Long Story Short

It’s a big moment for the United Nations Green Climate Fund. Its funding levels hit a record high following the climate conference COP 28, with several countries adding contributions to its second replenishment that sent the fund’s total soaring past its $10 billion goal to $12.8 billion. GCF’s Executive Director Mafalda Duarte oversaw the replenishment after assuming the role only three months prior, having departed her previous job as the head of the Climate Investment Funds in June. Somewhere in there, she was also at the Africa Climate Summit, the U.N. General Assembly, and multiple other global engagements. “Quite intense,” she acknowledged to Devex President and Editor-in-Chief Raj Kumar in Davos, Switzerland, the latest stop on her whirlwind travel agenda. But if Duarte has been busy, it’s because she’s making huge strides at an organization that was in a notably rocky place a few years ago. On this episode of Davos Dispatch, a series housed under our regular weekly podcast, This Week in Global Devel

This week we are in Davos closely following the conversations taking place at the annual meeting of the World Economic Forum. This year’s discussions have focused heavily on artificial intelligence and its potential impact on the humanitarian and development sectors. We also dig into our key takeaways from the conference, along with the question of whether we have reached a turning point when it comes to giving a voice to the global south. In addition to AI, climate change also took center stage at the summit, and we contemplate whether this is an indication that leaders are recognizing the gravity of the situation and its link to issues around global health. Will AI transform global development? And what impact will blockchain technology have on the sector? For the latest edition of our podcast series, Devex President and Editor-in-Chief Raj Kumar sat down with Hedera Chief Policy Officer Nilmini Rubin and BRAC Executive Director Asif Saleh to discuss the top global development stories from the past we

The “billions to trillions” narrative — the idea that a relatively small amount of public financing can be used to crowd in trillions of dollars in private capital to solve climate and other development challenges — has been discussed in development finance circles for nearly a decade now. And yet there’s still an annual $4 trillion gap in financing for energy, water, and other critical development objectives. Speaking to Devex’s Raj Kumar, Samaila Zubairu, CEO of the Africa Finance Corporation shared how his organization is leveraging public-private partnerships in “risky” countries such as Gabon and Djibouti, and what larger multilateral development banks should be doing to be more effective. “What is most important is for us to introduce more urgency in our approach to work. We need to really start to focus on outcomes,” Zubairu said. “We should all be accountable. We should be looking at what's the baseline at a certain period of time, and what are we doing to cause improvements to happen.” Zubairu joi

While a new year for many heralds a fresh start, the war that broke out in Gaza in October 2023 continues to rage, with the death toll numbering in the thousands. We take a look at the conflict from a global development and humanitarian lens by speaking with representatives from organizations doing aid work there to get an insider perspective on the crisis. They reveal the obstacles they face — such as the lack of fuel and inability to keep in touch with staff — and how they try to meet the needs of those affected by the war. What is the situation like on the ground? What are the misconceptions in the media? To find out, Devex President and Editor-in-Chief Raj Kumar and Managing Editor Anna Gawel sit down with Arnaud Quemin, Middle East-North Africa/Europe regional director for Mercy Corps, as well as Anera Regional Development Lead Saddam Sayyaleh for the latest episode of the This Week in Global Development podcast. Sign up to the Devex Newswire and our other newsletters: https://www.devex.com/accoun

The middle class is the most successful group in world history, but today, it’s facing a bit of an identity crisis. The realities of automation, climate change and other factors are straining the once ubiquitous middle class dream, and younger generations are questioning whether it’s really all it’s cracked up to be. In his new book, "The Rise of the Global Middle Class: How the Search for the Good Life Can Change the World," economist and senior fellow at the Brookings Institution’s Center for Sustainable Development Homi Kharas traces the evolution of the middle class all the way from its roots in Victorian England, and ultimately offers a new policy agenda that could pave a way forward. For more information on upcoming episodes and to sign up for our mailing list, visit the Devex Book Club here: https://pages.devex.com/devex-book-club.html

Like many of us, Rajiv Shah knew early on that he wanted to make an impact on the world, but he wasn’t quite sure how to do it. His book, "Big Bets: How Large-Scale Change Really Happens," opens with some of that early uncertainty, like the summer he spent treating leprosy patients in India, and his time working on Al Gore’s ultimately doomed campaign. But as Raj writes in his book, that uncertainty was all part of an important realization he’d eventually come to: that large-scale change doesn’t come from caution, but from what he calls a “big bets philosophy,” which says that it’s only by trying to fundamentally solve, not just improve, pressing problems that the world can truly be transformed. For more information on upcoming episodes and to sign up for our mailing list, visit the Devex Book Club here: https://pages.devex.com/devex-book-club.html

The agreement to operationalize a new fund for loss and damage was a key achievement of this year’s United Nations Climate Change Conference, or COP 28. But key questions remain about how that fund will work to get financial resources to countries experiencing the impacts of climate change. It’s part of a broader conversation about climate vulnerability and resilience — how to measure it, how it relates to a country’s income status, and how to quantify the costs of climate change impacts. “These are things that will be with you forever — your entire trajectory, your entire life, your entire space has changed fundamentally and in a permanent way. So the solutions cannot be sliced and diced solutions,” argues Gene Leon, president of the Caribbean Development Bank, in this episode of the Climate + podcast. Leon outlined how support for countries experiencing loss and damage due to climate change can help them regain their footing — and rediscover an economic growth trajectory on a changing planet. The Climat

This Week in Global Development is back for its first episode of the New Year, and this week, we took a look ahead at what we can expect to come down the pike in 2024. It’s an election year in the U.S., and bipartisanship is in short supply. Many of the legislative challenges of 2023—including those around foreign aid— are carrying into the new year, adding more pressure to a dam that’s already quite full. Republican presidential hopefuls are even going so far as to call for the defunding of the United Nations. Luckily, not everything comes down to funding—we also discussed the U.S. Agency for International Development’s new Locally Led Programs indicator, which sets a standard for determining whether a given program can be considered, well, locally led. Joining Devex’s President and Editor-in-Chief to break down these topics is Stefan Dercon, the former chief economist at the U.K. Department of International Development and current Professor of Economic Policy at the Blavatnik School of Government, as wel

The United Nations climate change conference in Dubai, or COP 28, was a big moment for food systems. For the first time, COP included a day dedicated to food and agriculture, which many see as an important signal that silos between climate and food policy are starting to break down. Still, less than 5% of climate finance is invested in food systems, despite the massive need for financial support for priorities such as regenerative agriculture, reducing food loss and waste, and sustainable livestock management, says Ertharin Cousin, former head of the World Food Programme, in this episode of Devex’s Climate + podcast. “Ensuring that we are part of the finance dialogue is as critical as ensuring that we are part of the substantive dialogue around the actions,” Cousin said. It’s an urgent challenge, considering existing — and increasing — levels of food insecurity, and what a changing climate likely means for those unserved by the existing food system, says Ismahane Elouafi, chief scientist at the Food and Ag

The annual United Nations climate conferences, or COPs, have become much more than just a forum for technical and political negotiations. They’re also a convening space for representatives from the likes of civil society, academia, and the private sector. Corporations now have an increasingly significant role to play in shaping the climate conversation and — crucially — in ensuring their own operations are environmentally sustainable. For a global technology company like Microsoft, being present at COP is important not just because of the potential tools and solutions the company can offer, but also due to the implications of climate change for its business and operations, said Melanie Nakagawa, Microsoft’s Chief Sustainability Officer. Joining the Climate + podcast from COP28 in Dubai, Nakagawa shared Microsoft's priorities around investing in carbon removal, using artificial intelligence to accelerate progress on sustainability, and improving sustainability reporting mechanisms and governance. “We want t

The Paris Climate Agreement, established at COP 21 in 2015, calls for leaders and institutions across society to work towards reducing their carbon emissions with the aim of reaching net zero by 2050. Multilateral development banks, or MDBs, which have a critical role to play in the climate finance landscape, are in the process of figuring out what it means to deliver on their commitment to “Paris alignment”. “Delivery means really, for us, implementing what we have committed to do and working with the countries in which we invest in order to accompany them in this green transition,” said Odile Renaud-Basso, President of the European Bank for Reconstruction and Development, in the latest episode of the Climate + podcast. EBRD aims for 50% of its investments to be in support of the green transition by 2025, she added. Renaud-Basso joined Devex senior reporter Adva Saldinger to delve deeper into EBRD’s climate priorities, the bank’s approach and timeline for phasing out investments in fossil fuels, what MDBs

Last week we traveled to Dubai to attend the 28th United Nations Climate Change Conference, or COP 28, where apart from hosting our event on the sidelines of the main conference, we also reported on the negotiations taking place. We look back at the main takeaways from COP 28, including the pledges made by philanthropic organizations, and contemplate whether the commitments made by countries will be followed through. While it is recognized that issues related to health, food, and energy are interconnected and linked to climate change, this understanding needs to be included within policies and future development strategies, experts tell us. Following USAID’s announcement of the 14 measures it will use to track its target of having half of its projects be locally led by 2030, we debate whether it will successfully drive meaningful change, or just lead to tokenistic box-check efforts to localize. We also reported on the ongoing leadership crisis World Food Programme chief Cindy McCain is facing over the confl

The United Nations climate conference, or COP 28, kicked off with a great deal of optimism as the loss and damage fund was established and countries made their first pledges to contribute. However, concerns remain on whether money channeled through the scheme will really reach its intended recipients. An alternative model to this is the one utilized by GiveDirectly, the U.K. charity that provides direct cash transfers to vulnerable households. To find out more about the organization — including how they might help people in areas prone to climate disasters — Devex Executive Vice President and Executive Editor Kate Warren sat down with GiveDirectly’s vice president for partnerships, Yolande Wright, for this episode of the Climate + podcast. During the conversation, Wright highlights the effectiveness of lump sum cash transfers in helping households build resilience to climate change by investing in livelihoods and improving homes, as well as their ability to address systemic issues — such as infrastructure

For too long, Indigenous peoples were sidelined from the climate negotiations process, despite being among the most directly affected by climate change. That changed at COP 26 in Glasgow, when for the first time in the history of the UN climate conferences, indigenous representatives were invited to engage directly and share experiences with governments. Indigenous leaders, however, argue that there is still a long way to go towards having their rights sufficiently recognized. “We see that at least we have some spaces that we occupy, and mechanisms which allow better participation, but we still have to do much more at the national levels,” said Victoria Tauli-Corpuz, former United Nations Special Rapporteur on the Rights of Indigenous Peoples, in the latest episode of Climate +. Tauli-Corpuz said she and other Indigenous representatives are calling for Indigenous peoples’ rights, territories, and knowledge to be recognized in countries’ national climate mitigation plans (known as nationally determined contr

This year’s U.N. Climate Conference has already been a historic one in the nearly 30-year timespan of the COP process because it’s the first time there’s been a day dedicated to the linkages between climate change and health. Health advocates are drawing attention to the growing public health emergency surrounding the burning of fossil fuels, especially in the wake of controversial comments made by COP 28 President Sultan Ahmed al-Jaber in which he said there is “no science” that says phasing out fossil fuels is necessary to keep global warming in check. “Fossil fuel phase-out is the most effective and the most important public health intervention of our times,” said Marina Romanello, executive director of the Lancet Countdown on climate change and health. Romanello joined Devex global health reporter Jenny Lei Ravelo on the ground at COP 28 for the latest episode of the Climate + podcast. “We heard from Dr. al-Jaber talking that there’s no scientific evidence — that's absolute nonsense,” Romanello said. “

This week we traveled to Dubai to follow the discussions at COP 28, the U.N. climate summit, and to find out what the outcomes of the negotiations could mean for the global development sector. The first day saw the creation of a loss and damage fund designed to compensate the lowest-income nations most heavily affected by the negative impact of climate change. While the move is a step in the right direction, activists hope that the wealthiest and most-polluting nations will follow through on their pledges. For countries such as Somalia — which is trying to bring in climate funding as it continues to battle drought and food insecurity — the fund could be a much-needed lifeline. With the country experiencing heavy rains and flooding that has affected some 1.7 million people and displaced nearly 700,000 from their homes, Somalia is relying more than ever on external support to face the crisis. We also dug into the climate and health nexus. Recognizing the negative health impacts of climate change, this is t

This year’s U.N. Climate Conference has already been a historic one in the nearly 30-year timespan of the COP process because it’s the first time there’s been a day dedicated to the linkages between climate change and health. Health advocates are drawing attention to the growing public health emergency surrounding the burning of fossil fuels, especially in the wake of controversial comments made by COP 28 President Sultan Ahmed al-Jaber in which he said there is “no science” that says phasing out fossil fuels is necessary to keep global warming in check. “Fossil fuel phase-out is the most effective and the most important public health intervention of our times,” said Marina Romanello, executive director of the Lancet Countdown on climate change and health. Romanello joined Devex global health reporter Jenny Lei Ravelo on the ground at COP 28 for the latest episode of the Climate + podcast. “We heard from Dr. al-Jaber talking that there’s no scientific evidence — that's absolute nonsense,” Romanello said. “

The United Nations Climate Change Conference known as COP is an imperfect forum for achieving progress on climate change. The discourse that unfolds there is dominated by the global north. Any action agreed upon is nonbinding. It’s heavily attended — and influenced — by lobbyists for the fossil fuel industry. It may not be the forum we need, but it’s the forum we have, Kumi Naidoo, a climate activist and the former executive director of Greenpeace International, told Devex on the most recent episode of our Climate+ podcast. “The way I see COP is it's about getting the best out of the really bad system,” he said. COP’s strength lies in its power to shape the narrative around climate change, which up until this point has failed to engage both citizens and governments on the scale that it needs to. According to Naidoo, the climate movement needs to go beyond data and facts in its messaging — it needs to appeal to emotions, too. Breaking climate out of its silo and recognizing its interconnectedness with human

The 2023 United Nations Climate Change Conference, or COP 28, kicked off this Thursday. As with the summits in previous years, we arrive with the usual set of questions: Will pledges be met? Are the biggest polluters going to commit to support the most in need? Will the conference lead to meaningful change? The first day saw an agreement reached over a loss and damage fund, with countries already making initial pledges, including the United Arab Emirates, the United States, and Germany. However, many say that the amount committed is not enough given the size of the economies of these nations. According to the U.N. Environment Programme, it is estimated that 80% of people displaced by climate change will be women. With a heavy focus on financial pledges, we contemplate whether the summit will deliver to meet the needs of women affected by the climate crisis. We also discuss an article published this week on MacKenzie Scott's unconventional style of giving large, unrestricted gifts to nonprofits, which was

There was a time when world leaders and climate activists mostly spoke about climate change within the framework of mitigating its impacts by taking actions such as reducing fossil fuel consumption and the flow of heat-trapping greenhouse gasses. Little was said about how to help communities adapt to the impacts of climate change. Data is consistently showing us that climate change will most heavily affect the global south through extreme weather events, including heat waves, droughts, and flooding. Nevertheless, there is room for optimism. Devex Senior Reporter Stephanie Beasley sat down with Enock Chikava, who leads the Bill & Melinda Gates Foundation’s agricultural development program, for the fifth episode of Devex’s Climate + podcast to find out about the initiatives the philanthropic organization is supporting to help the agricultural sector in the global south adapt to a changing climate. In addition to providing insights on the work being done already — such as the breeding of chickens that thriv