World Bank Group Presents New Fund for Lowering Emissions; SCALE

SHARM-EL-SHEIKH, November 8, 2022 — Today the World Bank announced a new multi-partner fund that will pool funding from the global community — including donor countries, the private sector and foundations — for scalable pathways to greenhouse gas emission reduction. The Scaling Climate Action by Lowering Emissions (SCALE) partnership will provide grants for verifiable emissions reductions and expand the funding sources for global public goods.

Climate finance needs major new mechanisms that pool funding from the global community to accomplish actual reductions in greenhouse gas emissions across the developing world. SCALE offers a key non-fragmented avenue for the global community to take action on climate change,” said David Malpass, President of the World Bank Group. “The verifiable emission reductions created by SCALE and similar mechanisms will also be an important step toward building effective carbon credit markets.”

SCALE will deploy Results-Based Climate Finance where countries receive grant payments for achieving pre-agreed, verifiable results, drawing on twenty years of World Bank Group experience in this area.

SCALE will support countries to build a track record of generating emission reductions from impactful programs and policies that they can apply toward their national emission reduction targets. SCALE will also yield excess credits that can be offered in carbon markets with the potential to unlock additional private sector funding.

SCALE will pool public and private resources to (i) channel additional funding to middle and low-income countries’ emission reduction programs; (ii) help bridge the gap between the supply of and demand for high-quality emission reduction credits by supporting large-scale climate investments; and (iii) help countries develop high integrity credits and enhance their access to international carbon markets.

Social inclusion is embedded in the design of all SCALE programs. An associated fund within the SCALE umbrella – Enabling Access to Benefits while Lowering Emissions (EnABLE) – enhances the inclusion of marginalized communities and indigenous peoples in programs under the partnership through specially designed benefit sharing arrangements.

 
PRESS RELEASE NO: 2023/029/CCG

 

 

 

 

New Dashboard to Track Food and Nutrition Security and Global Response

WASHINGTON/BERLIN, November 9, 2022 —The Global Alliance for Food Security (GAFS), jointly convened by the German Group of Seven (G7) Presidency and the World Bank Group, today launched the Global Food and Nutrition Security Dashboard as a key tool to fast-track a rapid response to the unfolding global food security crisis. Following a multi-stakeholder consultative process, the Dashboard is designed to consolidate and present up-to-date data on food crisis severity, track global food security financing, and make available global and country-level research and analysis to improve coordination of the policy and financial response to the crisis.


It will bring together disparate and vast information on food security into one place, to help reduce transaction costs, improve transparency, and strengthen analysis. It can also help speed up financing by highlighting funding needs and gaps. The goal is to inform a coordinated global food crisis response while also helping to advance medium to long-term food security interventions.

A global hunger crisis is being exacerbated largely by violent conflict, increasingly extreme weather events, and record high food prices. Quality data and transparent reporting have the potential to boost food and nutrition security – enhancing global cooperation and enabling the development of sound national policies.

The development of the dashboard is an example for the strength and innovative power we can achieve when we join forces globally. It has become possible thanks to the excellent cooperation between many organizations and partner countries and the World Bank Group,” said Svenja Schulze, German Federal Minister for Economic Cooperation and Development, “The comprehensive data presented in the dashboard is key for a swift and coordinated political response to guarantee food security for countries and people. In order to get the food to where it is most needed, we need to get the necessary information to where they can be used most quickly and efficiently.”

The Dashboard will also help facilitate and disseminate forward-looking research and generate new knowledge on topics such as food security early warning analytics, soil fertility solutions for building resilience to fertilizer price and supply shocks, evaluating food security programming and policy response effectiveness, and strengthening national agricultural research and innovation systems.

“The food, energy and fertilizer crisis is taking a toll on developing countries. Creating resilient, sustainable food systems is vital for the planet and the economy to thrive,” said David Malpass, President of the World Bank Group, “The Global Food and Nutrition Security Dashboard is an important step to improve transparency in food and nutrition data and track financing by the international community to respond to the crisis. We appreciate the partnership with Germany’s G7 Presidency on this vital agenda.”


Contacts

WashingtonMeriem Gray

(202) 294-9606

mgray@worldbank.org

BerlinBMZ Press Office

+49 (0)30/18535-2451

presse@bmz.bund.de

Event: USAID Business Forecast and Partner Update Webinar

Dear Partners,

On Wednesday, December 7 at 8:30am ET, we will host our FY 2023 First Quarter Business Forecast and Partner Update webinar. You can click here to register

Submitting Business Forecast Questions
In advance of the event, we invite organizations to send questions specifically related to opportunities on the 
Business Forecast. Please see below instructions for submitting questions:

  1. You can submit using the following Google Form: USAID Business Forecast Submission Form(You may submit more than one). OR
  2. Send questions in email using this Excel templateto BusinessForecast@usaid.gov.

Please be sure to label each question with the project name as indicated on the Business Forecast, as well as the Country/Mission/Bureau/Operating Unit, as applicable.

Please send all questions to BusinessForecast@usaid.gov by no later than close of business on Tuesday, November 15, 2022. 

Following the webinar, we will post responses to all of the Business Forecast-related questions on USAID.gov, along with a transcript and recording of the event.

If you have not participated in one of USAID’s Business Forecast calls, you can access previous recordings and transcripts here.

We look forward to answering your questions and speaking with you in a few weeks.

USAID Industry Liaison Team

 

 

 

Remarks by World Bank Group President David Malpass at the COP27 Climate Finance Event

Thank you, Prime Minister Madbouly, Dr. Shoukry for hosting this event on climate finance. 

Developing countries are facing an economic crisis, heavy debt burdens, high inflation, and climate change. It is a crisis facing development itself.

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Countries Could Cut Emissions by 70% by 2050 and Boost Resilience with Annual Investments of 1.4% of GDP

World Cities Day: A spotlight on climate change and health

Climate stressors have pervasive impacts, among which the impact on the health wcd-22.jpg populations across the world continues to expand. This has recently come into even sharper focus with COVID-19.

Extreme heat and water scarcity together, for instance, are already creating havoc in cities like Cape Town and Chennai, while vector-borne, and water-borne diseases like dengue, malaria, gastroenteritis and typhoid continue to affect thousands of cities globally. Apart from their obvious impacts on the physical health of the population, with the oldest, youngest, and other vulnerable groups facing the greatest threats, such climate stressors also have serious mental health ramifications.

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World Bank Group Priorities at COP27

Action and Impact World-Bank-Group-Priorities-COP27

By David Malpass, President, The World Bank Group

Climate change – caused by greenhouse gas (GHG) emissions from human activities – poses a major threat to people and development. Poverty, development and climate change need to be tackled together, acknowledging the interconnections between people, planet, and the economy. Climate action is a key global public good, requiring major new financing from the global community and mechanisms for inflows. Mitigation activities are needed to reduce GHG emissions in our shared atmosphere. Adaptation activities need to redouble to reduce the added hunger, migration, conflict, and trade protectionism generated by climate change.  

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World Bank Group at COP27

November 6-18, 2022

GO TO: SCHEDULE OF LIVE EVENTS | RESOURCES ON CLIMATE | FEATURED SPEAKERS

The world will come together in Sharm El Sheikh, Egypt, for COP27, amid growing urgency to tackle the climate crisis. The United Nations Climate Change Conference is expected to focus on the need to implement climate pledges, scale up climate finance, and address the adaptation needs of developing countries. COP27 will bring together leaders and national delegations, representatives from businesses, multilateral institutions, civil society and youth. The World Bank Group will be there taking part in discussions and live events over two weeks.

Watch this space for a listing of events and set reminders to join us live.

Follow the conversation with: #ClimateActionWBG.

LIVE EVENTS