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Blog Post
December 18, 2023
The DI job market papers series is winding up, but two very good ones came out this week. First, I was a big fan of Sergio Puerto’s paper on how seed developers do not get the most out of the seeds they develop by failing to account for and cater to the heterogeneity of farmers.
Blog Post
December 11, 2023
The World Bank offered up several new climate commitments at COP, including that 45 percent of its annual financing will be devoted to climate-related projects. The question is: what does “climate-related” mean? Will these funds really influence climate outcomes, or will they be the financial equiva...
POLICY PAPERS
December 11, 2023
Factors like borrowing costs and access to alternative sources of finance will likely limit country demand for World Bank climate mitigation finance absent financial incentives, which could prove costly and difficult to resource at the scale needed to have meaningful impact. There's a risk that thes...
Blog Post
December 08, 2023
Every once in a while, a moment acts to define an era, marking the precise second that the tides have shifted. Like the first scene of Pulp Fiction, on its release in 1994: at the moment Miserlou starts playing, that was it: this was what every film was going to be like for the next 10 years. The op...
Blog Post
December 06, 2023
This year’s, COP, the big UN climate conference, opened with the Independent High-Level Expert Group in Climate Finance saying trillions of dollars were required annually for developing countries to meet climate goals, the ONE campaign documenting that donors had utterly failed to deliver on their e...
CGD NOTES
December 06, 2023
Marginal abatement cost curves, which suggest the cheapest approaches to reducing carbon emissions, are out of favor in international climate finance discussions because they are not good tools to use when thinking about systemic and urgent change. On the other hand, international financing studies ...
Blog Post
December 06, 2023
As COP28 draws on, major multilateral development banks (MDBs) and the International Monetary Fund (IMF) have made flashy announcements about their desire to expand debt-for-nature swaps. About a year ago, we warned against overestimating the efficacy of such swaps in addressing both climate change...
Blog Post
December 01, 2023
What a week, eh. In the UK, the Covid inquiry is kicking into overdrive, with Matt Hancock in this week and Boris Johnson next week, leaving observers with the difficult task of distinguishing fact from… um… well, the other thing (at least, according to the other witnesses to the inquiry, and their...
Blog Post
December 01, 2023
The dirty secret of climate finance is that much of it is displacing traditional development aid. Calls for more climate finance are important, but if current practice is any guide, a large share of the funds will be taken from budgets that fund critical development priorities, such as health, educa...