A greening response to development at the time of the Covid-19 pandemic

 By John A. Mathews, Professor Emeritus, Macquarie University


This blog is part of a series on tackling COVID-19 in developing countries. Visit the OECD dedicated page to access the OECD’s data, analysis and recommendations on the health, economic, financial and societal impacts of COVID-19 worldwide.


planet-mask-greening-covidAmid all the gloomy news surrounding the spread of the Covid-19 pandemic, one response stands out. Suddenly the role of government and public institutions in combating the spread of the disease is seen as vital. The former neoliberal rants at the alleged wastefulness and inefficiency of the public sector can now be seen for what they are – ideologically freighted missiles that ignored reality.

Now in a time of pandemic, a good public health system is seen as a vital ally. In the best cases it encompasses a sound case monitoring system, a capacity to test and trace cases, to provide clinical care in pandemic isolation, to set up and enforce quarantine arrangements, to supply vital protective equipment, to provide wage subsidies to cushion the economic impact, to mobilize government stimulus packages, and much else besides. Continue reading “A greening response to development at the time of the Covid-19 pandemic”

Strengthening development in the face of the climate crisis and environmental degradation

By Jorge Moreira da Silva, Director, OECD Development Co-operation Directorate and Andrew Norton, Director, International Institute for Environment and Development (IIED)

Amazon-fire-climate-change
Aftermath of a Brazilian Amazon fire

The climate emergency and broader environmental destruction — from forest devastation to loss of biodiversity to depleted water supplies — are challenging international aid agencies’ collective ability to support sustainable development.

Despite awareness of these growing pressures, these issues are often peripheral to how development agencies work. True, most members of the OECD Development Assistance Committee (DAC) have adopted environmental safeguards and are refocusing some of their actions on tackling the climate crisis. Too often, however, development agencies overlook other pressing environmental problems, such as sustainable management of forests, land and water, and related health issues such as sanitation, indoor air pollution and urban slum improvements.  In short, agencies have yet to fully integrate environmental concerns ― including climate change ― in their policies, plans, budgets and actions.

But how? The DAC examined the practices of its members — focusing on the European Union, Sweden and Canada — with support from the International Institute for Environment and Development (IIED), and identified five steps that agencies should adopt if they want to effectively tackle critical environmental challenges and threats: Continue reading “Strengthening development in the face of the climate crisis and environmental degradation”

The Green Eureka Moment: Investing and Inventing to Stop Climate Change

By Raluca Anisie, Carbon Impact Analyst and Paul Hailey, Head of Impact, responsAbility Investments AG

bakery-ecuador
A family bakery in Ecuador that used a green loan from a GCPF investee to buy a more energy-efficient oven. Photo: José Jacomo

In the 3rd century B.C., Archimedes declared: “Give me a place to stand and with a lever I will move the world.” This phrase speaks to the potential of the right tools at the right time, but as anyone who has tried to build flatpack furniture will confirm, not having the right tools can derail any project, however grand.

In 2019, our quest to find and use the right tools to move the world is more urgent than ever. As UNEP stated at COP24, we are the last generation that can stop climate change. This challenge requires a mobilisation of investment on an unprecedented scale, yet enormous gaps remain, especially in the developing world. Filling these gaps will require ground-breaking investment approaches like blended finance, a method that uses public money to improve the risk profile of investments to catalyse private funding. However, tools such as blended products will also need to credibly demonstrate impact to attract and retain public and private investors. Continue reading “The Green Eureka Moment: Investing and Inventing to Stop Climate Change”

Green Industrialisation and Entrepreneurship in Africa

By Milan Brahmbhatt, Senior Fellow, New Climate Economy (NCE) and World Resources Institute1


Explore this topic further with the upcoming launch of the
2017 African Economic Outlook: Entrepreneurship and Industrialisation in Africa.
Stay tuned for details


Solar salesman in Gulu Uganda Photo credit James Anderson
Solar salesman in Gulu, Uganda. Photo credit: James Anderson

Policy makers across Africa have embraced industrialisation and economic transformation as keys to accelerate inclusive growth. They also increasingly see the need for economic transformation to deliver green growth – growth that does not endanger Africa’s natural environment in ways that reduce the welfare of present and future generations. Economic transformation and green growth depend on doing new things: making risky investments in new, unfamiliar sectors or products or adopting new, unfamiliar methods, processes, technologies, inputs or business models. All this depends crucially on the activity of entrepreneurs, who drive change through their innovation and risk-taking. Fostering entrepreneurship, including green entrepreneurship, is thus a key policy aim for African countries.

Continue reading “Green Industrialisation and Entrepreneurship in Africa”

Developing countries and the renewable energy revolution

By Prof. John A. Mathews, Professor of Strategy at Macquarie Graduate School of Management in Sydney, Australia and author of Greening of Capitalism

There was a time when arguments about development and energy were seen as different discourses. They came together in the familiar call for poor people in developing countries to have access to electricity. As for energy needed for industrialisation, fossil fuels – with all their burdens on the balance of payments and geopolitical entanglements – were tapped to fill the need.

To be sure, the Western world as it industrialised over the past 200 years enjoyed enormous benefits from fossil fuels. The transition to a carbon-based economy liberated economies from age-old Malthusian constraints. For a group of select countries representing a small slice of the global population, burning fossil fuels enabled an era of explosive growth, ushering in dramatic improvements in productivity, income, wealth and living standards. Continue reading “Developing countries and the renewable energy revolution”