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Climate Change
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.
- Jonah Busch: High Marks for the Paris Climate Agreement; Let Countries Trade Carbon
- Frances Seymour: Forests in the Paris Agreement — Plus Prizes, Protests, and All-Male Panels; Royal Jelly and “GNUs”: Postcards from the Paris Climate Summit
- Michele de Nevers: Financing for Adaptation to Climate Change: Ensuring the Most Vulnerable Are Covered
- Look to the Forests: How Performance Payments Can Slow Climate Change (report)
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.
Highlights
Graphics: Climate Change and Development in Three Charts
Initiative: Tropical Forests for Climate and Development
Book: Greenprint: A New Approach to Cooperation on Climate Change
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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.
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In this speech delivered to the UN General Assembly, Nancy Birdsall argues that in the absence of an activist global political entity to address these issues, global citizens should press their own governments to adopt policies that address these problems, domestically and internationally.
This paper presents a thorough synthesis of available data to illuminate the current global state of finance for reducing emissions from deforestation and degradation (REDD+). It adds to a growing body of work that seeks to understand the size and composition of finance for REDD+ initiatives, as well as the delivery of climate finance more generally.
India just did something big for the climate: it announced that it will allocate $6 billion a year in tax revenue in a way that will encourage forest conservation. That’s more results-based finance for forest conservation than any other country in the world, including the current biggest spender Norway.
Developed countries have promised to mobilize $100 billion per year to help developing countries combat climate change, a commitment that will require substantial capital from private investors. The authors of this working paper propose a public-private green venture fund (GVF) to promote the development and deployment of low-carbon technologies for poor countries.
This essay explains how Deliberative Polling works and offers examples of how it has led to unexpected policy successes. It then suggests ways in which the approach could be applied nationally, beginning in the United States, to raise the quality of public debate about climate change, opening the way for independent but possibly coordinated national responses. The brief is designed for potential funders, sponsoring organizations, and partners of various types who are seeking fresh strategies for breaking the political impasse that has so far prevented effective policy responses to reduce the risk of climate runaway disruptions.
This paper describes the creation of a database providing estimated greenhouse gas (GHG) footprints for 6 million U.S. households over the period 2008-2012.
In 2010, Norway and Indonesia signed a US$1 billion performance agreement to reduce greenhouse gas emission from deforestation. The experience holds lessons for international cooperation in addressing climate change and other global challenges.
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