A CGD note with Scott Morris. Rather than use aid to finance climate mitigation projects (it's the wrong instrument, mis-targeted and inadequate in scale), why not fund a World Bank and IFC capital increase: its cheaper, better targeted, more appropriate to the task, ensures common but differentiated financing, and gives the World Bank Group something useful to do in richer developing countries.
Charles Kenny
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Charles Kenny writes about global development — what’s working, what isn’t, and how the world can do better. An economist who spent fifteen years at the World Bank, he is now a senior fellow at the Center for Global Development in Washington, DC.
Charles Kenny 