CGD in the News

Global Goals Can Deliver On 2C And New Development Finance – Here's How (The Guardian)

September 24, 2015

From the article:  What if there were an affordable programme to prevent catastrophic climate change and provide the finance that developing countries need to end poverty by 2030? With summits this week on the sustainable development goals and in December on climate change, this year marks the most significant push on the world’s biggest challenges since 2005, the year of the G8 meeting at Gleneagles and the UN world summit.

It’s sobering to compare then with now. A decade ago, big ideas were on the table: timetables for donors to reach 0.7% of national income on overseas development assistance (ODA); cancellation of all debt to the World Bank and IMF; a development trade round. Today, by contrast, it’s like watching tumbleweed roll across the desert. The Addis Ababa finance for development summit agreed on next to nothing to deliver the SDGs; tomorrow’s gathering in New York is unlikely to do much better. On climate, meanwhile, no one (including Christiana Figueres, the head of the UN Framework Convention on Climate Change) believes a 2C deal is in prospect.

But what if there were a big idea that could achieve both?

Read full article here