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CGD explores the role and impact of climate finance and broader economic policy in assisting developing countries.
The effects of climate change are already being seen throughout the world, and it is clear that a fundamental change in the world’s economy will be needed if the planet is to survive. Lower income countries will be among those most affected by climate change; yet they have contributed least to global emissions, with the poorest 52 countries, home to 1.4bn people contributing less than 2% of global emissions.
As the world adjusts to a new climate reality, CGD experts are exploring the role climate finance and wider economic policy can have in assisting developing countries to adapt to whatever economic order may emerge. How can higher income countries and international financial institutions best support developing countries confronting the challenges of climate change? How can the COVID-19 recovery support the changes needed for long-term resilience and sustainability?
At this time of the year, sparkling trees and decorated lawns have taken over. A 2008 study from the US Energy Department’s Energy Information Administration (EIA) found that decorative seasonal lights accounted for 6.6 billion kilowatt hours of electricity consumption every year in the United States. That’s just 0.2% of the country’s total electricity usage, but it could run 14 million refrigerators. It’s also more than the national electricity consumption of many developing countries, such as El Salvador, Ethiopia, Tanzania, Nepal, or Cambodia.
An area of tropical forest the size of India will be deforested in the next 35 years, burning through more than one-sixth of the remaining carbon that can be emitted if global warming is to be kept below 2 degrees Celsius (the “planetary carbon budget”), but many of these emissions could be cheaply avoided by putting a price on carbon.
Join us for a Tweet chat with @jonahbusch Thursday, August 27, at 10 a.m. EDT. #CGDchat
In 2016 on the CGD Podcast, we have discussed some of development's biggest questions: How do we pay for development? How do we measure the sustainable development goals (SDGs)? What should we do about refugees and migrants? And is there life yet in the notion of globalism? The links to all the full podcasts featured and the work they reference are below, but in this edition, we bring you highlights of some of those conversations.
My guest this week is Frances Seymour, our newest senior fellow at the Center and one of the world’s top authorities on the complex issues at the intersection of tropical forests, development and climate change.