Ideas to Action:

Independent research for global prosperity

Views from the Center

CGD experts offer ideas and analysis to improve international development policy. Also check out our Global Health blog and US Development Policy blog.

 

Stacks of coins overlaid over clouds with plants growing out of them

Bad versus Better Ways to Leverage Private Investment in the Global Fight for 1.5 Degrees

While hopes for mobilizing private finance for climate response were boosted by the investment firms managing a collective $130 trillion who signed onto net zero pledges at the COP, actually getting the private trillions to move south remains a huge challenge. And two leading proposals point to the risks of missing the mark, one by misdirecting support and the other by failing to achieve adequate scale.

A worker stands next to the heliostats at the Cerro Dominador solar power plant in Chile

For Richer Countries, Climate Mitigation Should Begin at Home

The world’s poorest countries—those classified as low- and lower-middle-income—contribute just one seventh of global emissions despite being home to half of the global population. A just solution to these countries’ dual challenges of climate change and development should be a central concern of the COP, and political realities suggest the best thing richer countries could do in that regard is develop cost-competitive low carbon technologies as a byproduct of speeding their own path to decarbonization.

An image of a US dollar bill.

Diplomacy is Good, But the D in DFC is for Development

The US International Development Finance Corporation (DFC) has been operating for less than two years, and already some lawmakers are keen to expand its mandate. On the one hand, it’s good to see such appreciation for the tools of development finance. On the other, we share deep misgivings about proposals that would authorize—and even encourage—DFC investment in upper-middle-income and high-income countries absent a strong developmental objective or justification.

A stethoscope on a pile of cash

Governing New Pandemic Preparedness Financing – What’s Needed for Credibility, Legitimacy, and Effectiveness

Regardless of the institutional home and scope, there are four essential attributes to build into the financial intermediary fund (FIF)’s design, drawing on lessons learned from existing global funding entities and the broader global governance community. While these elements are intuitive in theory, they require deliberate design and commitment to ensure that they are integrated effectively into the ultimate FIF.

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