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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?
The April 5, 2007 Intergovernmental Panel on Climate Change (IPCC) report predicts that droughts and floods will become more frequent and severe as a result of global warming. In this CGD Note senior fellow David Wheeler shows that citizens of poor countries are much more likely than citizens in rich countries to suffer homelessness, injury and death from flood. He urges the international community to help low-income countries develop stronger protective institutions, greater resources for flood protection, and affordable insurance.
**This post is co-authored with CGD senior fellow David Wheeler
Today's Washington Post column by David Ignatius finally inches popular understanding in the U.S. a bit further in the right direction on why climate change could be so costly to human society. It isn't just the direct costs of seawalls and more destructive hurricanes that climate change will bring. It's the risk that institutional arrangements to deal with those costs will not be resilient and will collapse under the resulting pressure--so that, as Chinua Achebe suggested about post-colonial West Africa, things do literally "fall apart".
This is a joint posting with Joel Meister
Recent announcements of climate-related transition teams and agency director appointments have provided a wealth of information about the prospects for action on climate change by the Obama White House. Bolstered by changes in the leadership of a crucial House committee, the energy and climate change agenda is likely to be a top legislative priority for the new administration. These changes also suggest that climate policies will affect the strategy for economic recovery, as well as a reorientation of US foreign assistance toward climate-sensitive policies that will yield significant benefits for poor people in developing countries.