An analysis of climate finance flows in Ghana shows that an annual average of USD 830 million was tracked in 2019 and 2020. This is a meagre 5-9% of its required investment — estimated between USD 9.3-15.5 billion — highlighting the pressing need to bolster climate finance to achieve Ghana’s NDCs (UNFCCC, 2021).
Climate-induced disasters are causing increasingly frequent and intense economic damages, disproportionally affecting emerging markets and developing economies (EMDEs) relative to advanced economies (AEs). However, the impact of various types of climate shocks on output growth and fiscal positions of EMDEs is not fully understood.
The Ministry of Environment, Forest and Climate Change (MoEFCC) has introduced the Environment (Protection) Sixth Amendment Rules, 2023. The rules bring forth key amendments to the Environment (Protection) Rules, 1986, specifically addressing the regulation of brick kilns.
Asia and the Pacific witnessed US$ 302 billion worth of Greenfield projects announced in the January to September 2023 period, a staggering 35 per cent increase compared with the same period in 2022, when US$ 224 billion had been recorded.
Latest IEA market report sees lower demand to 2026, based on current policies, but stronger actions are needed to drive a steeper decline towards meeting international climate goals.
Transport is essential for global economic and social development, especially in the Asia-Pacific region. However, its rapid expansion in the region has posed challenges, due to continued urbanization and motorization which increase negative externalities such as congestion, pollution, greenhouse gas emissions and road accidents.
Given the commitment of G7 and G20 countries to the gradual elimination of fossil fuel subsidies and their advocacy for other nations to follow suit, this study examines the effects of such subsidies on firms’ GHG emissions.
Research on migration and urban development in Africa has primarily focused on larger cities and rural-to-urban migration. However, 97 percent of Africa’s urban centers have fewer than 300,000 inhabitants, and a sizable share of urban migrants come from other urban areas.
India’s power demand is rising more quickly than its renewable capacity additions, accelerating plans to mine, transport and burn up to 65% more thermal coal for electricity generation by 2030. Several planning documents have sought to gauge this demand and identify bottlenecks in moving coal from mines to power plants.
The Government of Nigeria avoided a fiscal cliff by implementing bold reforms, including ending the gasoline (premium motor spirit, PMS) subsidy, and shifting to a unified, market-reflective foreign exchange (FX) rate. These essential reforms entail painful adjustments.
