Ideas to action: independent research for global prosperity
Why Is Climate Finance Such a Mess?
December 01, 2023
The dirty secret of climate finance is that much of it is displacing traditional development aid. Calls for more climate finance are important, but if current practice is any guide, a large share of the funds will be taken from budgets that fund critical development priorities, such as health, educa...
Lagos to Mombasa: Are Energy Access and Climate Mitigation at Odds?
September 13, 2023
Olu Verheijen from the Nigerian government and Vijaya Ramachandran from the Breakthrough Institute join Gyude to discuss the scale and nature of the energy crisis in Africa, the role that renewable energy can (and can't) play in addressing it, and what steps African countries—and partners—can take t...
The World Bank Promises to Revamp Its Climate Finance Tracking. We Have Some Recommendations.
June 28, 2023
On June 14, we published a paper titled “What Counts as Climate?” where we argued that the World Bank has developed a climate portfolio that lacks estimates of greenhouse gas emissions reductions and has no standardized reporting on GHG estimates. Last week, the World Bank sent an email to members o...
New Study: Substantial World Bank Climate Mitigation Funding Spent on Seemingly Unrelated Projects
June 14, 2023
Washington, DC – The World Bank’s climate mitigation portfolio includes several hundred loans that appear to have nothing to do with climate mitigation, according to a new study released today by the Breakthrough Institute and the Center for Global Development.
How Does the World Bank Spend Its Climate Money?
June 14, 2023
Too often, climate finance is treated as a proxy for climate outcomes when it comes to agenda-setting and strategy at the multilateral development banks. Over the last 18 months, the World Bank’s shareholders have led a major reform push that would have the Bank focus more on climate, with the discu...
What Counts as Climate? Preliminary Evidence from the World Bank’s Climate Portfolio
June 14, 2023
We examine the World Bank’s climate portfolio at the project level for the period 2000-2022 and find that financing is skewed towards mitigation projects. These projects lack estimates of greenhouse gas emissions reductions, and there is no standardized reporting on GHG estimates across the portfoli...
CGD in the News
Humanity Is Facing a Great Injustice. The World Bank Must Respond.
March 18, 2023
Do Clients Want the World Bank to Focus on Climate?
February 23, 2023
Last month, the World Bank released an “evolution roadmap” proposing to do more on climate change in low- and middle-income countries. It is a global challenge that will have a disproportionate impact on the world’s poorest countries. But it is also important to listen to the Bank’s clients, especia...
New Study: Low-income Countries Will Only Produce about 1% of Global Emissions by 2035
June 08, 2022