The historic UN “Paris Agreement” achieved by climate change negotiators highlighted the importance of conserving forests and laid the groundwork for future global carbon markets to finance emissions reductions from tropical forest countries. But a full-fledged carbon market-based mechanism to protect forests and reduce rampant deforestation is still years down the road. In the meantime, reducing emissions from deforestation will continue to depend on a medley of public and private financing appr
CGD Policy Blogs
How much do rich countries’ policies help or hinder the world’s poorest people? That’s what CGD’s Commitment to Development Index (CDI) measures.
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.
Under the rubric of “buttressing sustainability,” the Turkish presidency has placed development at the center of its G-20 agenda, with a special focus on climate change finance. As G-20 leaders assemble this weekend, with the UN climate summit in Paris just two weeks later, the conversation will undoubtedly focus on how rich countries can make good on their 2009 Copenhagen commitment to mobilize $100 billion for developing countries by 2020. How can G-20 leaders make the Paris summit a success? Here are three suggestions.
When it comes to fighting climate change, California is already a world leader on pricing carbon, transitioning to renewable energy, and decarbonizing the world’s eighth largest economy. California has yet another golden opportunity to lead on climate, by green-lighting finance to protect tropical forests.
The Financing Development for Development Conference is well under way, and this week's podcast comes to you direct from Addis to give you an update on the negotiations. Owen Barder, who has been in on the conversations, tells you what's being discussed and the likelihood of meaningful results being reached.
India just did something big for the climate: it announced that it will allocate $6 billion a year in tax revenue in a way that will encourage forest conservation. That’s more results-based finance for forest conservation than any other country in the world, including the current biggest spender Norway.