For the second year in a row, the China-Latin America Finance Database, jointly managed by the Boston University Global Development Policy Center and the Inter-American Dialogue, recorded no new overseas finance commitments from China to Latin American governments or state-owned enterprises (SOEs) in 2021 through its two most active policy banks, the China Development Bank […]
Staring down the most crucial decade for climate action, world leaders are putting ambitious climate pledges on the table, and next week’s UN Intergovernmental Panel on Climate Change (IPCC) report promises to serve as an updated blueprint for reducing emissions. Swift, bold climate action is necessary, but climate policies that aren’t designed properly could have […]
In 2021, Latin America and the Caribbean (LAC) continued to face challenges stemming from the COVID-19 pandemic and resulting economic strains. After a 7 percent contraction in 2020, the region’s GDP growth rebounded to 6.2 percent in 2021, according to a recent projection from the Economic Commission for Latin America and the Caribbean. This was […]
Climate change policies that occur in one nation can have significant macro-critical implications in other countries, but to date, there has been limited attention to transition spillover risks in the world economy. A new policy brief from the Task Force on Climate, Development and the International Monetary Fund seeks to address this knowledge gap. It […]
In Southeast Asia, several countries are already exposed to socio-economic and financial losses induced by physical climate risk. Some Southeast Asian countries exposed to physical risk, such as Indonesia, are also leading producers and exporters of fossil fuels. This compounds the country’s climate impacts by exposing them transition risk, or a situation in which climate […]
By Vidhu Priya Mukundan From March 14-25, the Commission on the Status of Women is conducting its 66th session (CSW66), where member states, civil society organizations and United Nations entities discuss the most pressing matters of gender inequality in the context of the climate crisis. Established by the UN Economic and Social Council (ECOSOC) in […]
By Yaechan Lee On Thursday, March 17, 2022, the Boston University Global Development Policy Center hosted Professor Jeff Colgan, Associate Professor of Political Science at Brown University and Director of the Climate Solutions Lab at the Watson Institute of Public and International Affairs, to discuss his new book, ‘Partial Hegemony: Oil Politics and International Order’, […]
In 2021, three imbalances laden with consequences have become apparent: COVID-19 vaccines have remained concentrated in advanced economies, the recovery has exacerbated many inequalities and the climate crisis has not been met with a global plan, leaving most developing countries on the frontline of a battle they cannot win. South Africa epitomizes this triple crisis. […]
By Xia Li Facilities across the globe are facing climate change exposure or physical climate risks, such as sea-level rise, heat stress, wildfire and floods. In 2021, floods in Germany and China disrupted the global shipping industry. Heat stress caused substantial labor productivity loss in countries like Australia, while rising sea levels affected infrastructure investments […]
Physical climate risks, defined as risks arising from the physical effects of climate change, increasingly affect facilities worldwide across industries including foreign assets, or foreign direct investment (FDI). Despite the increasing impact of physical climate risks on firms and facilities globally, little is known about how multinational companies incorporate such risks into their overseas investment […]