Project Syndicate

Multilateral development banks and international financial institutions argue that mobilizing private investment is crucial to meeting developing economies’ needs for climate and development finance. But boosting government revenues is far more likely to generate the trillions of dollars needed to close these financing gaps.

Asset-based and risk-sharing instruments – the backbone of Islamic finance – ensure that financiers become stakeholders in a project’s success. A hybrid financing model that makes use of both conventional and Islamic finance could accelerate investment in sustainable infrastructure in developing countries.

This week in Say More, PS talks with Adekeye Adebajo, a professor and senior research fellow at the University of Pretoria’s Centre for the Advancement of Scholarship.

While European Union member states cooperate on issues like economic policy and climate change, the EU lacks a distinct political identity. Unless EU leaders are held accountable to European voters, the upcoming European Parliament elections are unlikely to cultivate a transnational space for pan-European policy debates.

The models are in place to achieve clean cooking for all, which would have enormous benefits for the climate, health, and gender equality. Now rich-country governments, the private sector, and international organizations must agree to provide the necessary funding at this week’s IEA Summit on Clean Cooking in Africa.

At the heart of Sino-American trade tensions is the claim that China’s surging exports are a result of Chinese subsidies. But the driving force behind this glut of cheap goods is a significantly undervalued renminbi, a result of high capital outflows caused by both domestic policies and US restrictions on investment in China.

The dollar's strength, particularly against major Asian currencies, has triggered a wave of skittishness in financial markets. Can anything be done to stem the greenback's rise, and even if something can be done, should it?

The Summit on Clean Cooking in Africa on May 14 will bring together government leaders, heads of financial institutions, development partners, and policymakers from around the world to develop a roadmap for delivering universal clean cooking in Africa. Whatever they decide, women and girls must be at the center of the discussion.

The choices EU leaders make in the coming years will determine whether European industry has a long-term future. That is why the next European Parliament must make implementing a renewed European Green Deal, complemented by initiatives to bolster industry and attract broad public support, a top priority.

While the ongoing pro-Palestinian student protests have many superficial similarities to the student uprisings of the late 1960s, only the latter envisioned a new political movement to ameliorate the ills of their time. The current protesters' goals are far more modest, which makes them all the more tragic.