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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. Developing countries will be among those most affected by climate change; yet they are also the least powerful in mitigating climate change. As the world adjusts to a new climate reality, CGD will explore the role will climate financing can have in assisting developing countries adapt to whatever economic order may emerge.How can development partners and international financial institutions best aid developing countries confronting the challenges of climate change?
It’s 2030 and instead of racing toward the brink of climate catastrophe the world has begun to back away. Annual global emissions of heat-trapping gasses have fallen two-thirds—faster than anybody had dared to hope as recently as a dozen years ago—with continued steep reductions ahead.
Why Forests? Why Now? draws upon science, economics, and politics to show that tropical forests are essential for climate stability and sustainable development, that now is the time for action, and that payment-for-performance finance is a course of action with great potential for success.
“This important book sets a sensible and specific way forward. It should be read by all involved in economic development and international action on climate change.”
—Lord Nicholas Stern, author of the Stern Review
In this new book, Bill Cline, a joint senior fellow at CGD and the Peterson Institute for International Economics, provides the first ever estimates of the impact on agriculture by country, with a particular focus on the social and economic implications in China, India, Brazil, and the poor countries of the tropical belt in Africa and Latin America. His study shows that the long-term negative effects on world agriculture will be severe, and that developing countries will suffer first and worst.