2021: The Year in Climate in 5 Numbers

5X -- The order of magnitude by which climate change is making intense heat waves more likely

“Since 1850, the earth has warmed by 1 degree Celsius. It looks small, but it’s enough to multiply by 5 the frequency of extreme heat waves: what used to be an exceptional heat wave happening once every 50 years, now happens every 10 years,” says World Bank Senior Climate Advisor, Stéphane Hallegatte.

What may the future hold? Dive into the data with Hallegatte.

For more climate data videos see the World Bank Group at COP26 on YouTube.

216­ million -- The number of people who could migrate within their own countries by 2050 because of climate change

New research by the World Bank projects that millions of people could be on the move in the next decades, leaving places that can no longer sustain them and going to areas that offer better opportunities. But Groundswell finds that the world’s collective actions taken today to lower greenhouse gas emissions and help people adapt could reduce future internal climate migration by as much as 80%.

Learn more in the Groundswell: Part 2 report and this blog post by World Bank Vice President of Sustainable Development Juergen Voegele.

$26 billion -- Climate finance delivered by the World Bank Group in Fiscal Year 2021

The Bank Group’s Climate Change Action Plan, covering fiscal years 2021-2025, increases climate finance to 35% of its overall commitments on average. The plan prioritizes key sectors responsible for 90% of global GHGs and which must be transformed to address climate change. [tweetquote:[tweetText=A well-managed retirement of coal power plants and a massive scale-up in clean energy will be essential to achieving the Sustainable Development Goals and the targets of the Paris Agreement.,tweetData=WBG_Climate,tweetHash=]] Learn more: World Bank Group COP26 Climate Briefs

Article 6 -- The Paris Agreement’s rulebook governing carbon markets

[tweetquote:[tweetText=COP26 marked a turning point for carbon markets in the global effort to reduce global GHG emissions. The parties to the Paris Agreement approved Article 6, establishing the rulebook to ensure the integrity of carbon trading.,tweetData=WBG_Climate,tweetHash=]] Article 6 allows countries, companies and others to cooperate with each other to deliver on Nationally Determined Contributions to the Paris Agreement; for example, one country can transfer carbon credits for emission reductions to another country, but these credits cannot be counted by both the seller and the buyer. The World Bank supports the monitoring, reporting, and verification of actions to reduce greenhouse gas emissions (also known as mitigation actions), such as the decommissioning of coal plants or conservation of forests. Earlier in 2021, Mozambique became the first country to be paid by the World Bank’s Forest Carbon Partnership Facility for verified emission reductions, or carbon credits, generated through community-based sustainable forestry. The transaction signals to international carbon markets that large-scale programs to reduce emissions from deforestation and forest degradation (known as REDD+) can produce the high-integrity, high-quality carbon credits that buyers demand. FCPF is set to pay up to $720 million to 15 countries for emission reductions over the next several years.

Learn more:

• Healthy Forests Are Fertile Ground for Carbon Markets
• Climate Warehouse: Supporting Countries to Build the Next Generation of Climate Markets

92% -- The share of World Bank projects with climate finance

[tweetquote:[tweetText=The current and future impacts of climate change increasingly influence decision-making about development.,tweetData=WBG_Climate,tweetHash=]] The World Bank Group has included climate change in its projects since 2016, screening them for climate risk and for opportunities to reduce GHG emissions and address adaptation needs whenever possible. By 2020, the share of World Bank projects investing in climate action more than tripled to reach 78%, while more than 50% also addressed climate change adaptation. In Fiscal Year 2021, 92% of projects had “climate co-benefits" -- meaning they invested in climate action; fully half financed adaptation.

A new World Bank diagnostic tool will take climate change mainstreaming to another level, using strong analytics and high-quality emissions data to help countries design and implement their climate strategies.

Learn more:

• What You Need to Know About Climate Co-Benefits
• Country Climate and Development Reports