EconographicsNov 11, 2022
The target of limiting global warming to less than 1.5 degrees is practically dead. Why do emissions per capita matter?
By Amin Mohseni-Cheraghlou
Achieving the target to limit global warming to below 2, preferably 1.5 degrees Celsius, by the end of the century seems more unfeasible than ever. The reason is simple. The most critical of greenhouse gases have continuously risen in the past decade and CO2 emissions are only expected to grow more in 2022 and for the foreseeable future. COP27 needs to pave the path for a renewed international cooperative and enforceable framework to reduce global greenhouse gas emissions by the world’s top emitters both in absolute terms and in per capita terms.
EconographicsOct 31, 2022
The global infrastructure financing gap: Where sovereign wealth funds and pension funds can play a role
By Amin Mohseni-Cheraghlou and Naomi Aladekoba
Having more than $65 trillion in assets, institutional investors such as SWFs and pension funds are uniquely positioned to bridge low-income economies’ infrastructure financing gap in the coming decades. The Bretton Woods Institutions (BWI) can encourage investment in developing countries’ infrastructure through providing various guarantee and insurance mechanisms, thereby reducing risk for private investors.
Amin Mohseni-Cheraghlou is the macroeconomist with the GeoEconomics Center and an assistant professor of Economics at the American University in Washington, DC. He leads GeoEconomics Center’s Bretton Woods 2.0 Project. Previously he served as a research economist and consultant in different departments of the World Bank between 2007 and 2020. Most noticeably, he was part of the core team at the World Bank working on several rounds and updates of Bank Regulation and Supervision Survey, Global Financial Development Report, and leading the development of Global Financial Development Database.
Amin’s areas of expertise are development macroeconomics, energy economics, economies of the Middle East and North Africa (MENA), and international political economy with a focus on China and the MENA region. He holds a Ph.D. in Economics, an M.A. in International Development, and a B.S. in Electrical Engineering. He is fluent in Farsi, Turkish, and has a working knowledge of Arabic. Amin, his wife, and their three children live in Maryland.