2016: World Bank Group Moves Fast to Support Stepped Up Global Climate Ambition

STORY HIGHLIGHTScop22-scene-setter

  • Since the Paris Agreement was adopted at COP21 in December 2015, the world has seen increased ambition on climate change. Almost every country in the world has now set national climate targets, and the Agreement has gone into force much earlier than expected. However, global climate action is still not happening at the scale or speed needed to meet the Paris goal of keeping global temperature rise to below 2 degrees Celsius.
  • The World Bank Group has been moving quickly over the past year to build on the momentum and lay the groundwork for greater ambition, helping countries reduce emissions and increase resilience to climate shocks through action in high-impact areas, such as clean energy, climate-smart agriculture, disaster preparedness, and natural resource management
  • As COP22 starts in Morocco, the Bank Group is aligning its efforts around key focus areas, committing billions to help countries meet their climate goals while leading on critical global issues such as green financing and carbon pricing

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Connecting to Compete 2016: Trade Logistics in the Global Economy

WASHINGTON, June 28, 2016—Did you know that 94% of shipments imported into trade-LPI-fishing-ship-container-dockerGermany meet the quality standards of global logistics operators, compared to only 40% in Bolivia? Or that importing goods into Georgia requires traders to deal with just one agency, but in Madagascar, traders must deal with 10?

All of these issues, and more, are captured under the broad category of logistics – the methods and procedures a country uses to move goods across borders. Infrastructure, procedures, regulations, geographic characteristics and even political economy issues all play a role in defining the strength of a country’s logistics.

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