World Bank Group Climate Change Action Plan 2021–2025 : Supporting Green, Resilient, and Inclusive Development

The Climate Change Action Plan 2021–2025 aims to advance the climate change aspects of CCAP-2021-25.pdfthe WBG’s Green, Resilient, and Inclusive Development (GRID) approach, which pursues poverty eradication and shared prosperity with a sustainability lens. In the Action Plan, we will support countries and private sector clients to maximize the impact of climate finance, aiming for measurable improvements in adaptation and resilience and measurable reductions in GHG emissions. The Action Plan also considers the vital importance of natural capital, biodiversity, and ecosystems services and will increase support for nature-based solutions, given their importance for both mitigation and adaptation. As part of our effort to drive climate action, the WBG has a long-standing record of participating in key partnerships and high-level forums aimed at enhancing global efforts to address climate change. The new Action Plan represents a shift from efforts to “green” projects, to greening entire economies, and from focusing on inputs, to focusing on impacts. It focuses on (i) integrating climate and development; (ii) identifying and prioritizing action on the largest mitigation and adaptation opportunities; and (iii) using those to drive our climate finance and leverage private capital in ways that deliver the most results. That means helping the largest emitters flatten the emissions curve and accelerate the downward trend and ramping up financing on adaptation to help countries and private sector clients prepare for and adapt to climate change while pursuing broader development objectives through the GRID approach.
 
Citation
“World Bank Group. 2021. World Bank Group Climate Change Action Plan 2021–2025 : Supporting Green, Resilient, and Inclusive Development. World Bank, Washington, DC. © World Bank. https://openknowledge.worldbank.org/handle/10986/35799 License: CC BY 3.0 IGO.”
 
 

Partnering for green, resilient and inclusive development in Tanzania

I had the opportunity to visit Tanzania last month, my first mission to Africa since joining the World Bank. It was a long-awaited trip, as I wanted to see for myself what more we can do to support countries that are striving to recover from COVID-19. Coming from Indonesia, I also thought there were experiences that I could share from my own country’s development.

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A green reboot for cities: Strategies for post-COVID growth

Around the world, cities have paid a high price for the COVID-19 pandemic.  Thousands of municipalities are facing increased pressures to provide essential services while simultaneously coping with dramatic revenue declines. The situation is particularly severe in emerging markets where resources are sparse. 

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eC2: Green hydrogen investment opportunities in developing countries

Deadline:   18-Mar-2021 at 11:59:59 PM (Eastern Time – Washington D.C.) Hydrogenfuelcell

This assignment will support ESMAP and IFC to develop a market report identifying investment opportunities in green hydrogen in developing countries. It will produce an analytical framework to assess green hydrogen investments in different economic sectors that could use green hydrogen or derived fuels as feedstock or energy supply. The Consultant will apply the framework to systematically assess green hydrogen investment opportunities across the full value chain in the industry, agriculture, electric power, heating, and transport sectors. This framework will be based on a straightforward scorecard system, and will be used to identify viable applications, business models, and local players that could benefit from private and public sector support. For each relevant sector, the report will also identify and develop case studies from developing countries.

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COVID crisis is fueling food price rises for world’s poorest

Over the last year, COVID-19 has undone the economic, health and food security of millions, 14114340279_c7363a7eb7_kpushing as many as 150 million people into extreme poverty. While the health and economic impacts of the pandemic have been devastating, the rise in hunger has been one of its most tangible symptoms. 

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Middle East and North Africa: Two opportunities for rebuilding after COVID-19 in green and inclusive ways

 

What is the best path to building better and greener after the pandemic? Leaders around the shutterstock_1379087948globe ask this question and come up with different answers. For example, the European Union puts the spotlight on nature as the strongest ally in green recovery after COVID-19. South Korea plans to invest in green cities and support new green industries and businesses, among others. The best recipe for success differs across countries and regions, but as made clear in this previous op-ed, the Middle East and North Africa (MENA) region will need to include green and sustainable practices for a more resilient and inclusive recovery.

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The triple G of clean cooking: Green, gender, and good health

As many of us stay at home and continue to work there during the COVID-19 pandemic, wecleancooking_leader are spending a lot more time in our kitchens than ever before. For some of us, this is about cooking in the comfort of a modern cooking environment.

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From Evolution to Revolution: 10 Years of Green Bonds

Issued in November 2008, the World Bank’s first green bond created the blueprint for green bondssustainable investing in the capital markets. Today, the green bond model is being applied to bonds that are raising financing for all 17 Sustainable Development Goals.

The phone call to the World Bank Treasury came out of the blue: a group of Swedish pension funds wanted to invest in projects that help the climate, but they did not know how to find these projects. But they knew where to turn and called on the World Bank to help. Less than a year later, the World Bank issued the first green bond—and with it, created a new way to connect financing from investors to climate projects.

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