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CGD Policy Blogs

 

Coal or No Coal? A Burning Question for the World Bank

Over the past few months, quite a bit of high-level rhetoric has surrounded World Bank funding of coal projects in developing countries. On one side, Christiana Figueres, the executive secretary of the UN Framework Convention on Climate Change, stated that “it is no longer necessary [for the World Bank to invest in coal projects] because we have many other technologies that can come forward.” On the other side, World Bank president Jim Kim stated that “we will look for everything we can possibly do to avoid [coal projects] but look, poor people should not pay the price with their lives of mistakes that people have been making in the developed world for a very long time.”

Overcoming Myopia Before It Kills Us – Ian Goldin

Is it possible to alter national governments and global institutions so that decision makers can focus on the vitally important longer term challenges, while still dealing with the urgent considerations which crowd their daily agenda? That’s the important and difficult question set before the The Oxford Martin Commission for Future Generations. My guest on this week’s Wonkcast is Ian Goldin, director of the Oxford Martin School and the driving force behind the commission.

World Bank Study Explores Options on Global Public Goods

Many obstacles to development transcend national borders and therefore cannot be adequately addressed within a single country. These include issues such as drug resistance and other cross-border health risks, financial crises contagion, money laundering, water scarcity, fisheries collapse and, of course, climate change. Economists call efforts to address these problems Global Public Goods (GPGs). Like other public goods, funding for GPGs is chronically in short supply: of $125 billion in annual official development assistance (ODA ) only about $3 billion goes to GPGs.