Many developing countries have sought international assistance to implement climate change-related programs and projects. Estimates suggest that emerging market and developing economies will need to mobilize an annual $2.4 trillion by 2030 toward climate goals. International climate finance is a crucial component of the response to climate change. In a new journal article published in […]
By Niccolò Manych In the past, coal has been a pivotal driver of electrification and economic development. However, the social costs of coal-fired power plants—in terms of air pollution, public health and climate change—now outweigh the benefits and a rapid phase-down is required to adhere to the temperature limits set by the Paris Agreement. Consequently, […]
While Asia continues to grow, South America remains stagnant. There are multiple reasons for this, but one major obstacle is the lack of investment in infrastructure. Development bank support for infrastructure investments in South America could unlock unlimited growth and development opportunities for the region, the benefits of which would far exceed the initial costs. […]
Many governments have committed to stop building new coal-fired power plants both domestically and abroad, but the greatest emissions reductions would be achieved through the early and permanent retirement of coal units. While many development finance institutions (DFIs) have pledged to halt public finance into new coal-based electricity generation, decarbonization of existing coal plants is […]
By Mridhu Khanna On Tuesday, February 27, the Boston University Global Development Policy Center (GDP Center) hosted Ashoka Mody, Boston University alum and Charles and Marie Robertson Visiting Professor in International Economic Policy at Princeton University, for the first event of the Spring 2024 Global Economic Governance Book Talk series. In discussion with Neva Goodwin, […]
By Tim Hirschel-Burns On Wednesday, February 28, the Boston University Global Development Policy Center (GDP Center) and Centre for Policy Dialogue co-hosted an event at the International Institute for Sustainable Development’s Trade and Sustainability Hub, which took place alongside the 13th World Trade Organization (WTO) Ministerial Conference in Abu Dhabi, United Arab Emirates. Rachel Thrasher, […]
Editor’s Note: Below is an excerpt of testimony submitted by Sandra Polaski to the United States of Representatives Committee on Ways and Means Subcommittee on Trade in May 2019 regarding the US-Mexico-Canada Trade Agreement. Official estimates of the impact of the US-Mexico-Canada Trade Agreement (USMCA) on US employment and wages suggest that there will be […]
In the aftermath of World War II, the meeting at Bretton Woods led to the creation of multilateral institutions with the purpose of promoting international economic cooperation. The World Bank and the International Monetary Fund (IMF) were part of this effort. As the global financial system changed, the IMF and the World Bank adapted to […]
By Rachel Thrasher From February 26-29 in Abu Dhabi, United Arab Emirates, member states of the World Trade Organization (WTO) will meet for the 13th Ministerial Conference (MC13). Like many international institutions, the WTO faces the challenge of meeting its original mandate amid multiple global crises, and MC13 presents a vital opportunity for trade ministers […]
Despite the fact that the climate crisis requires great international collaboration and coordination when it comes to policymaking for mitigating emissions, the most recent report from the United Nations Intergovernmental Panel on Climate Change (IPCC) demonstrates conclusively that country leaders have not taken nearly enough action. The obstacles to climate action are myriad – political, […]