Multilateral Development Banks (MDBs) are potentially an important source of finance for low-carbon transition pathways and just transition in the emerging economies. However, there is increasing concern among the developing countries that MDBs are unable to mobilise adequate finance to be in line with the global goals. The G20 injected … Read more
Ransomware attacks have emerged as a massive cybersecurity challenge for states, civil society, the private sector, and individuals around the world. These attacks have disrupted national and commercial computer networks, caused data breaches, and in 2021 alone cost the global economy an estimated US$20 billion. Multilateral and plurilateral initiatives are … Read more
G7 countries are actively working to repurpose agricultural subsidies to reduce unintended effects on nature (across climate, biodiversity and lands impacts). The G7 has a key role to play on agricultural subsidies discussions in the World Trade Organization. At the WTO and elsewhere, the G7 should move to replace subsidies … Read more
The G7 can provide a powerful signal on resource mobilization for biodiversity and climate change ahead of the Biodiversity Convention COP15 in Kunming to ensure that financing efforts to address the global climate crisis and the global biodiversity crisis are synergistic and mutually re-enforcing. G7 countries should commit to allocate … Read more
Businesses, societies, and states can face issues in metaverses (MVs) that could become more serious and larger in scope amid the active development of MVs, which are still at the level of scattered projects. MVs and MV-enabling technologies (MV tech) are changing modes of social interaction. Through investment in MVs … Read more
Steel accounts for around 7 percent of global greenhouse gas emissions and 11 percent of global carbon dioxide emissions,1 and use of low-emission steel will decarbonise the sector. Green procurement of low- emission steel by public and private entities can help stimulate demand in favour of large-scale production of net- … Read more
As the current G20 chair, India confronts the challenge of affirming the forum’s value for consensus-building and collective action in times of heightened geopolitical tensions. A key opportunity for this is a structured and prudent agenda on Digital Public Infrastructure (DPI). The broad availability of performant and secure DPI is … Read more
Countries across the global are facing a sovereign debt challenge in the wake of the economic impacts of Covid. This will likely result in an increasing need for debt restructuring and debt forgiveness operations. As global institutions look at this issue, they have an opportunity to ensure that these restructuring … Read more
The G20 has emphasised the need to ensure an energy transition that is just, inclusive, and sustainable. The grouping adopted an energy transition strategy, the ‘Decade of Actions: Bali Energy Transition Roadmap’, during the Indonesian presidency in 2022. An important component of the Bali Roadmap is the ‘Presidency Troika’ action … Read more
The International Monetary Fund (IMF) is a pillar of the international monetary system, providing multilateral surveillance of countries’ economic and financial policies. It also provides short-term funding for countries facing macroeconomic and/ or balance of payment stresses. As the needs for its surveillance and lending activities increase, the IMF has … Read more
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