy to see which countries will be hit hardest.
My guest on this week’s Wonkcast is Nigel Purvis, CEO of Climate Advisors, a visiting senior associate at CGD, and the co-author of a new CGD report “Energizing Rio+20: How the United States Can Promote Sustainable Energy for All at the 2012 Earth Summit.” We spoke last Friday following the launch of the report at a CGD event that concluded with a keynote address by UN Secretary-General Ban Ki-moon.
Despite protestation from all sides that there should be only one development agenda post-2015, the Rio process continues on what appears to be a parallel, overlapping track. Not least that’s because the Sustainable Development Goals (SDGs) are facing the same issue as the process to come up with new Millennium Development Goals (MDGs) –everyone with a sectoral agenda is arguing that their topic is vital to sustainable development. Many of them are surely right. But if povert
David Wheeler, our lead researcher on climate and development, decided recently to retire from CGD, though he will continue to be active in CGD’s intellectual life as our first senior fellow emeritus. Since joining CGD in 2006, David has published more than 20 working papers and launched two pathbreaking global databases, Carbon Monitoring for Action (CARMA), which provides data on the CO2 emissions of more than 50,000 powerplants worldwide, and Forest Monitoring for Action (FORMA), which uses satellite data to provide rapid, high-resolution tracking of tropical deforestation.