New World Bank Fund to Support Climate-Smart Mining for Energy Transition

The World Bank launched the Climate-Smart Mining Facility on May 1st, the first-ever fund dedicated to making mining for minerals climate-smart and sustainable. The Facility will support the sustainable extraction and processing of minerals and metals used in clean energy technologies, such as wind, solar power, and batteries for energy storage and electric vehicles. It focuses on helping resource-rich developing countries benefit from the increasing demand for minerals and metals, while ensuring the mining sector is managed in a way that minimizes the environmental and climate footprint.

 

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eC2: Vietnam Climate Smart Urbanization

Deadline: 05-May-2019 at 11:59:59 PM (Eastern Time – Washington D.C.)climate

Vietnam is urbanizing at a rapid pace. Cities, particularly those in low-lying delta areas are especially vulnerable to extreme weather events and impact of climate change. The rapid pace of urbanization is expected to intensify the economic costs related to extreme events. Urbanization in Vietnam has also been accompanied by rising air and water pollution, inadequate solid waste management and wastewater treatment, urban sprawl, and loss of green space threatening urban livability. Cities are also major users of energy and major contributors of GHG emissions. The proposed activity is being carried out in collaboration with the Government of Vietnam to enhance climate smart urbanization in the country.

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Climate-smart agriculture: Lessons from Africa, for the World

The world’s climate is changing, and is projected to continue to do so for the foreseeable future. The impact of climate change will be particularly felt in agriculture, as rising temperatures, changing rainfall patterns, and increased pests and diseases pose new and bigger risks to the global food system. Simply put, climate change will make food security and poverty reduction even more challenging in the future.

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Climate-Smart Development : Adding Up the Benefits of Actions that Help Build Prosperity, End Poverty and Combat Climate Change

This report describes efforts by the ClimateWorks Foundation and the World Bank to quantify the multiple economic, social, and environmental benefits associated with policies and projects to reduce emissions in select sectors and regions. The report has three objectives: 1) to develop a holistic, adaptable framework to capture and measure the multiple benefits of reducing emissions of several pollutants; 2) to demonstrate how local and national policymakers, members of the international development community, and others can use this framework to design and analyze policies and projects; and 3) to contribute a compelling rationale for effectively combining climate action with sustainable development and green growth worldwide. By using a systems approach to analyze policies and projects, this work illustrates ways to capitalize on synergies between efforts to reduce emissions and spur development, minimize costs, and maximize societal benefits.

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Climate-related projects 2017 of the Worldbank

In FY2017, the WBG provided over $12 billion in financing for climate-related projects. Some results from our work include:

Cities:

  • 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.climate

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Scaling up climate investments will require innovation in five key areas

 
Just ask the investors: businesses in emerging markets can no longer afford to ignore the risks posed by the changing climate to their bottom lines. Ranging from increasingly frequent and severe weather events to new regulations and changing consumer preferences, climate change is fundamentally transforming the way we do business. Increasingly, companies and their investors are seeking opportunities to transition to and invest in climate-smart portfolios.

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Breaking the Cycle of Crisis

Thirty years ago, a million people in Ethiopia died in one of the worst famines in modern history – a disaster caused by conflict and drought.

Today, conflict and drought are again contributing to a crisis that has put 20 million people in four countries on the brink of famine. This time, Ethiopia is not among them.