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.
Bitcoin has failed to live up to the hype that it would democratize finance by enabling cheap, instantaneous, and secure payments that could be conducted without having to rely on stodgy old financial institutions like banks and credit card companies. And the Bitcoin network’s spiraling energy needs are truly staggering when compared to other potential uses.
Providing reliable electricity is complex and expensive: large power plants can be billion-dollar investments. As a result, a growing number of cash-strapped developing countries are signing power purchase agreements with electricity providers to shift investment costs to the private sector.
The US International Development Finance Corporation (DFC) is considering a changeto its current ban on financing projects with a nuclear reactor, a relic holdover policy from its predecessor agency OPIC.
For the past 18 months, CGD has incubated the Energy for Growth Hub, a new initiative dedicated to the idea that energy should be an enabler, not a barrier, to human potential. The Hub is now ready to fly on its own.
Mobile phones provide a useful insight for energy: not that you can leapfrog a modern power system, but that most energy use happens out of sight. In fact, less than 1% of the energy needed for a smartphone is used by the phone.
While energy advocates have mostly focused on the 600 million people in sub-Saharan Africa that lack access to electricity at home, the region’s power shortages are especially damaging to firms. Companies across the continent suffer from unreliable power supplies, affecting productivity, employment, and growth.
Eighteen months ago, we blogged here about Kenya’s superfast electricity connection rate. The country had grown from 27 percent to 55 percent access in just three years, putting themselves on a fast-track toward near universal access by 2020. While this lightning progress was exciting, new research suggests that aggressive expansion may come with downsides, too.