What You Need to Know About the Measurement, Reporting, and Verification (MRV) of Carbon Credits

Posted on by
A wide array of programs and markets around the world offer to deliver, buy, and sell  emissions reduction credits (ERCs) —commonly known as carbon credits—with mixed reactions and results. How can buyers know that the carbon credits they purchase are real? And how does the World Bank ensure that its emission reductions programs are fully inclusive and benefit the people and communities participating in them? We asked Andres Espejo, Senior Carbon Finance Specialist in the World Bank’s Climate Change Fund Management Unit, to explain the role of Measurement, Reporting and Verification (MRV) in calculating carbon credits.

What is MRV and why is MRV important to mitigation efforts?Climate-Explainer-Series-banner-with-WBG-COP27-branding

Measurement, Reporting, and Verification (MRV) refers to the multi-step process to measure the amount of greenhouse gas (GHG) emissions reduced by a specific mitigation activity, such as reducing emissions from deforestation and forest degradation, over a period of time and report these findings to an accredited third party. The third party then verifies the report so that the results can be certified and carbon credits can be issued.

Continue reading →

The Future of Government: What does it mean for infrastructure finance?

Posted on by

Recognizing that governments across the globe find themselves at an important inflectionsolar_porwe_wb point—with overlapping crises such as the COVID-19 pandemic, the war in Ukraine and other conflicts, sharp economic slowdown, and the effects of climate change that will touch us all—the World Bank recently launched a report on The Future of Government.

Continue reading →

How to manage the world’s fertilizers to avoid a prolonged food crisis

Posted on by

Hidden behind the worst global food crisis in a decade, fertilizer prices have skyrocketedag_blog_july_22_1140x500_1117767635_9d624e5836_o and remain volatile . This poses a serious threat to food security, as the planting season starts this summer. So far, the war in Ukraine has mostly affected countries importing wheat and corn. But many countries, including some major food exporters, are net fertilizer importers. Persistently high fertilizer prices may spread to a broader variety of crops including rice, a staple which has not yet seen war-related price hikes. We must act now to make fertilizers more accessible and affordable to avoid prolonging the food crisis.   

Continue reading →

eC2: Opportunities and Benefits of Decarbonization through Enhanced Regional Electricity Trade in Central Asia

Posted on by

Deadline: 10-Aug-2022 at 11:59:59 PM (Eastern Time – Washington D.C.)

U.S. Electricity Output Rose 6.2% From A Year Earlier

The objective of this assignment is to review and assess country level energy demand and supply resources for the period of 2022-2060, develop/update regional power system optimization model, examine potential and benefits of electricity trade among Central Asian countries, and identify interconnection upgrades and potential new cross-border transmission projects that would support decarbonization in the region through scaling up of regional electricity trade in Central Asia. The assessment has to be carried out through comparison of the nationally optimized plan and the regionally optimized plan on each countrys generation development, including considering the latest commitments to carbon neutrality/NDCs, as , as well as World Bank Country Climate and Development Reports (CCDR) where applicable, nature of energy security considerations vs integration of regional options.

Continue reading →

eC2: Consultancy services to Deliver a Gender Capacity Building [ToT] to a team of agronomists in Uganda and Zimbabwe

Posted on by

Deadline: scaling-up-innovations-in-agriculture-lessons-from-africa-780x43908-Aug-2022 at 11:59:59 PM (Eastern Time – Washington D.C.)

IFC is seeking a firm to support an advisory project in the Rwenzori region of Uganda that will complement an IFC investment transaction. The advisory project will support smallholder farmers to improve coffee production and productivity through the sustained adoption and application of good agronomic practices and enable the Client and its partners to improve the sourcing capacity of high-quality coffee. IFC is therefore seeking a vendor firm to deliver a gender capacity building program [Training of Trainers] to a team of agronomists/field in each of the origin using a transformative change methodology. The training on the gender transformative approach will be delivered by a vendor firm and will target:
up to 23 trainees in Uganda
up to 7 trainees in Zimbabwe

Continue reading →

eC2: Technical Assistance Program on Cambodia Sustainable Cities Initiative

Posted on by

Deadline: 04-Aug-2022 at 11:59:59 PM (Eastern Time – Washington D.C.)sust-cities-banner-940x240

The World Bank is providing technical assistance to Cambodias Ministry of Land Management, Urban Planning and Construction (MLMUPC) and Phnom Penh Capital Authority (PPCA) to conduct the Phnom Penh Capital City Diagnostic aimed at updating the Phnom Penh Green City Strategic Plan (the Strategic Plan). The Strategic Plan will identify opportunities for low-carbon and resilient development under climate change. The project is funded by the City Climate Finance Gap Fund, which aims to help cities in low- and middle-income countries transition towards low-carbon and climate-resilient pathways in line with the goals of the Paris Agreement.

Continue reading →

We won’t reach our climate goals without cleaner mobility

Posted on by

No scenario to contain global warming is possible without urgent and distinct action in thebr-vlt rio de janeiro=-wri brasil flickr transport sector.  This is a sector that is often overlooked in the climate equation, but it shouldn’t be. Currently responsible for 20% of global GHG emissions and rapidly increasing, transport is something that impacts everyone, everywhere.

The good news is that the tools needed to curb emissions from transport already exist. Some of them – such as enhanced public transport options, active mobility, zero-emission vehicles, and green fuels – are being implemented in many countries. Global sales of electric cars doubled between 2020 and 2021, reaching 6.6 million vehicles, nearly 9% of the global auto market.

Continue reading →