Devex Podcasts

The middle class is the most successful group in world history, but today, it’s facing a bit of an identity crisis. The realities of automation, climate change and other factors are straining the once ubiquitous middle class dream, and younger generations are questioning whether it’s really all it’s cracked up to be.

In his new book, "The Rise of the Global Middle Class: How the Search for the Good Life Can Change the World," economist and senior fellow at the Brookings Institution’s Center for Sustainable Development Homi Kharas traces the evolution of the middle class all the way from its roots in Victorian England, and ultimately offers a new policy agenda that could pave a way forward.

For more information on upcoming episodes and to sign up for our mailing list, visit the Devex Book Club here: https://pages.devex.com/devex-book-club.html

Like many of us, Rajiv Shah knew early on that he wanted to make an impact on the world, but he wasn’t quite sure how to do it. His book, "Big Bets: How Large-Scale Change Really Happens," opens with some of that early uncertainty, like the summer he spent treating leprosy patients in India, and his time working on Al Gore’s ultimately doomed campaign.

But as Raj writes in his book, that uncertainty was all part of an important realization he’d eventually come to: that large-scale change doesn’t come from caution, but from what he calls a “big bets philosophy,” which says that it’s only by trying to fundamentally solve, not just improve, pressing problems that the world can truly be transformed.

For more information on upcoming episodes and to sign up for our mailing list, visit the Devex Book Club here: https://pages.devex.com/devex-book-club.html

The agreement to operationalize a new fund for loss and damage was a key achievement of this year’s United Nations Climate Change Conference, or COP 28. But key questions remain about how that fund will work to get financial resources to countries experiencing the impacts of climate change.

It’s part of a broader conversation about climate vulnerability and resilience — how to measure it, how it relates to a country’s income status, and how to quantify the costs of climate change impacts.

“These are things that will be with you forever — your entire trajectory, your entire life, your entire space has changed fundamentally and in a permanent way. So the solutions cannot be sliced and diced solutions,” argues Gene Leon, president of the Caribbean Development Bank, in this episode of the Climate + podcast.

Leon outlined how support for countries experiencing loss and damage due to climate change can help them regain their footing — and rediscover an economic growth trajectory on a changing planet.

The Climate + podcast is supported by the World Bank:

https://www.devex.com/organizations/world-bank-group-38382

This Week in Global Development is back for its first episode of the New Year, and this week, we took a look ahead at what we can expect to come down the pike in 2024.

It’s an election year in the U.S., and bipartisanship is in short supply. Many of the legislative challenges of 2023—including those around foreign aid— are carrying into the new year, adding more pressure to a dam that’s already quite full. Republican presidential hopefuls are even going so far as to call for the defunding of the United Nations.

Luckily, not everything comes down to funding—we also discussed the U.S. Agency for International Development’s new Locally Led Programs indicator, which sets a standard for determining whether a given program can be considered, well, locally led.

Joining Devex’s President and Editor-in-Chief to break down these topics is Stefan Dercon, the former chief economist at the U.K. Department of International Development and current Professor of Economic Policy at the Blavatnik School of Government, as well as Devex Managing Editor Anna Gawel.

Welcome to 2024, and thanks for tuning in!

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The United Nations climate change conference in Dubai, or COP 28, was a big moment for food systems. For the first time, COP included a day dedicated to food and agriculture, which many see as an important signal that silos between climate and food policy are starting to break down.

Still, less than 5% of climate finance is invested in food systems, despite the massive need for financial support for priorities such as regenerative agriculture, reducing food loss and waste, and sustainable livestock management, says Ertharin Cousin, former head of the World Food Programme, in this episode of Devex’s Climate + podcast.

“Ensuring that we are part of the finance dialogue is as critical as ensuring that we are part of the substantive dialogue around the actions,” Cousin said.

It’s an urgent challenge, considering existing — and increasing — levels of food insecurity, and what a changing climate likely means for those unserved by the existing food system, says Ismahane Elouafi, chief scientist at the Food and Agriculture Organization.

“It’s broken because it’s not nourishing us. It’s broken because it’s part of the climate crisis … and it’s broken because we haven’t been able to use agriculture, really, to uplift people from poverty,” Elouafi said.

The Climate + podcast is supported by the World Bank.

The annual United Nations climate conferences, or COPs, have become much more than just a forum for technical and political negotiations. They’re also a convening space for representatives from the likes of civil society, academia, and the private sector. Corporations now have an increasingly significant role to play in shaping the climate conversation and — crucially — in ensuring their own operations are environmentally sustainable.

For a global technology company like Microsoft, being present at COP is important not just because of the potential tools and solutions the company can offer, but also due to the implications of climate change for its business and operations, said Melanie Nakagawa, Microsoft’s Chief Sustainability Officer.

Joining the Climate + podcast from COP28 in Dubai, Nakagawa shared Microsoft's priorities around investing in carbon removal, using artificial intelligence to accelerate progress on sustainability, and improving sustainability reporting mechanisms and governance. “We want to make sure corporations are stepping up and doing what they can do to rapidly reduce emissions, and… to remove what they can't,” Nakagawa said.

The Climate + podcast is supported by the World Bank. To learn more about efforts to end poverty on a livable planet, check out the link.

The Paris Climate Agreement, established at COP 21 in 2015, calls for leaders and institutions across society to work towards reducing their carbon emissions with the aim of reaching net zero by 2050. Multilateral development banks, or MDBs, which have a critical role to play in the climate finance landscape, are in the process of figuring out what it means to deliver on their commitment to “Paris alignment”.

“Delivery means really, for us, implementing what we have committed to do and working with the countries in which we invest in order to accompany them in this green transition,” said Odile Renaud-Basso, President of the European Bank for Reconstruction and Development, in the latest episode of the Climate + podcast. EBRD aims for 50% of its investments to be in support of the green transition by 2025, she added.

Renaud-Basso joined Devex senior reporter Adva Saldinger to delve deeper into EBRD’s climate priorities, the bank’s approach and timeline for phasing out investments in fossil fuels, what MDBs can do to mobilize more private capital for climate investments, and how MDBs can work better together to support countries with their climate goals.

This podcast episode was recorded with a live online audience as part of Devex’s wider Climate + event programming at COP 28.

The Climate + podcast is supported by the World Bank. To learn more about efforts to end poverty on a livable planet, check out the link.

Last week we traveled to Dubai to attend the 28th United Nations Climate Change Conference, or COP 28, where apart from hosting our event on the sidelines of the main conference, we also reported on the negotiations taking place. We look back at the main takeaways from COP 28, including the pledges made by philanthropic organizations, and contemplate whether the commitments made by countries will be followed through.

While it is recognized that issues related to health, food, and energy are interconnected and linked to climate change, this understanding needs to be included within policies and future development strategies, experts tell us.

Following USAID’s announcement of the 14 measures it will use to track its target of having half of its projects be locally led by 2030, we debate whether it will successfully drive meaningful change, or just lead to tokenistic box-check efforts to localize. We also reported on the ongoing leadership crisis World Food Programme chief Cindy McCain is facing over the conflict in Gaza.

To dig into these stories and key takeaways from COP 28, Devex President and Editor-in-Chief Raj Kumar sits down with Larry Cooley, the president emeritus and senior adviser at Management Systems International, as well as GiveDirectly Vice President of Partnerships Yolande Wright, for the latest episode of our This Week in Global Development podcast.

This is the final episode of the year. We will resume the podcast series in January. Thanks for listening!

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The United Nations climate conference, or COP 28, kicked off with a great deal of optimism as the loss and damage fund was established and countries made their first pledges to contribute. However, concerns remain on whether money channeled through the scheme will really reach its intended recipients.

An alternative model to this is the one utilized by GiveDirectly, the U.K. charity that provides direct cash transfers to vulnerable households. To find out more about the organization — including how they might help people in areas prone to climate disasters — Devex Executive Vice President and Executive Editor Kate Warren sat down with GiveDirectly’s vice president for partnerships, Yolande Wright, for this episode of the Climate + podcast.

During the conversation, Wright highlights the effectiveness of lump sum cash transfers in helping households build resilience to climate change by investing in livelihoods and improving homes, as well as their ability to address systemic issues — such as infrastructure and gender equality — to support long-term sustainable development.

They also dug into the importance of having access to good data and how the rise of artificial intelligence will enable cash transfer targeting to become more efficient.

“I think there’s been a tendency of development experts to spend a long time designing and consulting on programs and deciding how best donor money should be spent,” Wright points out during the conversation. She argues that people facing the challenges of climate change in the global south “are best placed to make their own decisions about how they invest their money.”

The Climate + podcast is supported by the World Bank. To learn more about efforts to end poverty on a livable planet, check out the link:

https://www.worldbank.org/en/programs/the-world-bank-at-cop28

For too long, Indigenous peoples were sidelined from the climate negotiations process, despite being among the most directly affected by climate change. That changed at COP 26 in Glasgow, when for the first time in the history of the UN climate conferences, indigenous representatives were invited to engage directly and share experiences with governments.

Indigenous leaders, however, argue that there is still a long way to go towards having their rights sufficiently recognized. “We see that at least we have some spaces that we occupy, and mechanisms which allow better participation, but we still have to do much more at the national levels,” said Victoria Tauli-Corpuz, former United Nations Special Rapporteur on the Rights of Indigenous Peoples, in the latest episode of Climate +.

Tauli-Corpuz said she and other Indigenous representatives are calling for Indigenous peoples’ rights, territories, and knowledge to be recognized in countries’ national climate mitigation plans (known as nationally determined contributions, or NDCs).

Tauli-Corpuz, who is a member of the Kankanaey Igorot people of the Cordillera Region in the Philippines, also shared her own experiences of being targeted by the government as an environmental defender, why direct access to climate finance is still a pain point for Indigenous communities, and what needs to happen to safeguard Indigenous peoples’ rights in the face of the renewable energy transition.

The Climate + podcast is supported by the World Bank. To learn more about efforts to end poverty on a livable planet, visit: https://www.worldbank.org/en/programs/the-world-bank-at-cop28