Early rollout of climate-mitigation strategies will help countries meet their Paris Agreement commitments and smooth the low-carbon transition Authors: Gareth Anderson, Jihad Azour, Ling Zhu Nearly all 32 countries in
Central banks can potentially influence the investment decisions of private financial institutions, which in turn will create incentives towards green technology adoption and development of lower emission business models. This
Featured Article: What are the fiscal risks from extreme weather events and how can we deal with them? By Luis Alejos Focus region: Latin America and the Caribbean Latin America
Current approaches to environmental stewardship are demonstrably failing given the existential threats of climate change and biodiversity loss. Many factors contribute to global environmental degradation, but one that has received relatively little attention is the lack of government transparency and accountability for environmental stewardship compared to other policy domains, and the systematically weak integration of environmental stewardship into overall government strategy and target setting.
The response to COVID-19 has not been commensurate with the magnitude of the climate crisis. Besides green investment, which fiscal instruments can engender a process of structural change leading to a more sustainable growth model?
As developing countries attempt to plan for a post-pandemic recovery, they should be given a genuine opportunity to deal with their debt burden and in tandem tackle the challenge of climate and nature that threaten to derail their economies.