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.
In FY2017, the WBG provided over $12 billion in financing for climate-related projects. Some results from our work include:
- In Vietnam, the World Bank has assisted the city of Can Tho to become more climate resilient and promote sustainable urbanization and transport corridors. An investment of US$ 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-smart agriculture (CSA) can help make the food system more sustainable in a changing climate. But does it come at a cost to women, in terms of a heavier workload?
Climate-smart agriculture’s three pillars: improved agricultural productivity, increased adaptation to climate change and reduction of greenhouse gases are goals well worthy of targeting. On the one hand, CSA practices such as water harvesting or planting trees that provide more accessible fuel, fodder and food can save women’s time. On the other hand, some practices such as increased weeding or mulch spreading can require women to spend more time in the field.
As part of the strategic partnership ‘Food for All’ between the World Bank Group and the Netherlands, the Netherlands Enterprise Agency, IFC, and IUCN organized an event on GAFSP and the impact of Climate Smart Agriculture on October 28, 2016. Climate change affects companies in the agro-food and beverage sectors all around the world. They face increasing risks: from reduced productivity, new laws and policies, to reputation risks or volatile market prices. Effectively managing risks and opportunities of climate change is vital to secure long-term viability of companies and value chains. Integrating climate smart agricultural techniques and projects in business operations can help firms to become more climate-resilient and in the meantime reduce pressure on forests and other ecosystems and the services they provide. Especially in developing countries, climate change implies challenges to food security and sustainable food production and trade.
Article published on http://www.worldbank.org on July 13, 2016.
Soon the world will celebrate the one-year anniversary of the historic climate agreement signed in Paris in December 2015. The agreement will be implemented through country-led greenhouse gas (GHG) emissions reduction commitments known as their intended Nationally Determined Contributions (NDCs), which to date have been submitted by 189 countries covering 95 percent of global GHG emissions.
Apart from signaling concrete commitments, these reduction targets also offer a clear signpost of the investment direction countries need to follow as the global economy steers towards a low-carbon, climate-resilient pathway. Estimates point to between $57 trillion and $93 trillion in new low-carbon, climate resilient infrastructure investment by 2030. How developing countries evaluate and respond to their infrastructure needs will greatly determine their ability to meet GHG reduction commitments.