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Climate change affects the world’s poorest first and worst. Yet it is a problem the whole world shares that can only be addressed through international cooperation. CGD’s work on climate finance looks at economic incentives that benefit us all—by helping developing countries work together with other governments, institutions, and corporations to reduce emissions.
Climate change threatens the world’s poorest people most. They are least protected from climate-related disasters by savings or insurance, least able to access modern health care when diseases spread, and least able to move to safer locations when storms rage. Preventing dangerous climate change is critical for promoting global development. And saving tropical forests is essential to doing both.
Power Africa has barely gotten started and now faces a whole new administration, with its own ideas and its own priorities. The biggest risk to Power Africa is loss of momentum. As a progress check, an early analysis of the transactions pipeline, and input to the next White House, CGD assessed Power Africa along eight dimensions. Here’s a summary.
Power Africa has the potential to be transformative for millions of poor people and be the single biggest legacy in Africa for President Barack Obama. Observers now have roughly three years to reflect on the initiative: on what’s progressing well, what’s not, and where future risks may lie. While it is still too early to provide a complete analysis of outcomes, this report card provides a timely assessment at the close of this administration and an input to the next one. While the judgments of Power Africa are largely positive, the coming months will be crucial to keeping the effort on a positive trajectory.
The Obama Administration has left an indelible impact on domestic energy policy and global climate policy. Policies driving technological innovation—in what critics have dubbed the “war on coal”—are helping the United States transition its energy system to one that is cleaner and more efficient. While the administration touts the growth of clean energy deployment in the United States at international fora, it should not limit its engagement with foreign countries on fossil energy—especially when the climate gains could be large.
The multilateral development banking (MDB) system is regarded as having been remarkably successful—but is the model still fit for purpose? CGD president Nancy Birdsall and senior fellow Scott Morris delve into a new CGD report's recommendations on how to make MDBs more effective.