Climate change poses large aggregate risks that will likely have very different effects on different households. Unfortunately, these risks cannot be shared in existing financial markets. In this paper, author
Implementing Nature-Based Solutions (NbS) can be an impactful strategy to confront biodiversity and climate crises, while promoting sustainable rural development and generating financial, social and investment returns. Despite this, NbS
Multilateral development banks (MDBs) dispense concessional and non-concessional funding for development to low- and middle-income countries. A growing obstacle in the way of development and poverty-reduction is climate change’s adverse
Implementing nature-based solutions (NbS) can be an impactful strategy to confront biodiversity and climate crises, while promoting sustainable rural development and generating financial, social and investment returns. Despite this, NbS
The urgency and cross-cutting nature of climate change requires an adaptation of existing public financial management (PFM) practices to ensure that climate concerns are taken into consideration at every step
Early rollout of climate-mitigation strategies will help countries meet their Paris Agreement commitments and smooth the low-carbon transition Nearly all 32 countries in the Middle East and Central Asia have
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?
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