Tag Archives: Scarcity

Adapting Across East Asia and Pacific

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How the World Bank is standing with a region at climate risk

There is a saying in the Pacific that when it comes to climate change, ‘we are not drowning;image-1-1080x720 we are fighting’. This could also sum up the wider East Asia and Pacific region as a whole in the face of climate change; a region that, despite being exposed to some of the worst climate impacts in the world, is responding with innovation, strength and immense resilience. 

The World Bank is standing with the countries in the region in these efforts. In East Asia and the Pacific, 46% of new World Bank commitments in fiscal year 2022 contributed to climate action. Three countries across the region – Indonesia, the Marshall Islands, and Vietnam – highlight how the Bank is supporting their fight to adapt to climate change while securing resources and safeguarding important conservation gains far into the future.

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World Bank Group Presents New Fund for Lowering Emissions; SCALE

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SHARM-EL-SHEIKH, November 8, 2022 — Today the World Bank announced a new multi-partner fund that will pool funding from the global community — including donor countries, the private sector and foundations — for scalable pathways to greenhouse gas emission reduction. The Scaling Climate Action by Lowering Emissions (SCALE) partnership will provide grants for verifiable emissions reductions and expand the funding sources for global public goods.

“Climate finance needs major new mechanisms that pool funding from the global community to accomplish actual reductions in greenhouse gas emissions across the developing world. SCALE offers a key non-fragmented avenue for the global community to take action on climate change,” said David Malpass, President of the World Bank Group. “The verifiable emission reductions created by SCALE and similar mechanisms will also be an important step toward building effective carbon credit markets.”

SCALE will deploy Results-Based Climate Finance where countries receive grant payments for achieving pre-agreed, verifiable results, drawing on twenty years of World Bank Group experience in this area.

SCALE will support countries to build a track record of generating emission reductions from impactful programs and policies that they can apply toward their national emission reduction targets. SCALE will also yield excess credits that can be offered in carbon markets with the potential to unlock additional private sector funding.

SCALE will pool public and private resources to (i) channel additional funding to middle and low-income countries’ emission reduction programs; (ii) help bridge the gap between the supply of and demand for high-quality emission reduction credits by supporting large-scale climate investments; and (iii) help countries develop high integrity credits and enhance their access to international carbon markets.

Social inclusion is embedded in the design of all SCALE programs. An associated fund within the SCALE umbrella – Enabling Access to Benefits while Lowering Emissions (EnABLE) – enhances the inclusion of marginalized communities and indigenous peoples in programs under the partnership through specially designed benefit sharing arrangements.

 
PRESS RELEASE NO: 2023/029/CCG

 

 

 

 

World Cities Day: A spotlight on climate change and health

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Climate stressors have pervasive impacts, among which the impact on the health wcd-22.jpg populations across the world continues to expand. This has recently come into even sharper focus with COVID-19.

Extreme heat and water scarcity together, for instance, are already creating havoc in cities like Cape Town and Chennai, while vector-borne, and water-borne diseases like dengue, malaria, gastroenteritis and typhoid continue to affect thousands of cities globally. Apart from their obvious impacts on the physical health of the population, with the oldest, youngest, and other vulnerable groups facing the greatest threats, such climate stressors also have serious mental health ramifications.

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Article: Climate Change Expected to Magnify Water Scarcity

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Article published on http://www.worldbank.org, August 18, 2016

Story highlights

  • Nearly 1.6 billion people live in countries with physical water scarcity – a figure that Imagemay double in the coming two decades.
  • As the potential for developing new sources of water diminishes, making more efficient use of water becomes essential to meeting future demand.
  • The World Bank works with countries around the world to help ensure water resources remain secure through water efficiency measures, including improved agricultural practices.

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Climate-Driven Water Scarcity

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Climate-Driven Water Scarcity Could Hit Economic Growth by Up to 6 Percent in Some Regions, Says World Bank

WASHINGTON, May, 3 2016 – Water scarcity, exacerbated by climate change, could cost watersome regions up to 6 percent of their GDP, spur migration, and spark conflict, according to a new World Bank report released today.*

High and Dry: Climate Change, Water and the Economy, says the combined effects of growing populations, rising incomes, and expanding cities will see demand for water rising exponentially, while supply becomes more erratic and uncertain.

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