By Mengdi Yue As climate, biodiversity and pollution crises intensify, the call for green transformation has become universal. Yet while the urgency is clear, how countries cooperate to achieve it is still evolving. Understanding the how is becoming essential as countries search for practical decarbonization pathways. A new special policy study published by the China […]
By Amanda Brown and Samantha Igo The 27th United Nations Climate Change Conference (COP27) is underway in Sharm El-Sheikh, Egypt from November 6-18, bringing together policymakers, climate activists, researchers, civil society representatives and more to deliver action on climate change. From reducing greenhouse gas emissions to supporting climate action in developing countries, the conference will […]
By Amanda Brown The international system is at a crossroads, facing increasingly global challenges and struggling to meet the needs of all countries amid rising levels of unsustainable debt and climate disasters. Against this backdrop, the IMF and World Bank kick off their Annual Meetings in Washington, D.C. from October 10-16, 2022. As these institutions […]
The Vulnerable Twenty (V20) Group of Finance Ministers, a dedicated initiative of 55 climate vulnerable economies, is at the epicenter of looming debt and climate crises which are threatening their ability to build resilient and low-carbon economies. When scarce public finances are mostly spent on debt service rather than on investments to build a more resilient […]
By Rebecca Ray On Thursday, January 13, the Boston University Global Development Policy (GDP) Center and the Organisation for Economic Cooperation and Development (OECD) Development Centre hosted a webinar discussion on the potential for using debt-for-climate swaps as an innovative solution to the twin crises of climate change and debt distress. The discussion consisted of […]
By Maureen Heydt From October 11-15, 2021, China will host the first phase of the 15th Convention on Biological Diversity, Conference of the Parties (CBD COP15), a major global summit on biodiversity. Signed by 150 government leaders and entered into force on December 29, 1993, the Convention on Biological Diversity is dedicated to promoting sustainable […]
By: Paula Torrez-Ortiz The Global Economic Governance Initiative (GEGI) within the Boston University Global Development Policy Center works to advance policy-relevant research on international financial, trade and development institutions that play a leading role in global economic governance. As part of this work, the GEGI research team has released four interactive research projects that serve […]
A debt crisis is looming in the Global South, compounded by the threat of climate change. World leaders such as Kristalina Georgieva, David Malpass, the Biden administration and 23 former Finance Ministers and Central Bank Governors have added their voices to a growing chorus calling for comprehensive debt relief linked to a green and inclusive […]
In a new journal article published in Science, research by Blake Alexander Simmons, Rebecca Ray, Hongbo Yang and Kevin P. Gallagher explores opportunities for China to alleviate debt burdens in exchange for debtor nation commitments to climate change mitigation and/or adaptation and environmental protection through “debt-for-climate” and “debt-for-nature” swaps. Many developing countries are experiencing mounting […]
By Blake Alexander Simmons and Rebecca Ray As developing countries emerge from the COVID-19 crisis, they will need to pivot rapidly to relaunch their economies. Given the severity of the current economic downturn, the world has an opportunity to pivot to greener and more inclusive forms of economic growth in the next business cycle. Standing […]