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.”
 
 

World Bank Group Is Leading the Effort on Methane Emissions Reduction with Impactful Projects and Initiatives

Given the short-term potency of methane, cost-effective interventions to reduce landfill-1methane emissions should be an immediate priority for the sectors with the largest emissions. The agriculture, energy, sanitation and waste sectors are collectively responsible for 90-95% of global anthropogenic sources of methane:

  • Agriculture accounts for ~41% of methane emissions from human activity, including from rice cultivation and agriculture waste burning, manure management, and gas from cows and sheep;
  • Energy accounts for ~35%, including from oil and gas extraction, pumping, transport and coal mining;
  • Sanitation and waste account for ~20%, including from landfills and wastewater treatment.

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The World Bank and UNGA 77

The 77th session of the UN General Assembly (UNGA 77) convened on September 13, 2022 UNGAand ran through September 26, 2022. As the world faces broad crises driven by the global slowdown, the war in Ukraine, shortages of energy, fertilizer and food, rising interest rates and debt levels, and climate change, the World Bank Group was proud to join leaders from around the globe to discuss these pressing development issues and work with our global partners to find solutions to these challenges. 

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Tech tools help map a future for post-coal communities

Land is scarce in many parts of our fast-urbanizing world.  Few communities have the chance sept2022_lura_mainimage.jpgto create something brand-new on a significant piece of land—and even fewer can develop that land in a way that confronts climate change, generates jobs, and attracts investment.

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Is a Global Recession Imminent?

Since the beginning of the year, a rapid deterioration of growth prospects coupled with rising Global-Recession-cover-285-220-2inflation and tightening financing conditions, has ignited a debate about the possibility of a global recession—a contraction in global per capita GDP. Drawing on insights gained from previous global recessions, this study presents a systematic analysis of the recent evolution of economic activity and policies, and a model-based assessment of possible near-term macroeconomic outcomes.

 

Remarks by World Bank Group President David Malpass at the Launch of IDA20 in Tokyo, Japan

 

Hello everyone and let me start by expressing my appreciation to you and the Japanese government for hosting us for this launch of the IDA20 replenishment, in which Japan has played such a leadership role. I would like to thank the Finance Minister personally for playing such a crucial part in this process. I would also like to thank and congratulate the colleagues gathered here in Tokyo today, coming from all over the world, for making IDA20 a successful replenishment.

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