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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.

 

How Leaders Condemning Trump’s Paris Pullout Can Match Words with Deeds on Climate

Last Thursday President Trump announced he’d withdraw the United States from the Paris climate agreement—a shameful act of self-harm. Condemnation has been swift, widespread, and gratifying. But if dangerous climate change is to be prevented then dissenting statements must be backed up with strong climate policies. Fortunately some countries, states, cities, and businesses are already matching words with deeds on climate. Here’s a rundown.

As Green Climate Fund Considers Results-Based Payments for Forests, Two Lessons from Earlier Initiatives

The Green Climate Fund (GCF) could begin offering results-based payments for protecting and restoring tropical forests as early as July. That’s good news for developing countries, where tropical deforestation can be nearly half of low-cost emission reductions. Yet funding to protect forests remains low and slow, as Frances Seymour and I explain in our book, Why Forests? Why Now? As the GCF moves to enable results-based payments for forests, earlier initiatives offer valuable lessons on two things the GCF should—and can—get right: 1) keep rules simple, and 2) recognize that institutional procedures built for upfront investments may not always be appropriate for results-based payments.

Sometimes the Spotlight is Enough

On June 15 in Oslo, US Secretary of State John Kerry signed a Joint Statement on Deeper Collaboration on Forests and Climate Change with Norway. While we might wish that bolder action from the US government were possible sooner, this moment in the spotlight to move forests higher up on the US government’s agenda is a good first step.

Snakes or Ladders at the Carbon Fund?

After meeting in Paris, the Carbon Fund has provisionally approved the first two REDD+ programs in DRC and Costa Rica. After eight years writing a charter, negotiating a rulebook, and vetting proposals, it was long overdue. Learn about the Carbon Fund approval process in this post.

Opportunity Knocks: Paying for Results at the Green Climate Fund

The Green Climate Fund (GCF) is the newest funding source to address climate change in developing countries. With $10 billion in pledges – and $5 billion committed to mitigation – the GCF is at a critical juncture because its Board is considering the rules and protocols it will follow when it pays for results. We believe the GCF can learn a lot from existing results-based aid agreements and the state of REDD+ finance (summarized in the forthcoming report of a CGD Working Group) which demonstrate the strengths and weaknesses of pay for results approaches.