With rigorous economic research and practical policy solutions, we focus on the issues and institutions that are critical to global development. Explore our core themes and topics to learn more about our work.
In timely and incisive analysis, our experts parse the latest development news and devise practical solutions to new and emerging challenges. Our events convene the top thinkers and doers in global development.
Climate change and development are closely intertwined. Poor people in developing countries will feel the impacts first and worst (and already are) because of vulnerable geography and lesser ability to cope with damage from severe weather and rising sea levels. In short, climate change will be awful for everyone but catastrophic for the poor.
Preventing dangerous climate change is critical for promoting global development. And saving tropical forests is essential to doing both. Frances Seymour and Jonah Busch's new book, Why Forests? Why Now?, illustrates how today—more than ever—saving forests is more feasible, affordable, and urgent.
Historically, the responsibility for climate change, though, rested with the rich countries that emitted greenhouse gases unimpeded from the Industrial Revolution on — and become rich by doing so. Now, some of the most quickly developing countries have become major emitter themselves just as all countries are compelled by the common good to reduce greenhouse gas emissions. A major challenge of reaching a global deal on climate change was to find a way for poor countries to continue developing under the planetary carbon limits that rich countries have already pushed too far. That will involve scaling up finance to deploy clean technologies, to adapt to the effects of climate change, and to compensate countries that provide the global public good of reducing emissions, especially by reducing tropical deforestation.
CGD’s research and policy engagement on climate and development has had two aims: to strengthen the intellectual foundation for a viable international accord to come out of the COP 21 in Paris and to provide data, research, and analysis that policymakers and others can act upon even in the absence of an international agreement.
Just ahead of the annual World Bank/IMF spring meetings, the Bank’s new CEO, Kristalina Georgieva, spoke with me about a new way of thinking at the 72-year-old institution. The Bank has renewed ambition, she told me, to be a catalyst for massive transformative investment in development. She went on to lay out how the Bank plans to do that in this edition of the CGD Podcast.