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The effects of climate change are already being seen throughout the world, and a fundamental change in the world’s economy will be needed if the planet is to survive. Developing countries will be among those most affected by climate change; yet they are also the least powerful in mitigating climate change. As the world recovers from the COVID-19 pandemic and simultaneously adjusts to a new climate reality, CGD will explore the role will climate financing can have in assisting developing countries adapt to whatever economic order may emerge. How can development partners and international financial institutions best aid developing countries confronting the challenges of climate change? How can the COVID-19 recovery support the changes needed for long-term resilience and sustainability?
Climate change will have profound effects on development, poverty, health, and well-being in coming years. Rejuvenated by the recent Paris agreements, efforts to channel the international funding commitments need channels for cost-effective mitigation. The Green Climate Fund (GCF) represents the best current opportunity to address climate change effectively with international funding. Unlike other institutions, the GCF is relatively new and is still developing its policies and procedures.
Secretary-General Ban Ki-moon is leading a UN initiative to deploy sustainable energy for all. Ahead of the June Rio+20 summit, Nigel Purvis and Abigail Jones highlight what the United States can do to help fulfill his vision.
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.
In this speech delivered to
the UN General Assembly, Nancy Birdsall argues that in the absence of an activist global political
entity to address these issues, global citizens should press their
own governments to adopt policies that address these problems, domestically and internationally.
This paper presents a thorough synthesis of available data to illuminate the current global state of finance for reducing emissions from deforestation and degradation (REDD+). It adds to a growing body of work that seeks to understand the size and composition of finance for REDD+ initiatives, as well as the delivery of climate finance more generally.
Developed countries have promised to mobilize $100 billion per year to help developing countries combat climate change, a commitment that will require substantial capital from private investors. The authors of this working paper propose a public-private green venture fund (GVF) to promote the development and deployment of low-carbon technologies for poor countries.