As 2022 comes to a close and the world confronts the “polycrisis,” researchers across the GDP Center highlight where progress has been made, where policy movement has stagnated + what to keep an eye on for 2023.
2️⃣ @han_cecilia considers if 🇨🇳China is hitting pause on the green energy revolution as coal remains the largest share of overseas power generating capacity financed by 🇨🇳China.
She says it must scale up support for renewable energy to meet commitments.
3️⃣ For @MVKarra, it is clear that the ongoing pandemic will only create more barriers to access + exacerbate inequities in healthcare-seeking, particularly in already-strained contexts.
To mitigate them, clear + decisive policy action is needed.
4️⃣ From a lackluster #MC12 to investor-state disputes threatening green transitions, @Thrasher_Rachel reviews how the future of the existing trade + investment regime depends on its ability to adapt + respond to global development + climate needs.
6️⃣ As #COP15 comes to a close, @BUBeckyRay considers how the new Global Biodiversity Framework could help shape climate finance + set guidelines for development finance institutions in protecting vital ecosystems.
8️⃣ On debt, @LumaSRamos emphasizes that the looming debt crisis requires action from @g20org on reforming the Common Framework + ambitious, comprehensive solutions that allow developing countries to invest in low-carbon, resilient + inclusive growth.
9️⃣ As @IMFNews mainstreams climate into its operations, climate vulnerable countries have very little formal say in the process due to the quota system.
@LaraMerling writes that the 16th Review of Quotas concluding in 2023 is a 🔑 opportunity for reform.
🌏 Who owns the majority of climate vulnerable country debt?
A new policy brief finds the majority of the $686.3 billion in @V20Group public debt is owed to private creditors + multilateral development banks, including @WorldBank.
Over the last 2️⃣ decades, @V20Group countries have lost approx. $525 billion to climate impacts, eliminating 20% of the group's wealth and threatening their ability to build resilient + low-carbon economies.
A misconception that the majority of new funding for overseas coal plants comes from public financing institutions in China pervades public policy discussion, which is partly due to a lack of transparent, reliable, systematic & comprehensive data. gdpcenter.org/WhoFundsCoal
Our research aims to correct this knowledge gap by comparing China’s overseas coal finance relative to its public and commercial counterparts globally.