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Policy Briefs

Mainstreaming Climate Change into Financial Governance: Rationale and Entry Points

June 17, 2015
Fixing Climate Governance Policy Brief No. 5
Sáni Zou, Romain Morel, Thomas Spencer, Ian Cochran, and Michel Colombier
Today, the financial sector is exposed to the physical risks associated with climate change and the impact of climate policies. Securing global financial and economic stability and scaling up low-carbon, climate-resilient investments are not conflicting, but rather mutually reinforcing, objectives.

Prioritizing International Monetary and Financial Cooperation for the G20: Views from the T20

June 12, 2015
CIGI Policy Brief No. 63
This policy brief is a stock-taking of the proceedings of the Think 20 conference held in Ottawa on May 3–5, 2015, and co-hosted by the Centre for International Governance Innovation and The Economic Policy Research Foundation of Turkey. The meeting involved representatives of think tanks from G20 countries, leading international experts and a number of senior officials.

CIGI Graduate Fellows Policy Brief Series

Wednesday, June 10, 2015

The CIGI Graduate Fellows program at the Balsillie School of International Affairs provides students with mentorship opportunities from senior scholars and policy makers. The program consists of research assistantships, policy brief writing workshops, interactive learning sessions with senior experts from CIGI and publication opportunities. Working under the direction of a project leader, graduate fellows conduct research in one of CIGI’s program areas. This series presents those policy briefs that have met CIGI’s publications standards.

Putting Air Defense Identification Zones on the Radar

June 10, 2015
CIGI Graduate Fellows Policy Brief No. 1
Joëlle Charbonneau, Katie Heelis, and Jinelle Piereder
Air Defense Identification Zones (ADIZs) recently became contentious when China announced an ADIZ over the East China Sea, and much of the current research, information and commentary on these zones are outdated or incorrect. There are common misconceptions about the number of countries currently operating ADIZs, the specific procedures involved and the political and security implications of ADIZs.

The Challenges of Counting Climate Change Risks in Financial Markets

June 9, 2015
Policy Brief No. 62
Climate change has been identified in recent years as an investment risk, yet existing financial reporting standards do not adequately measure and communicate these risks to investors. A climate change risk disclosure regime has emerged in response, defined by a range of voluntary, regulatory and accounting governance initiatives. In spite of its promise, this nascent regime is highly fragmented and lacks coordination and enforcement. This policy brief describes the background for the climate change risk disclosure regime and the challenges that limit its effectiveness, and presents several policy recommendations to improve its capacity to measure and communicate climate change risks.

Focus Less on Collective Action, More on Delayed Benefits and Concentrated Opponents

June 4, 2015
Fixing Climate Governance Policy Brief No. 4
Edward A. (Ted) Parson
Effective climate change responses have been impeded by focusing too much on the collective-action nature of the problem, relative to other obstacles — delayed benefits and concentrated opponents — that are more important and imply different priorities for action. This policy brief sketches several specific approaches to addressing these challenges, which can be pursued nationally or internationally and which hold greater prospect of success than the present approach.

Six Ways to Make Climate Negotiations More Effective

June 2, 2015
Fixing Climate Governance Policy Brief No. 3
Pamela Chasek, Lynn Wagner, and I. William Zartman
For well over two decades the Conference of the Parties (COP) to the United Nations Framework Convention on Climate Change (UNFCCC) has been unable to agree on a legally binding climate agreement. This policy brief argues that it may be necessary to change how the UFCCC’s working protocols function and proposes a different process in which all parties can be heard, while ensuring fair and effective agreements in the common interest also have a greater chance of adoption.

Mexican Perspectives on Sovereign Debt Management and Restructuring

May 27, 2015
CIGI Policy Brief No. 61
On April 22, 2015, CIGI’s Global Economy Program co-hosted a workshop with the Mexican Council on Foreign Relations to discuss Mexican perspectives on sovereign debt restructuring. Taking place in Mexico City, the workshop featured expert participants from the public and private sectors, as well as think tanks and academia. This policy brief reviews and elaborates on key themes from the discussions.

It's Not Over until It's Over: The Case for an Eleventh-hour Push to Save IMF Reform

May 20, 2015
CIGI Policy Brief No. 60
In April 2015, the Group of Twenty (G20) and the International Monetary and Finance Committee, the steering committee of the International Monetary Fund (IMF), directed the Fund’s executive board to decide on “interim” measures that would achieve at least some of the quota and governance reform goals agreed in 2010 at the Seoul G20 Summit.

Conducting Global Climate Change Negotiations

May 14, 2015
Harnessing the Power of Process
Kai Monheim
Process itself--over and above the issues at stake--is a key determinant of negotiation success across all levels of climate change negotiation groups in the United Nations Framework Convention on Climate Change (UNFCCC). The author offers six axioms for chairs of negotiation groups that may lead to finding common ground and avoiding deadlocks.
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