Countries will need to mobilize a stepwise increase in domestic resources and put in place a broad array of new policies in order to meet the targets set out under the Paris Agreement on climate change and the United Nations 2030 Sustainable Development Goals (SDGs). Delivering economic growth and prosperity in a manner that is […]
Due to multiple external shocks since the outbreak of the COVID-19 pandemic, sub-Saharan Africa (SSA) is facing acute debt distress and new highs in the cost of foreign capital. Concomitantly, the region needs to mobilize a stepwise level of financing to meet shared climate and development goals, under the Paris Agreement climate targets and the […]
By Luma Ramos and Rebecca Ray The Intergovernmental Panel on Climate Change declared that the world stands at a ‘now or never’ moment. In this decade, nations must make the necessary investments to prevent global warming from surpassing 1.5 degrees Celsius. Without those investments, the world will suffer severe consequences, including devastating human, ecological and […]
A debt crisis is emerging in the Global South at the precise moment when substantial investment is needed to meet shared climate and development goals. Yet, the G20 Common Framework has been unable to engage all creditor classes or link debt relief to climate and development. How can emerging market and developing economies (EMDEs) find […]
For its long, winding roads and unknown challenges, fostering sustainable and inclusive development requires new public intervention models. Critically assessing existing innovative policy experiments, their outcomes and determinants, is important not only to strengthen the knowledge base but also to inspire sound development-oriented policies, including green industrial policies. A tide of change in analytical and […]
As 2022 comes to a close and the world confronts the “polycrisis,” researchers from the Boston University Global Development Policy Center highlight where progress has been made, where policy movement has stagnated and what to keep an eye on for 2023. Below, read key takeaways on the green energy revolution, sovereign debt, Chinese loans to […]
In March 2022, the Brazilian Development Association (Associação Brasileira de Desenvolvimento – ABDE) launched the ABDE 2030 Sustainable Development Plan with public policy proposals to catalyze $380 billion in investments by 32 institutions of the National Development System (Sistema Nacional de Fomento – SNF) for the implementation of the UN 2030 Sustainable Development Goals (SDGs). […]
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 Amanda Brown As many multilateral development banks (MDBs) seek to align their financing with the Paris climate agreement and move away from fossil fuels, there is a question of whether China’s policy banks would move to fill a gap in fossil fuel financing left by MDBs, as they had with coal. This concern is […]
By Luma Ramos The recent Intergovernmental Panel on Climate Change report stressed that greenhouse gas (GHG) emissions from 2010-2019 were higher than in any previous decade, and as such, limiting global warming will require major transitions in the energy sector. However, little is known about how low-carbon energy transitions unfold, particularly in developing countries. On […]