Tag: Environment


New Approach to Managing Environmental and Social Risks in World Bank Programs

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On Thursday, August 4, the World Bank’s Board of Executive Directors approved a new “Environmental and Social Framework” for bank-financed investment projects. While the new policy framework has cleared the hurdle of Board approval, many questions remain. Will the new framework succeed? Will it enhance country capability and commitment to managing environmental and social risks? And will it reduce the bureaucratic hassles associated with bank lending and bolster demand?

Doing More than Safeguarding the Safeguards at the World Bank

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Depending on who you listen to, the World Bank has either just launched an unprecedented reach into the domestic political affairs of sovereign nations, or it has gutted the rules that have helped define its essential character as a global norm-setter. Both can’t be right, and most likely, neither is. To better understand the objectives of the bank's newly adopted “safeguards” regime, and why I’m somewhat encouraged by it, it’s worth looking more closely at the arguments of critics on both sides.

The Future of Forests – Podcast with Jonah Busch

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Unless the world acts to reduce deforestation, an area the size of India will be cleared by 2050. That is the stark finding of a new CGD paper by Jonah Busch and Jens Engleman. The amount of carbon dioxide emitted by that level of destruction is equivalent to “running 44,000 American coal-fired power plants for a year,” says Busch in this CGD Podcast. 

A Preacher’s Daughter Reads the Pope’s Encyclical

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In 1989, I was asked to give the “Earth Day” sermon at the Jakarta Community Church.  While there are more than 25 years and an infinite distance between Frances’ sermon and Francis’ encyclical, I was curious to see what the Pope would do with a similar assignment.

Pope Francis: Climate Change Hurts the Poor Most

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Pope Francis has firmly pronounced that climate change is a threat to the world’s poor in a long-awaited encyclical released on Thursday.  The Pope is the religious leader of more than one billion Catholics, more than half of whom live in the developing world. But he has addressed the encyclical to “every person who lives on this planet,” Catholic and non-Catholic alike.

The G-7 Commits to Decarbonization

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The G-7 committed on Monday to “decarbonization of the global economy over the course of this century.” The goal of decarbonization—powering the economy without emitting greenhouse gases—has ascended with dizzying velocity from a plea by activists to acceptance at the highest levels of government. 

Defying the Resource Curse

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If you won the lottery tomorrow, what would you do with the money? Whatever difficulty you have in arriving at an answer, imagine the dilemma an entire nation might face. Several countries have struck gold and squandered it. In this podcast, Todd Moss explains how countries can make the best use of their natural resource revenues: by giving it to the people. By providing a portion of natural resource revenue to citizens, countries can build a tax base and strengthen the pact between citizens and their governments.