Just and Green Development in the Global South

Just and Green Development in the Global South

As the climate crisis accelerates, growing debt burdens and high cost of capital are fatally constraining needed investment in the most vulnerable countries on Earth. At the same time, South-South financial flows are growing in degree and complexity, while newly sharpened geoeconomic competition has increased risks and upside for developing countries well endowed with resources critical to the electrified future. Our half-day symposium brings together a diverse group of experts and policymakers from financial institutions, multilateral organizations, and civil society groups from across the world for a discussions of the challenges and opportunities around two questions key to this conjuncture: the strategic deployment of public assets, and the creation and capture of value from critical mineral extraction. Event Program 9:00–9:30am – Arrival and coffee/pastries 9:30–9:40am – Opening remarks 9:40–10:40am – Panel 1: Leveraging Public Assets for South-Led Green Growth 10:40–10:50am – Break 10:50–11:50am – Panel 2: Creating and Capturing Value from Critical Mineral Extraction 11:50am–12:00pm – Closing remarks 12:00–1:00pm – Light reception Panel Descriptions Panel 1: Leveraging Public Assets for South-Led Green Growth Since 2024, developing nations have paid more in debt service to official and private lenders than they have received in financing. This makes it functionally impossible for many countries to invest sufficiently in the energy and infrastructure transitions on which the sustainability of global industrial civilization depends. At the same time, a growing set of sovereign development funds, national development banks, and other public financial institutions across the Global South have adopted new strategies to mobilize public and private resources in service of increasingly muscular industrial policy agendas. This panel will bring together leading experts for a discussion of strategies to leverage public assets to advance nationally determined green development objectives in low and middle income countries. Speakers include Pep Bardouille of the Bridgetown Initiative, Raphael Stein of the Brazilian Development Bank BNDES, Laura Carvalho of the University of São Paulo and Open Society Foundations, and more to be announced. Panel 2: Creating and Capturing Value from Critical Mineral Extraction This panel will explore opportunities for producer countries to translate transition-critical mineral extraction into long-term development outcomes. The panel will bring together a diverse group of technical experts specializing in extractive sector taxation, mining project development, energy transition supply chains, and economic diversification for an in-depth and critical discussion of the potential of and tradeoffs between extractive sector taxation and minerals-based industrial policies. Speakers include Thomas Lassourd of the International Institute for Sustainable Development, Clarkson Kamurai of the Colorado School of Mines, Rosana Santos of Instituto E+, and Gilberto Garcia of Datawheel/OEC.