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Blog Post
November 28, 2024
It almost didn’t happen, but at the eleventh hour, negotiators at COP29 in Baku were able to finalise an agreement that wealthy countries would provide at least $300 billion annually to developing countries by 2035. On the face of it, a tripling of the previous $100 billion goal sounds impressive. A...
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...
Blog Post
October 07, 2024
The International Monetary Fund and the World Bank were created to assist members facing financial crises, but are they ready to respond to Africa’s looming oil shock? The short answer is no, but as we explain in a new paper, the IMF and World Bank can act now to avert a future crisis.
POLICY PAPERS
October 07, 2024
The decision to end the use of fossil fuels for energy production by 2050 will have major implications for global trade and investment flows. This paper examines the likely effects of the permanent collapse in demand for oil on three large and systemically significant African countries that are vita...
BRIEFS
September 24, 2024
The EU’s Carbon Border Adjustment Mechanism (CBAM) is a critical tool, both for gaining the support of domestic voters and stakeholders for carbon pricing; and in incentivizing other major economies—including the US, China, and India—to accelerate their plans to tackle carbon in industry. Already, t...
Blog Post
July 09, 2024
Compared to efforts to agree to an overall carbon pricing mechanism or to binding targets on emissions, sectoral approaches to global binding agreements around greenhouse gasses have made considerably more progress. The Montreal Protocol and a series of follow-on agreements have considerably reduced...
Blog Post
May 01, 2024
At the core of African food insecurity are the continent’s notoriously low crop yields—the amount of produce farmers harvest relative to the area of land they farm. And one of the main reasons for low yield compared to other regions is that African countries, on average, use far less fertilizer to b...