What does it mean to reach “net zero?” A recent report by the Carbon Pricing Leadership Coalition (CPLC) explores how the world can decarbonize, and in particular, how carbon pricing can play a role. To learn more about net zero, the report and its findings, we sat down with Chandra Shekhar Sinha, a member of the Task Force on Net Zero Goals and Carbon Pricing and Advisor to the Bank’s Climate Change Group, and Angela Churie Kallhauge, former Head of the Carbon Pricing Leadership Coalition (CPLC) Secretariat.
War in Ukraine leading to higher inflation, tighter financial conditions
WASHINGTON, June 07, 2022—Compounding the damage from the COVID-19 pandemic, the Russian invasion of Ukraine has magnified the slowdown in the global economy, which is entering what could become a protracted period of feeble growth and elevated inflation, according to the World Bank’s latest Global Economic Prospects report. This raises the risk of stagflation, with potentially harmful consequences for middle- and low-income economies alike.
Blended finance has grown in the past decade. In 2021 it represented an aggregated financing of over $160 billion, with annual capital flows averaging approximately $9 billion since 2015. With this small infusion of concessional funding, pioneering investments become attractive to private investors.
Safely managed sanitation is a focus of the Sustainable Development Goals (SDGs). It is central to stunting reduction and early childhood survival, both identified by the World Bank’s Human Capital Index as critical for humans to develop their full potential. It is widely known that 4.5 billion people lacked access to safely managed sanitation in 2015, according to the Joint Monitoring Programme. Less well understood is that hundreds of millions more people in densely populated rural areas are exposed to significant health risk due to unsafely managed sanitation.
This potential is multiplied by technologies such as artificial intelligence, robotics, big data processing, the internet of things, autonomous vehicles, 3-D printing, blockchain, etc.
Many of today’s increasingly complex development challenges, from rapid urban expansion to climate change, disaster resilience, and social inclusion, are intimately tied to land and the way it is used. Addressing these challenges while also ensuring individuals and communities are able to make full use of their land depends on consistent, reliable, and accessible identification of land rights.
Swedish Insurance Group Folksam invests in World Bank bonds to raise awareness for health, gender, responsible consumption and production, and climate.
WASHINGTON, February 12, 2018 – The World Bank (IBRD) has issued a US$350 million bond that raises funds for its development activities around the world, while highlighting four of the 17 Sustainable Development Goals (SDGs). The sole investor in the bond is the Folksam Group, one of Sweden’s leading insurance and investment management companies.
- With the Paris climate agreement in full force, countries around the world must now get down to the serious business of addressing climate change.
- Cities – responsible for two-thirds of the world’s greenhouse gas emissions and 70 percent of energy consumption – are on the front lines.
- At COP 22, the Bank highlighted three of its newest tools to help cities meet climate challenges.
Below a very interesting blog post focusing on Statistics.
Better data leads to better lives.
World Statistics Day celebrates the role of statistics, the institutions and individuals that produce them, and the impact they have in designing and monitoring the policies and services that can improve people’s wellbeing.
So without further ado, my colleages around the Bank have put together 17 statistics that stand out for them – some you may know, some you may not, all of them related to the Sustainable Development Goals: Click here