Tag: Finance

 

Are the US and G-20 Finally Leading on Climate?

Update November 17: As expected, the United States and Japan announced their pledges of $3 billion and $1.5 billion, respectively, to the Green Climate Fund at the G-20 summit in Australia.  The United Kingdom is set to announce a £650 million ($1 billion pledge) in Berlin later this week and Canada said it will contribute, although it did not announce how much. Together with pledges from 11 other countries, total pledges amount to $7.5 billion, getting close to the $10 billion target for beginning operations of the Green Climate Fund. Pledges are also expected from Australia (despite the step-back from climate action by the new government), Italy, Norway, and Spain. The agreement reached by the Green Climate Fund board a few weeks ago, which approved a logical framework for REDD+, may spur Norway to pledge given it lays the groundwork for GCF support to forests.

 

Emerging Markets Slowdown: Global and Domestic Economic Policy Challenges

Toward the end of the 2008 global economic crisis, the consensus was that developed economies would recover just as quickly as they did in past recessions. It was also expected that emerging market economies would continue acting as the world growth locomotive for a relatively long time. Until mid-2011, this perspective appeared to be in the process of materializing. By now, however, this scenario differs significantly from reality.

How the United States Can Lose Influence in Asia in 4 Easy Steps

Step One

Unilaterally seek to push Asia’s largest economy out of the Asian Development Bank’s club of borrowers. Never mind that China’s “graduation” from the ADB would weaken the institution financially and sever an important channel of influence and dialogue with Chinese officials.

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