In FY2017, the WBG provided over $12 billion in financing for climate-related projects. Some results from our work include:
- In Vietnam, the World Bank has assisted the city of Can Tho to become more climate resilient and promote sustainable urbanization and transport corridors. An investment of US$ 250 million from the Bank and US$ 10 million from the Swiss Development Agency (SECO) is implemented across six development sectors to increase the city’s physical, financial and social resilience to adverse events. One of the activities involves combining a transport link and an embankment, which has multiple benefits including reducing water displacement and flooding in the Mekong Delta.
- In Uruguay, the Sustainable Management of Natural Resources and Climate Change (DACC) project is supporting sustainable intensification through a number of initiatives including the establishment of an Agricultural Information and Decision Support System (SNIA) and the preparation of soil management plans. Since 2014, climate-smart agriculture has been adopted on 2,946,000 hectares, providing for a carbon sequestration potential of up to 9 million tons CO2 annually.
- In Niger, the Climate-Smart Agriculture (CSA) Support project aims to benefit 500,000 farmers and agro pastoralists in 44 communes. It will increase distribution and use of improved, drought-tolerant seeds, and increase the number of farmers using irrigation.
- In Tanzania, with World Bank support, Dar es Salaam launched the Rapid Transit (DART) system, the first true Bus Rapid Transit system (BRT) in East Africa. The removal of the informal Dala dala minibuses along the BRT corridor is significantly reducing emissions. In addition, the project includes high quality cycle tracks, footpaths, and pedestrian crossings, and will save the Tanzanian economy billions of shillings lost daily in the jams and provide relief to at least 300,000 commuters.
- In Morocco, the Bank Group is supporting the government’s National Irrigation Savings Program, with a new $150 million commitment, which builds on $500 million of prior commitments. It will help poor and vulnerable farmers with more efficient irrigation technologies so they can cope with variability in water supply.
- In The Philippines, the Bank Group is providing a $208 million commitment to improve flood management in selected areas of Metro Manila through constructing new and modernizing existing pumping stations, and improving solid waste management.
- In Mozambique, earlier this year, the World Bank approved a $47-million project aimed in investing in the livelihoods of thousands of small and medium landholders, improving the sustainability of activities that can impact forests, including the production of timber, charcoal and agricultural crops.
- In Ethiopia, the World Bank recently approved $18 million grant to support a sustainable landscape program that spans Ethiopia’s Oromia region with a population over 30 million people. This funding will go towards improving sustainable forestry and land use planning at the state and local levels, increased work on forest-smart policies, technical training and a state-wide information campaign on how land is used.
- In China, the Shandong Ecological Afforestation Project planted trees on 66,915 hectares of barren mountainous slopes and saline coastal areas, increasing forest cover, reducing soil erosion, and improving the environment and biodiversity. The project contributed to the sequestration of the equivalent of 12 million metric tons of CO² over the project’s six-year lifetime.