There’s no good time to return to pre-pandemic unemployment insurance system

For American workers, Labor Day this year brings both reasons to celebrate and reasons to be wary. The labor market recovery from the recession caused by the COVID-19 pandemic has been strong, but it remains incomplete and unevenly distributed. Job openings are plentiful, but economic shifts have complicated returning to work for many people, who also face continued public health concerns and ongoing caregiving challenges. 

On top of that uneven recovery, the federal emergency unemployment insurance (UI) benefits enacted in response to COVID-19 are due to expire this Labor Day weekend, on Sept. 6. With continued uncertainty around

Read more

The good, the bad and the urgent with climate finance in 2020

Multilateral development banks (MDBs) play an important role in financing developing countries’ efforts to reduce emissions and protect against the effects of climate change, and 2020 was a critical waypoint for MDB climate finance. For one, it marked the due date for the climate finance targets many MDBs set in 2015. 2020 was also the year by which developed countries committed to mobilize $100 billion per year in climate finance for developing countries, with many developed countries channeling a significant share through MDBs.

Unfortunately, MDB climate finance for developing countries fell by almost 5 percent in 2020 compared to 2019

Read more