MCC has long applied rigorous environmental safeguards and standards to its investments in partner countries. And since President Obama’s September 2014 Executive Order on Climate-Resilient International Development, MCC (along with other key USG foreign assistance agencies) has been expanding its efforts to ensure that it considers climate change risk—and, where possible, mechanisms for adaptation—in investment planning and execution
CGD Policy Blogs
If you haven’t been following debates on biofuels recently, you’ve been missing a lot of excitement. Fortunately, a timely new CGD Working Paper by my colleague Kim Elliott provides a primer for how to think about these debates through the lens of development. The bottom line is that biofuel subsidies in rich countries are bad for development by increasing the costs of food and driving tropical deforestation even while failing to reduce t
Two studies have come to sharply contradicting conclusions about recent trends in tropical deforestation. One study, based on official national statistics, says that the rate of deforestation in the humid tropics slowed by 25 percent between the 1990s and the 2000s.
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.
The Senate voted today (Thursday) to move ahead with legislation to build the controversial Keystone XL pipeline, which would transport millions of barrels of dirty tar sands oil from Canada to the US Gulf Coast, mostly to be refined and exported to other countries (legislation destined for the Presidential veto). Strange, then, that last week the Senate voted 98-1 to approve a resolution stating that “climate change is real and not a hoax.”
Is Indonesia’s Flagship Forest Policy Lowering Emissions by Enough to Meet National Climate Targets?
Indonesia’s flagship forest policy—a moratorium on new licenses to log or clear rainforests that started in 2011—has lowered the country’s greenhouse gas emissions from deforestation by an estimated 1.0-2.5 percent over four years. But unless the moratorium policy is significantly strengthened Indonesia is poised to fall far short of its national climate target of a 26-41 percent reduction in emissions by 2020.
Here are my wishes for commitments that countries could make at each of three big development-relevant international events in the next 12 months. I find it harder than ever to make such a list this year; global cooperation is becoming harder than ever to manage. With the rise of China and other emerging markets, cooperation in what is now a multipolar system is more necessary than it has been in decades, but more and more elusive. That puts a premium on strengthening the world’s international institutions and on—yes—UN and other international conferences and convenings and conversations in search of a global consensus on norms, programs, actions, and goals