The fact is $100 billion a year is woefully insufficient to cover the cost of climate change adaptation, let alone financing clean energy transitions across the developing world. The adaptation price tag alone could reach $300 billion a year by 2030. According to the IEA, the cost of financing clean energy transitions could exceed $1 trillion a year by the end of the decade. These are big numbers. But they are achievable.
CGD Policy Blogs
Next week the UN will publish its global humanitarian overview (GHO) for 2022: the world’s most comprehensive, authoritative, and evidence-based assessment of need. The GHO has sustained a good track record in recent years in predicting what is ahead, albeit that every year unexpected new challenges also arise. (This year’s catalogue of unwelcome surprises included the impact of the coup in Myanmar, the famine in northern Ethiopia, and the escalation in humanitarian problems in Afghanistan since the Taliban takeover. Last year, of course, saw the start of the COVID-19 pandemic).
Despite criticism of the “Billions to Trillions” action plan, we know that catalyzing much larger volumes of private finance for investments related to the Sustainable Development Goals (SDGs) remains the only viable avenue for achieving the scale needed in developing countries, given very real constraints on fiscal space and on growth in foreign aid.
CGD's Masood Ahmed speaks with Sida's Carin Jämtin and MCC's Alexia Latortue about their takeaways from the 2021 Development Leaders Conference, including the tensions between national and global challenges, how development agency leaders can address them, and what these decisions might mean for agency mandates going forward.
One of my overwhelming preoccupations over the last 10 years as a chief executive of international aid organisations, first as permanent secretary of the UK’s Department for International Development and then as head of the UN’s humanitarian affairs, has been that there was never enough money, even when budgets were growing.
How do parents of young children get anything done? Even in a two-parent household, the nursery/home-with-fever cycle is relentless (and, in the case of our little one, a little too heavy on the home-with-fever side of the cycle for my liking). Anyway, by my count I’ve got a few hours before I’m struck down by whatever bug my little petri dish is currently incubating, just in time for the weekend. Let’s hope I finish the links before it hits. Even more necessary, because the last link features a grown man (yes, me) screaming like a small excited child at the prospect of the new Spiderman movie, and a superhero who is a Bollywood star (rather than a Bollywood knock-off of a superhero) prompting a lot of Bollywood clips.
Kenya has hosted one of the largest refugee populations for decades and should be commended for this. But refugees in Kenya still face long-standing barriers to economic inclusion, and the COVID-19 pandemic has only exacerbated these challenges. These barriers, largely stemming from current government policies, limit refugees’ right to work, the right to move freely, and the freedom to access financial services.
Optimism and Advice for Advancing USAID’s Vision for Locally-led Development: A Conversation With Randy Tift
I sat down with Randy Tift who, between 2017 and 2021, co-led USAID’s Effective Partnering and Procurement Reform (EPPR) process and launched the New Partnerships Initiative (NPI), under the leadership of then-USAID Administrator Mark Green. Randy is currently a Senior Associate at Oxford House. He’s also working on an in-depth paper on the past and future of USAID’s reform agenda, which CGD will publish in early 2022. Randy is optimistic about what he sees taking shape at the agency and has some ideas for how to advance Power’s vision.
Africa’s youth population is expected to hit one billion this year, and African countries are not on track to produce enough jobs. Dawit Dame of Ethiopia’s Jobs Creation Commission and Edwin Righa of the International Organization for Migration join Gyude to discuss how African countries can prepare for and enhance labor migration abroad.
In a new report, we rely on public reporting from multilateral development institutions and funds to provide a clearer picture of China’s participation across the multilateral development system. We find that China has staked out a uniquely important position, one that relies on leading roles as a shareholder, donor, client, and commercial partner. No other country wears so many hats so effectively across these global institutions.