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Blog Post
June 03, 2024
It is time for an update to the $100 billion climate finance goal that was agreed to in 2009 as part of the United Nations Framework Convention on Climate Change process. In April, Cartagena hosted the first meeting under the ad hoc work programme on the new collective quantified goal on climate fin...
Blog Post
May 31, 2024
The latest round of UNFCCC climate negotiations begins next week in Bonn. Climate finance—and in particular who should pay—remains a hotly contested topic as negotiators strive to make progress on the New Collective Quantified Goal (to replace the current $100 billion target) by COP29 in November 20...
Blog Post
May 23, 2024
In this blog we summarise our new analysis, in which we estimate with a high level of confidence that over $100bn of climate finance was indeed provided in 2022. In our central estimate, we project $106.8bn of climate finance was provided, meeting the goal in the OECD’s interpretation. We also consi...
CGD NOTES
May 23, 2024
Developed countries committed to provide or mobilise $100 billion (bn) per year in climate finance by 2020. Although that goal was missed, the OECD suggested last year that it was likely that the goal had been met in 2022. In this note, we use newly available bilateral and multilateral finance data ...
Blog Post
May 16, 2024
Development agencies are spending unprecedented levels of development finance on climate-related objectives—but how much impact is that finance having? As negotiations towards a new climate finance target progress at the UN, we hope to add to the number of voices urging that the new goal encompasses...
Blog Post
May 16, 2024
Development cooperation has reached a crossroads. Humanitarian needs are rapidly increasing as violent conflicts erupt and continue, and geopolitical rivalry is contributing to a more fragmented development landscape. Difficult economic conditions in many of the poorest countries are paired with shr...
Blog Post
May 14, 2024
Richer aging countries need educated young workers to provide the services and entrepreneurial talent to sustain their quality of life. A growing population of young, increasingly educated people in poorer countries, and especially in Africa, need good jobs and greater opportunities. More trade in s...
Blog Post
May 10, 2024
While there was no great fanfare coming out of the IMF/World Bank Spring Meetings, a closer look at the official statements reveals simmering tensions between major constituencies over the execution of the World Bank’s new “Livable Planet” agenda. These tensions were fueled by debates over the alloc...
Blog Post
April 02, 2024
On July 9 and 10, the World Bank and the Center for Global Development will co-host the Annual Bank Conference on Development Economics (ABCDE). On the first day, the conference will aim to bring coherence to development policy debates by bringing together the world’s top economic minds to focus on ...