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Ghana is positioning itself to draw more local and foreign investment to address climate change issues and conserve its forest, the Ministry of Finance has said. To do so, the Ministry has disclosed that it would soon establish a Climate Division to tap into financial resources being dedicated by multilateral…
South Asian countries have come out of the pandemic with eroded fiscal space and record public debt. Global financial tightening is putting additional pressure on government budgets.
South Asia is one of the most vulnerable regions to climate risks, and will require substantial resources to prepare for future disasters and build climate resilience. These considerations will have strong implications for fiscal management across South Asian countries. The larger the fiscal space available before a disaster, the better the region can build forward post disaster, with reconstruction and social assistance efforts.
The World Bank has been tracking carbon markets for around two decades
BILBAO — Revenues from carbon taxes and Emissions Trading Systems (ETS) have reached a record high, about $95 billion, finds the World Bank’s annual “State and Trends of Carbon Pricing” report released today. This is despite the challenging context f