What Counts as Climate? Preliminary Evidence from the World Bank’s Climate Portfolio

Dear Reader,

We wanted to let you know about our new study, published this week by the Center for Global Development and the Breakthrough Institute.

Climate finance at the World Bank is a hot topic, with major shareholders pushing for reforms that would have the Bank substantially expand its climate lending. But so far the discussion has focused much more on how much money the Bank can lend, rather than where that money is going.

With our colleague Guido Núñez-Mujica, we examined 2,554 projects between 2000 and 2022 that the World Bank includes in its climate portfolio, including 2,047 projects tagged specifically as climate mitigation. We found that the Bank has a climate portfolio skewed towards mitigation, both in middle-income countries and in energy-poor, low-income countries. 

We also found that hundreds of projects tagged climate—many in poorer countries—appear to have little to do with either climate change mitigation or adaptation, from teacher training to improving healthcare access for girls. $15 billion worth of the Bank’s climate finance portfolio is attributed to projects where climate accounts for less than 20 percent of the project’s value, and there typically is no climate rationale offered to support the climate tags in these cases. Further, most of the mitigation projects tagged as 100 percent climate lack estimates of greenhouse gas (GHG) emissions reductions, and there is no standardized reporting on GHG estimates across the portfolio.

What does this mean? It’s clear that reporting on climate programming at the Bank is still in its infancy. With immense pressure on the institution to scale up climate lending, it’s important that the Bank’s shareholders and climate advocates apply scrutiny to how the World Bank is spending its climate money, not just how it is raising it.

You can read the full paper here, and a shorter analysis of what we found here.

In Ghana, Sustainable Cocoa-Forest Practices Yield Carbon Credits

STORY HIGHLIGHTSCocoaRodney-QuarcooWorld-Bank

  • Cocoa farmers in Ghana are improving yields and mitigating climate change by adopting climate-smart cocoa practices while curbing deforestation.
  • Ghana has earned $4.8 million for reducing nearly 1 million tons of carbon emissions caused by deforestation and forest degradation—with up to $45 million expected by the end of 2024.
  • Ghana and other countries are generating high-quality, high-integrity jurisdictional carbon credits to realize their climate goals and gain access to international carbon markets.

Continue reading

Private Investment in Infrastructure: Where are we now?

A quick scan of the headlines tells you everything that those of us working in internationalinfra_hero.jpg development already know: today’s world is not business as usual. In just a few short years, the global landscape has transformed in a way that very few of us could ever have anticipated.

Continue reading

Publication: Brazil Country Climate and Development Report

Abstract
Brazil is highly exposed to climate change risks. The impacts of global climate change risks and local practices on the Amazon and Cerrado biomes are of particular concern, as they provide vital ecosystem services to Brazil, the South American region, and the world. The Brazil Country Climate and Development Report (CCDR) examines the implications of climate change and climate action for Brazil’s development objectives and priorities. It identifies opportunities for Brazil to achieve both its development goals and its climate commitments. It lays out a combination of sectoral and economy-wide policy reforms, as well as targeted investments in near- and medium-term mitigation and adaptation measures to achieve more rapid and inclusive development with lower greenhouse gas (GHG) emissions. The idea is to maximize synergies between climate and development objectives, while addressing trade-offs among policy objectives and key transition challenges.
 
 
 

 

Success Story: Development Finance International Inc. (DFI)

Bridging Business and Development with Netherlands’ Partners

Among DFI’s proudest accomplishments are our long-term partnerships with Dutchdfintl_newblue organizations to address development needs and support sustainable business in emerging markets globally. 

Since DFI’s inception 30 years ago, and continuing through this day, DFI has worked closely with several Dutch corporate clients, The Netherlands Embassy in Washington, DC (and around the globe) and international funders such as the World Bank, the Inter-American Development Bank and other public, private and Civil Society Organizations (CSOs) to tackle the most pressing challenges in critical areas including food security and sustainability, healthcare, climate change, and science and technology, among others.  

Continue reading

What IPCC climate projections mean for World Bank energy projects in Africa

 

We already knew climate change would be a major threat to development gains in Africa, but a blog_senegal_energy_-_with_wbg_cop27_branding_fullrecent report by the UN’s Intergovernmental Panel on Climate Change (IPCC) reveals the impacts could be significantly worse. Across the continent, research indicates with greater precision and certainty the future increases in flooding severity and extreme weather events over the coming decades. Among the findings: In West Africa, the number of potentially lethal heat days reaches 50–150 per year at 1.6°C global warming and 100–250 per year at 2.5°C global warming, with the highest increases in coastal regions; In Southern Africa, heavy rainfall events would become more frequent and intense at all levels of global warming, increasing exposure to flooding; and, at 2°C global warming, unprecedented extreme droughts are projected to emerge. These are alarming projections given that the continent is the least responsible for climate change but most vulnerable to its consequences.

Yet even as the climate crisis accelerates, Africa needs to close its huge energy access gap and achieve its development goals. Millions of people across Africa still lack access to basic electricity services.  Communities still live without reliable and affordable electricity needed to deliver social services and to be more resilient, better prepared, and more responsive when disasters hit.

“Yet even as the climate crisis accelerates, Africa needs to close its huge energy access gap and achieve its development goals.

Continue reading

eC2: Baghdad Water Security Strategic Plan

Deadline: 27-Jun-2022 at 11:59:59 PM (Eastern Time – Washington D.C.)water_hero

The World Bank Group would like to invite eligible firms to indicate their interest in providing the services. Interested firms must provide information indicating that they are qualified to perform the services (brochures, description of similar assignments, experience in similar conditions, availability of appropriate skills among staff, etc. for firms; Please note that the total size of all attachments should be less than 5MB. Consultants may associate to enhance their qualifications.

Continue reading

eC2: Study on Climate and Natural Hazard-Induced Migration in Vietnam

Deadline:  20-Jun-2022 at 11:59:59 PM (Eastern Time – Washington D.C.)global-warming-climate-change-tree_1big_stock2

Vietnam is one of the most vulnerable countries in the world to climate change. Given Vietnams concentration of both population and industry in low-lying coastal areas and river
deltas, sea level rise poses a particular risk to continued development in the country.
The World Bank East Asia and the Pacific (EAP1) is conducting a Study on Climate and Natural Hazard-Induced Migration in Vietnam. The objective of the research is to better understand how vulnerable population groups in urban and rural settings projected to see high climate induced in- and out-migration are particularly (and differently) affected by climate change, what adaptation measures are currently being employed, and what policy makers and government programs might do to reduce barriers or facilitate opportunities for more effective and inclusive adaptation to climate change. In so doing, the research would help to better understand and respond to disaster risks, to reduce the number of people adversely affected by disasters, and to promote adaptation that leverages community resilience. The World Bank East Asia and the Pacific (EAP1) is looking for a qualified and experienced research firm or organization based in Vietnam to carry out the analytical work. If you encounter technical difficulties while uploading documents, please send an e-mail to the Help Desk at wbgeconsultant@worldbank.org.

Continue reading

eC2: Exploring the Links between Climate Change, Migration and Livelihood in Forest Communities in Vietnam

Deadline: 20-Jun-2022 at 11:59:59 PM (Eastern Time – Washington D.C.)Forestry

Vietnam is one of the most vulnerable countries in the world to climate change. Forests play a crucial role in averting climate catastrophe. The World Bank East Asia and the Pacific (EAP1) is conducting a study on Exploring the Links between Climate Change, Migration and Livelihood in Forest Communities in Vietnam. The objective of this analytical work is to understand the links between climate change impacts, migration, and livelihood strategies among forest communities in Vietnam. It will examine the impacts of climate change on forest communities, which include identifying differential vulnerabilities faced by forest communities and exploring communities perceptions, experiences, and responses toward climate change impacts in relation to livelihood strategies (including through migration), food security, and other areas of interest. This in turn would help in identifying

Continue reading

eC2: Reinforcing the capacities of meteorological and hydrological services and enhancing the early warning systems in Cambodia and Lao Peoples Democratic Republic (CREWS Cambodia and Lao PDR)

Deadline: 16-Jun-2022 at 11:59:59 PM (Eastern Time – Washington D.C.)vn-communitybased-disasterrisk-780x439

The Reinforcing the capacities of meteorological and hydrological services and enhancing the early warning systems in Cambodia and Lao Peoples Democratic Republic (CREWS Cambodia and Lao PDR) project jointly implemented by the World Bank (WB), World Meteorological Organization (WMO) and the United Nations Office for Disaster Risk Reduction (UNDRR) along with the National Meteorological and Hydrological Services (NMHSs) and National Disaster Management Offices (NDMOs) of Cambodia and Lao PDR is aimed at reducing the human and socioeconomic impact caused by disasters such as floods, droughts, landslides and severe weather, through increased access to early warnings and risk information. As part of the CREWS project, the World Bank is conducting needs assessments of the NMHSs to strengthen hydromet networks for end-to-end early warning in Cambodia and Lao PDR and to develop investment plans to address identified needs.

Continue reading