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.

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What You Need to Know About the Measurement, Reporting, and Verification (MRV) of Carbon Credits

A wide array of programs and markets around the world offer to deliver, buy, and sell  emissions reduction credits (ERCs) —commonly known as carbon credits—with mixed reactions and results. How can buyers know that the carbon credits they purchase are real? And how does the World Bank ensure that its emission reductions programs are fully inclusive and benefit the people and communities participating in them? We asked Andres Espejo, Senior Carbon Finance Specialist in the World Bank’s Climate Change Fund Management Unit, to explain the role of Measurement, Reporting and Verification (MRV) in calculating carbon credits.

What is MRV and why is MRV important to mitigation efforts?Climate-Explainer-Series-banner-with-WBG-COP27-branding

Measurement, Reporting, and Verification (MRV) refers to the multi-step process to measure the amount of greenhouse gas (GHG) emissions reduced by a specific mitigation activity, such as reducing emissions from deforestation and forest degradation, over a period of time and report these findings to an accredited third party. The third party then verifies the report so that the results can be certified and carbon credits can be issued.

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