CLIMATE & DEVELOPMENT FINANCE
Finance is a key enabler of structural transformation, but to achieve this, development finance institutions need to have the commensurate scale and instruments, as well as strong voice and representation for developing economies and their citizens.
The Global Economic Governance Initiative’s workstream on Climate and Development Finance explores the roles of development and climate finance institutions – including multilateral, regional and national development institutions and export credit agencies – in facilitating development, human well-being and environmental sustainability. This workstream conducts rigorous research, engages with policymakers and advances strategic communications towards these goals. A core priority of this workstream is to ensure that international and national financial institutions place development at the heart of their strategies for a low-carbon, climate resilient future.
Research Highlights
Latest News & Publications
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A Roadmap for Unlocking the Potential of Multilateral Development Banks Exists – and the G20 Just Endorsed It
December 09, 2024By Tim Hirschel-Burns and Rishikesh Ram Bhandary A $4 trillion financing gap to achieve the United Nations Sustainable Development Goals (SDGs), 85 percent of which are... [ More ]
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A One United Nations for Achieving the Sustainable Development Goals
November 20, 2024By Kamal Malhotra The United Nations (UN) is arguably the world’s most enduring and all-encompassing “global public good.” In fact, the recent UN Summit for the... [ More ]
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GDP Center Round-Up: 29th United Nations Climate Change Conference (COP29)
November 13, 2024By Tim Hirschel-Burns The 29th United Nations Climate Change Conference (COP29), taking place from November 11-29, 2024 in Baku, Azerbaijan, has been dubbed the “Finance COP”... [ More ]
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Webinar Summary – Climate, Development and International Financial Institutions: Perspectives from the Global South
November 07, 2024By Samantha Igo On Tuesday, October 22, 2024, the Boston University Global Development Policy Center and Global Economy and Development at the Brookings Institution co-hosted a... [ More ]
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Stepping on the Scale: The G20 and Raising MDB Ambition for the 2030 Agenda and Beyond
October 25, 2024By Maureen Heydt The global community is running out of time and falling behind on financing shared climate and development goals, with the United Nations warning... [ More ]
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Energizing MDB Financing Capacity: Identifying and Filling Gaps to Raise Ambition for the 2030 Agenda and Beyond
October 25, 2024 The global community is running out of time and falling behind on financing shared climate and development goals, with the United Nations warning that 85... [ More ]
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GDP Center Round-Up: 2024 International Monetary Fund/World Bank Group Annual Meetings
October 21, 2024By Tim Hirschel-Burns The 2024 International Monetary Fund (IMF)/World Bank Group Annual Meetings will take place from October 21-27 in Washington, D.C. amid severe debt distress, [ More ]
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Weighing the Costs and Benefits: Sustainability Premium for the Early Retirement of Coal Plants with Evidence from Indonesia
October 15, 2024By Bahar C. Erbas, Niccolò Manych, Kevin P. Gallagher and Rishikesh Ram Bhandary Retiring coal-fired power plants (CFPPs) is an effective solution for adhering to the... [ More ]
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Sustainability Premium for the Early Retirement of Coal Plants with Evidence from Indonesia
October 15, 2024For fulfilling climate commitments and attaining net-zero emission goals, there is a global effort to retire coal-fired power plants (CFPPs) early. Given their unique business... [ More ]
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It’s the IMF’s Turn: An Evolution for Development and Climate Change Goals
October 09, 2024By Marilou Uy and Rishikesh Ram Bhandary Policymakers, especially from the Global South, now agree that achieving both climate goals and the United Nations 2030 Sustainable... [ More ]