Global Cooperation through Carbon Markets Could Cut Climate Mitigation Costs Dramatically: New World Bank Report

101 Countries Consider Carbon Pricing as Part of their Paris Agreement Commitments9781464810015-pdf

HANOI, Vietnam, October 18—Greater cooperation through carbon trading could reduce the cost of climate change mitigation by 32 percent by 2030, according to a new World Bank report released today at an international carbon event in Vietnam.

New modelling analysis undertaken for the State and Trends of Carbon Pricing 2016 report shows that increased international carbon trading could enable large-scale emissions reductions at much lower cost than at present, based on the carbon mitigation goals spelled out in countries’ national climate plans under the Paris Agreement — the Nationally Determined Contributions, or NDCs.  By the middle of the century, an international market has the potential to reduce global mitigation costs by more than 50 percent.

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World Bank Pledges $2 Billion to Bangladesh for Climate Smart Growth

President Kim Says Funds Will Further Increase Resilience to Climate Changewebsite-graphic_carousel-green

DHAKA, October 18, 2016—World Bank Group President Jim Yong Kim, concluding a two-day trip to Bangladesh focused on the country’s successes in reducing extreme poverty, pledged $2 billion over the next three years in new funding to help the country become less vulnerable to climate change.

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Article: How Can We Finance the Resilient Cities of the Future?

Article published by the World Bank  on October 12, 2016.

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STORY HIGHLIGHTS
  • By 2030, without efforts to boost urban resilience, climate change may push up to 77 million more urban residents into poverty.
  • The world has a brief window of opportunity to make cities more resilient, but it will take a significant amount of funding—especially for developing countries.
  • A new report discusses the challenges and opportunities of unlocking investment in resilient infrastructure for improved urban livelihoods worldwide.

World Bank-IMF Annual Meetings 2016 Development Committee Communiqué

Press Release; October 8th, 2016

1. The Development Committee met today, October 8, in Washington, D.C.

2. Global economic growth remains sluggish in 2016, with only a modest pick-up expected in 2017. Demand has remained soft despite highly stimulative monetary policies, foreign direct investment to developing countries has decreased, commodity exporters are adjusting to declines in exports, and wider geopolitical and economic uncertainties are weighing on confidence. We call on the World Bank Group (WBG) and the International Monetary Fund (IMF) to work jointly with countries to enhance synergy among monetary, fiscal and structural reform policies, stimulate growth, create jobs, and strengthen the gains from multilateralism for all.

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Recap: Annual Meetings 2016

This year’s World Bank/IMF Annual Meetings focused on issues of multilateralism, addressing inequality, focusing on early childhood development, improving opportunities in fragile situations, and finding new ways to leverage private financing for development. Catch up on what you may have missed. Watch replays and read our event recaps

Top Blog posts recap

World Bank Live replays

New Health Care Model Launches in Nigeria to Improve Women and Children’s Health

STORY HIGHLIGHTS

  • The Government of Nigeria is using the Program for Results (PforR) approach to inng-new-health-care-model-launches-in-nigeria-to-improve-women-and-childrens-health-homepage-780x439.jpgcentivize states to improve the coverage and quality of maternal and child health services.
  • The country’s health care sector is shifting from funding inputs such as drugs, commodities, and health workers, to paying for results and improved health outcomes for beneficiaries.
  • The hope is that the PforR model will help save lives and increase transparency in management and budgeting for primary healthcare.

 

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IFC and SCOPEinsight sign agreement to promote global professionalism in agribusiness

WASHINGTON, SEPTEMBER 29, 2016 – SCOPEinsight, the leading provider of assessment and analysis tools that measure the level of professionalism of scope-insigntfarmers, has signed a cooperation agreement with the International Finance Corporation (IFC), a member of the World Bank Group and the largest global development institution focused on the private sector in emerging markets, to promote global professionalism in agribusiness through use of the SCOPE tools. Through this partnership, IFC will support SCOPEinsight to develop its internal capabilities and promote the SCOPE assessment tools in its advisory engagements with agribusiness clients.

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Statistics Netherlands (CBS) starts unique initiative for Big Data research

cbsWith the launch of a Center for Big Data Statistics (CBDS), CBS is initiating cooperation of an unprecedented scale in the field of Big Data. The CBDS involves national and international parties from government, the business world, science and education all
working together in the area of Big Data technology and methodology for the production of official statistics. The CBDS is launched officially on 27 September 2016.

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Statement by World Bank Group President Jim Yong Kim on Appointment to a Second Five-Year Term

WASHINGTON, September 27, 2016 – World Bank Group President Jim Yong Kim today jyk-curtain-sm2015-large_0issued the following statement upon being appointed by the Bank’s Board of Executive Directors to a second five-year term, beginning July 1, 2017:

“I am humbled to have the honor of serving a second term as the head of this great institution. I am grateful to our Board for giving me the opportunity to continue building on our successes.

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