Despite their limited means, many of the world’s poorest countries are leading the way in cutting emissions and taking bold action on adaptation. The rest of the world must step up support for LDCs – and follow their example
Category: Financing
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There is a growing chorus calling for delays to net-zero initiatives, blaming climate action for the current cost of living crisis. In reality, green investment can offer a path out of the economic troubles that have been building since the start of the century
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Massive investment is needed in infrastructure to achieve the transition to clean energy and create resilience against the impacts of global warming. The scale of investment – as much as $9 trillion per year – exceeds the capabilities of public finance and will rely on aligning private sector financing. Green or climate bonds seem an obvious instrument for the task – are they the killer solution?
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The EU’s unilateral approach to curb deforestation through restrictions on imports sends a powerful message, but will it deliver? Here, the authors argue that successful global action on deforestation calls for a carefully balanced system of tariffs and subsidies from a wider coalition of countries
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In the words of the UN Secretary-General, developing countries have limited access to the financial resources they need to address the dramatic challenges they face and implement the Sustainable Development Goals (SDGs). The global financial architecture, created for a very different world eight decades ago, needs urgent reform to make it fit for purpose
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Tax that supports sustainable development
Sub-Saharan Africa
For most countries, public finance, raised through tax, should be the primary source of investment in the SDGs. How can developing countries increase their tax receipts, fairly and efficiently?
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Just one-third of adults worldwide are classified as financially literate. Improving our knowledge and understanding of finance and money is a core mission of the Liechtenstein Bankers Association, and critical to creating a more sustainable, equitable world that leaves no one behind
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Uneven access to affordable financing for development, starkly exposed by the pandemic, has become even more entrenched as events over the past year have exacerbated divides between developed and developing countries. Without urgent action, such financing divides risk becoming sustainable development divides
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With the right conditions, blended finance – combining public and private financing to incentivize increased investment from new sources – could bridge the funding gaps necessary to achieve the SDGs. How can we realize this huge investment potential before it’s too late?
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Progress on implementing the Sustainable Development Goals (SDGs) has been significant but uneven. If we want to accelerate delivery, we need to apply the lessons learned from climate finance
