euan ritchie Profile
euan ritchie

@euanritchie

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Senior Development Finance Policy Advisor at Development Initiatives. Views my own, on the rare occasion I express any

Bristol
Joined September 2011
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@euanritchie
euan ritchie
11 months
RT @pseudoerasmus: I often see invoked the late economic historian Nick Craft's book to support the view that the policy changes of the 198….
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@euanritchie
euan ritchie
1 year
On the other hand, if you started with £40 around the time of the dinosaurs you'd need to average a mere 0.00003% return to end up with 31.2 billion. Don't know what rates were like in the Jurassic period (don't think even Piketty went back that far) but it sounds modest.
@doug_parr
Doug Parr
1 year
Shell & BP have made £31.2bn profits over the last year. If you were saving £40 per month, you'd have to have started around the time the dinosaurs were killed off to save that much.
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@euanritchie
euan ritchie
1 year
RT @devinitorg: Thanks @vchadw for featuring the latest report from @euanritchie, which highlights problems with #ClimateFinance reporting….
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devex.com
The scoop on Brazil’s plans for its G20 presidency, and what counts as climate finance.
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@euanritchie
euan ritchie
1 year
RT @Labour4PR: The most disproportionate election in British history #GE2024. PROVISIONAL RESULT. 🔴 Labour: 34% votes = 63% seats.🔵 Tory: 2….
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@euanritchie
euan ritchie
1 year
Really looking forward to being part of this panel at #LCAW2024, with other speakers far more knowledgeable than I. I'll be talking about @devinitorg's new work on lack of consistency in climate finance reporting, and modest recommendations that could move us in right direction.
@devinitorg
Development Initiatives (DI)
1 year
Save the date! The #UNFCCC will adopt a new #ClimateFinance goal at #COP29, but what should count towards the target? And who decides?. 📢 Webinar and Q&A with leading experts.🗓️ 26 June / 12:30 - 14:00 BST.🔗Register: #LCAW2024
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@euanritchie
euan ritchie
1 year
RT @CAN_UK_: It’s time for the #G7 to #PayUp for climate finance. We didn’t get progress this week in Bonn at #SB60, so we need real actio….
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bond.org.uk
Without money on the table or willingness to act on the agreements already made, the path to an ambitious new climate finance goal at COP29 in Azerbaijan remains unclear.
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@euanritchie
euan ritchie
1 year
RT @Josh_Gabbatiss: At the heart of the #SB60 climate talks in Bonn is a big document that everyone hopes will form the basis for a new goa….
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@euanritchie
euan ritchie
1 year
5) this all ignores some very questionable reporting practices. A forthcoming @devinitorg report will investigate this further and give some (hopefully) useful recommendations. .
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@euanritchie
euan ritchie
1 year
4) reasonable to exclude Ukraine, but this does also exclude around $400m of climate finance. It may seem surprising that some countries have claimed that aid to Ukraine's energy sector has a "principal" climate focus, but there we are. And obviously. .
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@euanritchie
euan ritchie
1 year
3) there is a timing issue: much of what is counted as "2022" in UNFCCC data won't be 2022 in OECD data because what counts as a "commitment" is different. At least $1.2bn of GER's CF from *2019* is still not in the CRS, so it's hard to directly compare years. Finally,.
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@euanritchie
euan ritchie
1 year
2) Looks like Japan accounts for at least half the increase in bilateral climate finance commitments, and Japan was obviously less impacted by the Ukraine crisis. (Although, Japan's climate finance certainly has issues. . But also. .
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@euanritchie
euan ritchie
1 year
1) Great thread on the new @OECD climate report finding that $100bn has been passed. @EconMitch is right that it is weird that bilateral climate finance increased despite ODA falling in 2022 (excl. refugees and Ukraine). A few nerdy caveats though:.
@EconMitch
Ian Mitchell
1 year
2. What's remarkable is that - excluding refugees and Ukraine - aid (ODA) actually fell in 2022 - but climate finance rose by 29%. Least Developed Countries got more climate finance; but OECD confirm LDC aid fell by 6% in the same year
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@euanritchie
euan ritchie
1 year
RT @leecrawfurd: Does lead, even at low levels, really reduce IQ? @StuartJRitchie & @TomChivers are sceptical: But….
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thestudiesshowpod.com
Listen now | 824,097,690 IQ points lost!
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@euanritchie
euan ritchie
1 year
RT @EconMitch: Climate Finance: Are we spending blind?. $73bn of public money is spent on international climate finance - but we know littl….
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@euanritchie
euan ritchie
1 year
(At the margin there is a question around whether the UK is overestimating, or inadvertently counting some costs beyond 1yr so breaking a rule. But fundamentally the DAC rules allow this and *that* is the problem).
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@euanritchie
euan ritchie
1 year
. Strange comments from the OECD DAC in this @Rob_Merrick article. True, the UK does not have to count all the hotel costs for refugees as ODA. But it doesn't speak well of the rules if those that set them are criticizing countries for following them.
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devex.com
A top official has been strongly criticized for insisting the U.K. is required to spend billions of pounds of aid on hosting asylum seekers — when DAC rules say the opposite.
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@euanritchie
euan ritchie
1 year
“What is climate finance? Dunno. But we’re definitely providing 100bn of it”. @martgbek and I explore the resistance among providers of climate finance to agree on how to measure it, and what Charles Goodhart might have to say about the controversy.
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@euanritchie
euan ritchie
1 year
Good analysis of the euphemism-laden @OECDdev mid-term peer review of UK ODA. The review finding that . "Further work is needed to fully seize the opportunities of an integrated ministry" . is certainly one way of putting it.
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bond.org.uk
the most recent OECD-DAC review of the UK’s performance illustrates the problems with donors essentially marking their own homework, which reinforces calls for radically reforming this body and...
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@euanritchie
euan ritchie
1 year
RT @susannahhares: That the IFC (& @BillGates @ImaginableFut) refuse to pay compensation to victims of sexual abuse by their teachers is de….
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