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Blog Post
October 29, 2024
After taking office amid COVID-19 and increasingly urgent alarms about the threat of climate change, Treasury Secretary Janet Yellen started making the case for MDB reform underscoring that these institutions, while vital, were no longer fit for purpose. Her priority was to support the evolution of...
Blog Post
October 29, 2024
China's financial contributions to tackling climate change in developing countries may be far greater than previously thought. Exploring how China’s recent contributions compare with the US in scale and composition, we find that, after including both countries’ contributions to multilateral organisa...
CGD NOTES
October 28, 2024
A major shortcoming of the $100 billion climate finance goal agreed in 2009 was the absence of a clear baseline. With draft negotiating text for a new climate finance goal now available, we set out some relevant starting measures and amounts to inform the negotiations going into COP29 and make recom...
CGD NOTES
October 18, 2024
The IMF’s Resilience and Sustainability Facility (RSF) is now two years old. Demand for new RSF programs appears to be declining despite the significant climate finance needs in many lower- and middle-income countries. To enhance the RSF’s appeal, we propose three recalibrations to program design.
Blog Post
October 17, 2024
Discussions on climate change and development typically rely on three stylized facts—developing countries are most hurt by climate change; developed countries are most responsible historically; but developing countries are now the biggest emitters. This narrative is central to UNFCCC climate negotia...
Multimedia
October 16, 2024
The multilateral concessional finance system is at a crossroads, with a heavy reliance on a small group of donors facing difficult budgetary environments, an ever-more fragmented group of funds, and the collision of at least four major funds asking for nearly $50 billion over the next six months.
BRIEFS
October 08, 2024
There is a major under-supply of financing for climate adaptation. This under-supply is expected to continue, and to grow. The 2009 commitment made by high-income countries to provide US$100 billion per year in climate finance was only achieved in 2022, two years late, with only US$32.4 billion (28 ...