An Emirati company wants to broker a nascent market in which nations trade emission reductions even before regulations are agreed upon.
Category: Developing Countries
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World Bank Warns Record Debt Burdens Haunt Developing Economies
Surging interest rates and waning financing options threaten a “lost decade” for poor countries.
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New Sickle Cell Therapies Will Be Out of Reach Where They Are Needed Most
There is no clear path for African patients to get access to the treatments, which have multimillion-dollar price tags and are highly complex to manufacture and deliver.
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World Bank President Ajay Banga Addresses Climate Change
Ajay Banga, who took over the top job in June, has prioritized global warming issues in his first months on the job.
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The Financial Paradox Blocking Efforts to Fight Climate Change
Finding money for fossil fuel plants is much easier than financing clean energy projects, especially in developing countries.
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COP28 Climate Summit Begins Against Backdrop of War and Record Heat
World leaders at climate talks in Dubai invoked faith, science and economics in their calls for a rapid transition away from fossil fuels.
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A Tense Climate Summit Begins Against a Backdrop of War and Record Heat
World leaders at climate talks in Dubai invoked faith, science and economics in their calls for a rapid transition away from fossil fuels.
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COP28 Begins With Fossil Fuels, and Frustration, Going Strong
After decades of meetings, nations still haven’t agreed to curb the main driver of global warming.
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Nepal Is Investigating New Airport Made by China
After a Times article about the cost and quality of Pokhara airport, which Chinese state-owned firms financed and built, Nepal’s anti-corruption agency said it was looking into the project.
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China Is Lending Billions to Countries in Financial Trouble
Instead of lending money for highways and bridges, China has shifted to providing emergency rescues for previous borrowers.
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What is China’s Belt and Road Initiative and How Is It Changing?
Xi Jinping enhanced China’s sway in the world by lending money for infrastructure. Now he’s collecting debts and rethinking his signature aid initiative.
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How a Fertilizer Shortage Is Spreading Desperate Hunger
Across Africa and in parts of Asia, disruption to the supply chain for fertilizer is raising food prices and increasing malnutrition.