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Who decides what is ‘green’ enough to be ‘green’?

By Stephanie Garciduenas Nieto / Debt and Green Transition blog series

As the preferred ‘green’ financial instrument to fund the green transition, Green Bonds (GB) have become leaders of the market, with S&P Global forecasting a 1$ trillion issuance for 2023 alone. Nonetheless, the green bond market continues to face criticism about greenwashing, lack of a common green definition for projects, transparency, and metrics to define what is ‘green’. Hence, there are key questions to ask about the way in which a bond becomes ‘green’, such as how a bond obtains its green label or certification and who can wield the power to assert the qualifying title.

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Friends, foes, or frenemies? Reflecting on the Varieties of Development Studies and relations with Economics

By Andy Sumner

At the recent EADI meeting in Budapest I reflected on the relationship between Development Studies and Economics, which has been a topic of debate among scholars for many, many years. While both share a common goal of addressing issues important to development, they often approach these issues from very different angles. Some argue that Development Studies and Economics can work together as friends, complementing each other’s strengths. Others believe that they are foes, with different worldviews and approaches that are irreconcilable. A third perspective suggests that they are frenemies, engaging in a love-hate relationship.

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