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Event Summary: CCS-Nexus25-ICRC World Bank and IMF Spring Meetings Side Event
On April 18, 2024, Nexus25, the Center for Climate and Security (CCS), and the International Committee of the Red Cross (ICRC) hosted the third annual roundtable on the sidelines of the World Bank and International Monetary Fund (IMF) Spring Meetings.
The event brought together leaders from government, international financial institutions (IFIs), civil society, and multilateral organizations. After hearing opening “pitches” on climate finance innovations and best practices, participants discussed how to build the case for investments in fragile, conflict affected, and vulnerable (FCV) settings, operationalize policy frameworks like the Declaration on Relief, Recovery and Peace, and support nexus thinking in IFIs.
A summary of the Nexus25 side event “Climate Finance, FCV Settings and Future-Fit Food Systems” can be found on the website here.
For more information on the project, please reach out to CCS’ Nexus25 staff (Erin Sikorsky and Siena Cicarelli), or contact the full team at info@nexus25.org.
The Elephant in the Climate Room: Financing Sustainable Security and Supporting Future-Fit Systems
By Siena Cicarelli, Erin Sikorsky and Michael Werz
Every year, leaders of the International Monetary Fund (IMF) and World Bank – as well as key stakeholders from civil society, the private sector and regional financial bodies – gather to assess the landscape of international development finance. This year, they will do so against the backdrop of a complex geopolitical landscape, where one of the most consequential election years in human history, continued conflict in Ukraine and Gaza, and increasingly frequent extreme weather events have divided multilateral bodies and strained the funding landscape.
While this year’s agenda will cover everything from water security to streamlining taxation, one key challenge will dominate discussions: the staggering costs of the green transition and how these relatively inflexible financial institutions can evolve to support global climate adaptation, mitigation and resilience building – particularly in fragile, conflict-affected and violent situations (FCV). As seen at 28th UN climate conference (COP28) and the 2024 World Bank Fragility Forum, most stakeholders recognize that existing efforts are falling short and are eager to move from admiring the problem to identifying tangible steps and best practices needed to address this challenge.
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Reshaping Multilateralism Episode 1: The View from the Munich Security Conference
On March 28, the Nexus25 project released its first full episode of Reshaping Multilateralism, a podcast at the climate-insecurity-migration nexus. Episode 1, “The View from MSC: Sustainable Security in a Hot and Hungry World,” takes listeners inside the Munich Security Conference where, in a period of renewed Israel-Palestine conflict, Russia’s war in Ukraine, and debates over the China challenge, this year’s attendees attempted to broker agreements on the security implications of climate change – and how to build more resilient societies, militaries and food systems in response.
Nexus25 co-lead Dr. Michael Werz, World Food Programme Berlin Director Dr. Martin Frick, and Sudanese climate activist Nisreen Elsaim offered their reflections on MSC2024, the current state of global food security, and what to keep an eye on in the multilateral space this spring.
“Reshaping Multilateralism” is a production of the Nexus25 project, a joint Istituto Affari Internazionali / Center for Climate and Security initiative funded by Stiftung Mercator in Germany and produced in partnership with storielibere.fm. Subscribe via your favorite podcast platform, visit www.nexus25.org, and stay tuned for insider analysis from global experts on global security, climate security, climate finance, the future of multilateralism, and more.
Climate Change, Insecurity, and Migration: A Closer Look at India
By Baisali Mohanty, Thin Lei Win, Siena Cicarelli, and Michael Werz
India presents a key case of the interplay between geopolitics and challenges at the climate-insecurity-migration nexus. As the world’s most populous nation grapples with a complex political environment, its urgent struggle to balance economic development and poverty reduction with climate action has implications for both its 1.4+ billion population and the broader South Asian region.
This new Nexus25 project brief analyzes current challenges in India, identifies critical policy gaps in both domestic and foreign policy, and makes recommendations for improving multilateral governance throughout the South and Southeast Asian region.
These areas of opportunity include:
- Leveraging political willpower to strengthen domestic architecture;
- Developing regional and transnational policy making platforms to effectively address the climate-migration-insecurity nexus;
- Building institutional capacity with adequate coordination mechanisms; and
- Ensuring adequate climate finance.