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POLICY PAPERS
March 18, 2024
The IMF’s Resilience and Sustainability Trust (RST) has been operational for over a year, with the first seventeen countries receiving commitments of financial support. But if lending from the RST is to achieve its objectives, the IMF should make it fitter for purpose by taking a radically different...
CGD NOTES
March 15, 2024
The November guidance on RSF seems to have addressed some of the shortcomings observed in the initial RSF programs. However, as we highlight in this note, other deficiencies remain unresolved and require attention from the IMF’s Executive Board during the upcoming RSF review.
Blog Post
March 07, 2024
In this blog, we explore how OECD Development Assistance Committee (DAC) providers have been incorporating gender-based targets in their climate-related Official Development Assistance (ODA). We find that development finance categorised as climate-related has increasingly incorporated gender-related...
Blog Post
February 20, 2024
In a new note, I suggest there’s little evidence that aid (official development assistance, or ODA) spent on climate mitigation is actually reducing emissions. That’s not to say the finance is wasted: much will have been spent on projects with considerable development impact and some, surely, reduce...
CGD NOTES
February 20, 2024
An increasing proportion of official development assistance (ODA) is being dedicated to climate, and climate mitigation in particular. Even were that spending highly effective, and despite reaching about $30 billion in 2020, it is not large enough to finance investment that would significantly slow ...
Blog Post
February 01, 2024
As the urgency and scale of development and climate challenges become more obvious and alarming, we have seen a surge in interest in how multilateral development banks (MDBs) can help low- and middle-income countries meet these challenges. Much of that focus has been on the volume of their finance, ...
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 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...