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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?
Why Forests? Why Now? draws upon science, economics, and politics to show that tropical forests are essential for climate stability and sustainable development, that now is the time for action, and that payment-for-performance finance is a course of action with great potential for success.
It’s 2030 and instead of racing toward the brink of climate catastrophe the world has begun to back away. Annual global emissions of heat-trapping gasses have fallen two-thirds—faster than anybody had dared to hope as recently as a dozen years ago—with continued steep reductions ahead.
We’ve been surprised at all the attentionTodd’s new fridge has gotten recently—including comments saying the comparison against African per capita electricity consumption isn’t fair because many of those people don’t have refrigerators. Exactly our point!