On June 27, 2023, CGD senior fellow Charles Kenny submitted evidence to the UK International Development Committee inquiry on “Investment for Development: the UK’s strategy towards development finance institutions and the effectiveness of aid spending through British International Investment (BII).”

High-income countries trying to reach net-zero targets are confronting the fact that existing environmental regulations make it harder to build low-carbon infrastructure. Lobbying groups in the US, for example, are using regulatory tools to block geothermal, solar, and wind facilities. Providing sub...

We develop scenarios for the shape of the global economy in 2050 building on a simple regression of the historic relationship between current income and lagged income, demographic features, climate, and education, using the coefficients to develop a “central” forecast and error terms to set high and...

Globally, we are making fewer potential innovators. To extend our two-century era of comparatively rapid progress, we need radically reduced discrimination in the global opportunity to innovate.

Climate change is a worldwide and potentially centuries-long event, but it is precipitating thousands of local and short-term crises that demand response. That means it is urgent to move away from thinking about climate change as “distant and unimportant” or “distant and universally existential” tow...

There is considerable interest in increasing private participation in infrastructure to meet the twin goals of climate mitigation and development in low- and middle-income countries. At the same time, this infrastructure needs to make returns in order to be financially sustainable.

Global reserves can serve as a global public good, facilitating the short-term global recovery from the economic impacts of the pandemic and Russian invasion of Ukraine, as well as the longer-term global transition to a sustainable and equitable economic future. Strategic allocation of Special Drawi...