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The effects of climate change are already being seen throughout the world, and it is clear that a fundamental change in the world’s economy will be needed if the planet is to survive. Lower income countries will be among those most affected by climate change; yet they have contributed least to global emissions, with the poorest 52 countries, home to 1.4bn people contributing less than 2% of global emissions.
As the world adjusts to a new climate reality, CGD experts are exploring the role climate finance and wider economic policy can have in assisting developing countries to adapt to whatever economic order may emerge. How can higher income countries and international financial institutions best support developing countries confronting the challenges of climate change? How can the COVID-19 recovery support the changes needed for long-term resilience and sustainability?