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As part of its initiative on Tropical Forests for Climate and Development, the Center for Global Development is producing a book entitled Why Forests? Why Now? The Science, Economics, and Politics of Tropical Forests and Climate Change. Co-authored by senior fellow Frances Seymour and research fellow Jonah Busch, the book will make the case that tropical forests are essential for both climate stability and sustainable development, that now is the time for action on tropical forests, and that payment-for-performance finance for reducing emissions from deforestation and forest degradation (REDD+) represents a course of action with great potential for success.
Why Forests? Why Now? will draw on original research, synthetic reviews, and national case studies supported by commissioned background papers and CGD’s own research. The content will cover the science, economics, and politics of forest conservation and finance to underscore the urgency, affordability, and feasibility of scaling up funding for reducing deforestation, particularly through performance-based approaches.
The Science – deforestation as a source of climate emissions, development benefits provided by intact forests, and advances in forest monitoring technologies;
The Economics – the affordability of mitigating forest-based emissions compared to other options, contributions of forests to developing economies, and what is known about what drives deforestation and how to stop it.
The Politics – the politics of international cooperation to reduce tropical deforestation, with a particular focus on constituencies for performance-based finance in relevant policy arenas at the international level, within selected rich countries, and within forest countries.
The publication of Why Forests? Why Now? is set for December 2016. This research supports the activities of a CGD Working Group to identify practical ways to accelerate performance-based finance for tropical forests.
Click here for a list of all papers in the series.
The international forest and climate communities have placed high hopes on the potential for compliance carbon markets to generate funding to reduce tropical deforestation through international forest offsets. At a meeting last week in San Francisco on “Navigating the American Carbon World” (NACW) it seemed as if these hopes are likely to be dashed. Or at least not realized in time to save the vast tropical forests in time for them to play a significant role in combatting dangerous climate change.
The Green Climate Fund (GCF) could begin offering results-based payments for protecting and restoring tropical forests as early as July. That’s good news for developing countries, where tropical deforestation can be nearly half of low-cost emission reductions. Yet funding to protect forests remains low and slow, as Frances Seymour and I explain in our book, Why Forests? Why Now? As the GCF moves to enable results-based payments for forests, earlier initiatives offer valuable lessons on two things the GCF should—and can—get right: 1) keep rules simple, and 2) recognize that institutional procedures built for upfront investments may not always be appropriate for results-based payments.
Protecting and restoring tropical forests represents one of the biggest, cheapest, and fastest ways to fight climate change, as Frances Seymour and I show in our book, Why Forests? Why Now? Yet climate conversations in rich countries remain heavily dominated by energy, while tropical forests often feel like climate’s best kept secret. On the International Day of Forests, here are five ways to make tropical forests a better known climate solution.
Tropical forests are an undervalued asset in meeting the greatest global challenges of our time—averting climate change and promoting sustainable development. Despite their importance, tropical forests and their ecosystems are being destroyed at a high and even increasing rate in most forest-rich countries. The good news is that the science, economics, and politics are aligned to support a major international effort to reverse tropical deforestation.
Unilever is the world’s single largest end-user of palm oil, purchasing nearly 3 percent of global palm oil production. Whilst we can not do everything alone , with this scale comes responsibility—to make sure that our supply chains are not driving tropical deforestation, and to tackle endemic social issues such as forced labour and the protection of indigenous people.
The world’s elite—plus a few ringers like me—gathered last week in the small Swiss village of Davos to discuss the state of the world at the 2017 Annual Meeting of the World Economic Forum (WEF). Although not formally on the agenda, the issue of tropical forests infiltrated a number of discussions. But first, a quick recap of the meeting’s big themes that provided the broader context.