How to make India pandemic proof

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Meeting Vietnam’s climate financing challenge

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Vietnam is on the frontlines of the climate crisis, with increasingly destabilized water andvietnam_rice.jpg food supplies and threatened coastal areas. In the face of these challenges, the government is showing bold leadership and climate ambition.  The recently updated Nationally Determined Contribution (NDC) significantly increased targets for emissions reductions across several key sectors. Vietnam has also translated global pledges on forests and methane into specific national action plans and policy priorities. 

What is missing, however, is the financing needed to achieve these goals. Carbon markets and results-based carbon and climate finance, which pays for emission reductions once they are achieved, have huge potential to help meet this financing challenge. The quickly evolving carbon market ecosystem, however, has many rules, requirements, players, and priorities. The government of Vietnam has requested World Bank Group support in navigating this complexity and identifying opportunities to access carbon finance and market opportunities. 

“Vietnam is on the frontlines of the climate crisis, with increasingly destabilized water and food supplies and threatened coastal areas. In the face of these challenges, the government is showing bold leadership and climate ambition.”

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Food Security Update | World Bank Response to Rising Food Insecurity

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Latest Update – April 24, 2023 

Domestic food price inflation remains high around the world. Information from the latest month between December 2022 and March 2023 for which food price inflation data are available shows high inflation in almost all low- and middle-income countries, with inflation levels greater than 5% in 70.6% of low-income countries, 90.9% of lower-middle-income countries, and 87.0% of upper-middle-income countries and many experiencing double-digit inflation. In addition, 84.2% of high-income countries are experiencing high food price inflation. The most-affected countries are in Africa, North America, Latin America, South Asia, Europe, and Central Asia.

Download the latest brief on rising food insecurity and World Bank responses

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Seminar on Financing Green Hydrogen Projects in Developing Countries

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Wednesday May 10 at 15:30-17:00 CET, World Hydrogen Summit Rotterdam whs

Join us at the World Hydrogen Summit for a seminar on Financing Green Hydrogen Projects in Developing Countries with the IFIs and Invest International.

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Solutions to Finance the Energy Transition in Developing Countries

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Low- and middle-income countries need to transform their power sector infrastructure at an unprecedented scale and pace to meet climate and development goals. The World Bank’s new framework “Scaling Up to Phase Down” maps out a 6-step virtuous cycle to help these countries overcome critical barriers that are paralyzing their energy transition and catalyze investments.

Despite accounting for two-thirds of the global population, developing countries receive only one-fifth of global energy investment. They need affordable financing, especially at the start of their energy transitions, to improve sector conditions and attract growing volumes of private capital.

Join us live from the headquarters of the World Bank Group. Be sure also to share your thoughts and questions in advance in the chat box! Our team of experts will answer them during the live event.