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Opinion / #financing
After developing country governments invested hundreds of millions of dollars, CASA-1000 in Central Asia has effectively failed before transferring a single watt of energy. The international institutions that conceived, financed and promoted it must be held accountable.
As Asean's 2026 chair, the Philippines must align climate plans, investment incentives and measurable outcomes to turn ambition into bankable projects.
As aid flows decline, more countries are articulating a new vision in which health financing would build on national resources, answer to domestic priorities, and remain accountable to their own citizens. Such a change is long overdue, and it can be achieved by pursuing reforms in three areas.
For the first time, a great power has moved to price transboundary climate-driven harms–massive wildfires–and extract compensation unilaterally. What was previously a development, insurance, or emissions-accounting issue is now a security and trade dispute between two G7 economies, setting a precedent that others may try to follow.
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