With rigorous economic research and practical policy solutions, we focus on the issues and institutions that are critical to global development. Explore our core themes and topics to learn more about our work.
In timely and incisive analysis, our experts parse the latest development news and devise practical solutions to new and emerging challenges. Our events convene the top thinkers and doers in global development.
U.S. Climate Action Symposium: A Global Economic Perspective
March 3, 2009
Capitol Hill, Washington, D.C.
Former UK Prime Minister, Tony Blair, and Secretary of State Hillary Clinton’s climate envoy, Todd Stern were among the high-level participants at the March 3rd symposium, ‘U.S. Climate Change Action: A Global Economic Perspective,' meeting with U.S. legislators, business leaders, and academics on Capitol Hill to discuss the challenges and opportunities for U.S. leadership on climate change.
The one-day bipartisan event was co-sponsored by Senators Jeff Bingaman (D-NM), John McCain (R-AZ), Olympia Snowe (R-ME) and Debbie Stabenow (D-MI). The event was organized by three leading Washington think tanks: the Center for Global Development (CGD), the Peterson Institute for International Economics, and the World Resources Institute (WRI), together with the Grantham Research Institute on Climate Change and the Environment at London School of Economics and Political Science (LSE), which is chaired by the economist, Nicholas Stern, author of the highly influential report ‘The Economics of Climate Change: The Stern Review’ in 2006.
The symposium opened with a high-level morning discussion about how to advance U.S. climate policy in light of the global economic context and the upcoming climate change negotiations in December 2009. Participants in the morning session included over a dozen members of Congress, state governors, CEOs, distinguished economists, and international climate policy leaders. The conversation was followed by a press conference to discuss the themes and key outcomes of the discussion.
The symposium continued in the afternoon with several presentations on key aspects of the climate change debate, including the costs of inaction, managing the costs of climate policy, pursuing the opportunities of a low-carbon economy, and reaching a global solution. State Department envoy Todd Stern provided the luncheon keynote address, following opening remarks by CGD president Nancy Birdsall and other co-sponsor partners. National Journal’s Margaret Kriz moderated the afternoon panel discussions.
Later in the week on March 5th, CGD senior fellow David Wheeler participated in a coordinated side event panel discussion, The Challenge of Development in a More Hostile Climate, to discuss the specific role of multilateral development banks in supporting sustainable low-carbon development.