Learn how the World Bank Group is helping countries with COVID-19 (coronavirus). Find Out

Overview

  • The World Bank Group is taking broad, fast action to help developing countries respond to coronavirus (COVID-19). Climate action offers critical lessons and the Bank Group has a wealth of experience to help countries respond to the immediate crisis and shape a sustainable recovery.

    • Adaptive social protection systems that can quickly expand by increasing the number of beneficiaries and the sums transferred to them, are an efficient way to help people after a major shock.
    • As the focus shifts to economic recovery, stimulus funds could deliver multiple wins: boosting shorter-term demands of creating jobs and incomes; and generating longer term sustainability and growth benefits such as cleaner air, reduced greenhouse gas emissions, or the enhanced ability to adapt to the impacts of climate change.

     

    Countries need sustainable economic growth and good development outcomes more than ever and climate change puts both at risk.

    • Natural disasters cost about $18 billion a year in low- and middle-income countries through damage to power generation and transport infrastructure alone. They also trigger wider disruptions for households and firms costing at least $390 billion a year.
    • Climate change is a major driver of the current Desert Locust outbreak: unusual weather conditions exacerbated by climate change created ideal conditions for locust numbers to surge and strong cyclones in typically arid areas of Africa and the Middle East helped dispersed the swarms. 
    • Without urgent action, climate impacts could push an additional 100 million people into poverty by 2030.
    • By 2050, without concrete climate and development action, over 143 million people in just three regions (Latin America, South Asia and Sub-Saharan Africa) could be forced to move within their own countries to escape the slow-onset impacts of climate change.

     

    Countries can unlock new economic opportunities and jobs through climate action.

    • Investing in resilient infrastructure in developing countries could deliver $4.2 trillion over the lifetime of new infrastructure.  An investment of $1, on average, yields $4 in benefits.
    • Making infrastructure more resilient avoids costly repairs and minimizes the wide-ranging consequences of natural disasters for the livelihoods and well-being of people.
    • A shift to low-carbon, resilient economies could create over 65 million net new jobs globally out to 2030.

     

    Climate action helps countries develop sustainably. When countries act on climate change, they will also benefit from clean air and water, healthy oceans, resilient cities, sustainable food and agriculture systems.

    • The Bank has supported the governments of Mexico and Colombia to adopt carbon taxes, which maximize synergies between air pollution management and climate change mitigation.
    • In Vietnam, we supported investments in water infrastructure to mitigate the impacts of flooding and saline intrusion and to protect water resources for agriculture, benefiting 215,000 farmer households.
    • 9 million people have benefited from climate-smart crops and technologies, through the West Africa Agricultural Productivity Program. Yields and incomes for farmers have grown by an average of 30%, improving food security for about 50 million people in the region.
    • The Bank’s work on urban development has been instrumental in building resilient cities. For example, the World Bank helped the city of Beira in Mozambique strengthen its resilience to weather-related hazards; rehabilitating its storm water drainage system and installing flood control stations and a water retention basin. When Cyclone Idai hit in March 2019, Beira faced less damaging flooding than other parts of the country.

     

    Scaling up finance quickly is critical but public budgets alone are not enough. In addition to direct financing, the World Bank Group is also responding to country demand by mobilizing private investment and helping open low-carbon markets where they didn’t previously exist.

    • Along with other MDBs and the Climate Investment Funds, the Bank has supported the world’s largest concentrated solar power complex in Morocco. Generating 580 megawatts (MW) of clean energy, the Noor complex will soon produce clean power for 1.1 million Moroccans, while also accelerating global interest in this technology.
    • India is one of the first countries to deploy highly efficient air conditioners at scale through a bulk procurement program by Energy Efficiency Service Limited (EESL). An initial bulk procurement of 100,000 AC units, with 30% greater efficiency than the market average, led to a 15% reduction in price. The World Bank has an ongoing engagement and supports EESL through technical assistance and lending.

     

    Policies, such as carbon pricing, can help create incentives for transformational change.

    • Carbon pricing represents a simple, flexible, low-cost, fair and efficient policy option to address climate change. It can also deliver additional benefits, reducing air pollution and congestion while avoiding the increased costs of remedial measures associated with high-carbon growth paths. For businesses, carbon pricing enables them to manage risks, plan their low-carbon investments, and drive innovation. 
    • As of November 1, 2019, 46 national jurisdictions and 31 subnational jurisdictions are implementing or have scheduled for implementation initiatives to put a price on carbon. For the latest information, visit the Carbon Pricing Dashboard, an interactive online platform that builds on the data and analyses of the annual State and Trends of Carbon Pricing report series.

    Last Updated: Apr 14, 2020

  • The World Bank Group is committed to helping countries meet the goals of the Paris Agreement.

    • Addressing climate change is one of the central narratives and policy backbones of the Bank Group’s recent capital increase commitments and its past and current IDA replenishments.

    The Bank Group is financing country efforts to cut emissions and adapt to climate risk.

    • The Bank Group’s Climate Change Action Plan (2016-2020) lays out ambitious targets to be met by 2020, including helping client countries add 30 gigawatts of renewable energy, put in place early warning systems for 100 million people, and develop climate-smart agriculture investment plans for at least 40 countries.
    • In December 2018, the Bank Group announced a major new set of climate targets for 2021-2025 to support countries taking ambitious climate action which include increased support for adaptation financing.
    • As part of these targets, the Bank Group also launched an Action Plan on Climate Change Adaptation and Resilience in January 2019. Under this dedicated plan - the first of its kind - the Bank Group will ramp up direct adaptation climate finance to reach $50 billion over FY21–25. This financing level—an average of $10 billion a year—is more than double what was achieved during FY15-18.
    • All Bank projects are now screened for climate and disaster risk to ensure that they build the resilience of people on the ground.
    • Since fiscal year 2018, all applicable investment lending projects incorporate shadow price of carbon in the economic analysis. The Bank’s recommended shadow prices of carbon were updated in December 2017 and are consistent with achieving the core objective of the Paris Agreement of keeping temperature rise below 1.5 degrees Celsius.

    The Bank Group is the largest multilateral funder of climate investments in developing countries.

    • The Bank Group is working with the other multilateral development banks (MDBs) on common approaches to monitor and track their climate finance flows to client countries, as they increase their climate financing in mitigation and adaptation. The MDBs are continuing to align their financial flows to help countries meet the Paris Agreement, supporting the implementation of the NDCs and facilitating activities that transition development towards low greenhouse gas emissions and climate resilient development.
    • In 2019, the Bank Group committed $17.8 billion to climate-related investments, surpassing our targets for the second year in a row
    • In 2018, the Bank Group committed nearly half of the total climate finance from MDBs – a total of $21.3 billion.

    Last Updated: Apr 14, 2020

  • Energy

    • Currently, around 840 million people live without electricity, mostly concentrated in rural areas of Africa and South Asia. The World Bank is committed to closing this gap by helping countries deliver access to affordable, reliable, sustainable, and modern energy for all.
    • Between FY2015-19, the Bank committed $6.2 billion to energy access programs, with $1.7 billion committed in FY2019 alone. Building on a strong track record of supporting the expansion of energy access, our financing over the past three years (FY2017-19) contributed to providing new electricity connections for over 30 million people through grid. In FY19 IFC arranged for $2.3 billion in renewable energy, including $545 million of own account investments and $1.8 billion in core mobilization.
    • As one of the largest providers of finance for renewable energy and energy efficiency projects in low- and middle-income countries, the Bank has committed nearly $9.4 billion in financing between FY15-19, which represents 31% of the energy portfolio in this period.
    • The Bank is supporting India with two major energy initiatives: increasing solar generation to 100 GW by 2022 with $1 billion in lending, and scaling up its energy efficiency program on a national level. One example is support to the 750 megawatts (MW) Rewa Ultra Mega Solar Ltd. Project, which doubled the solar capacity of the state of Madhya Pradesh and is one of the largest single-site solar plants in the world. The project is expected to avoid 0.6 million tons per year in greenhouse gas (GHG) emissions, the equivalent to taking more than 135,000 cars off the road every year. The India Energy Efficiency Scale-Up Program - a $220 million IBRD loan and the first ever $80 million IBRD guarantee – aims to to help tackle India’s huge energy efficiency challenge. Support from this program enabled the deployment of 118 million LED bulbs and tube lights, 1.6 million energy efficient fans, and over 4.7 million LED street lights, through EESL between April 2017 and May 2019. On a lifetime basis, energy savings associated with this deployment is about 111,600 GWh of electricity and corresponding avoided CO2 emissions of nearly 90 million tons.
    • In Ethiopia, the National Electrification Plan focuses on “last-mile service delivery” for households, schools and local health centers, with an emphasis on reliable and affordable access for all. The Bank is currently supporting the National Plan through a $375 million IDA credit that will help bring electricity to one million households, and pilot new approaches for off-grid electrification. In March 2019, Ethiopia launched an updated version of the Plan (NEP 2.0), which includes a detailed framework for the integration of off-grid technologies with grid connectivity to achieve universal access by 2025.
    • The $8.5 billion Climate Investment Funds (CIF) recently marked ten years of climate action, working in 72 countries. Among CIF’s 300 plus projects is the Noor Ouarzazate Concentrated Solar Power (CSP) complex in Morocco. The largest CSP facility in the world, Noor’s output of 580 MW provides clean energy to 2 million Moroccans and accounts for one-fourth of Morocco’s solar energy target of 2 gigawatts (GW) by 2020.
    • As part of a $775 million partnership through its Clean Technology Fund, CIF is helping India expand its rooftop solar industry. In less than a year, the program has enabled close to 500 MW of new rooftop solar capacity. It is estimated that rooftop solar alone can save almost 2 billion tons of CO2 emissions and lead to nearly 50,000 jobs.
    • In Egypt, IFC, the Bank and a consortium of other lenders committed $653 million to support the Benban Solar Park to bring electricity to homes and businesses. Benban is capable of producing 1,650 MW of electricity—enough to power hundreds of thousands of homes and businesses. The solar park is expected to avoid 2 million tons of GHG emissions a year, the equivalent of taking about 400,000 cars off the road. At the time of its completion, Benban will be the largest solar installation in the world —with more than 32 contiguous solar projects containing 6 million solar panels.
    • In Cameroon, IFC and the Bank are helping the government to construct the €1.2 billion Nachtigal Hydropower Plant – a privately owned and operated 420 MW power plant on Senaga River that will increase Cameroon’s power generation capacity by 30% and create up to 1,500 direct jobs.
    • IFC and partners are financing a $32 million rooftop solar project for up to 500 public schools to power more than 16,000 houses across the West Bank—a first-of-its kind project designed to enhance the renewable energy sector and address chronic power shortages and blackouts by harnessing a domestically available source of energy. The schools will receive free electricity and, in some cases, cash payments for hosting the installations. Most of the electricity generated from the solar panels will be fed into local distribution systems at a competitive tariff, and businesses. The Bank will provide a grant of up to $2 million from the Investment Co-Financing Facility.
    • Through the Scaling Solar program, the World Bank Group is helping emerging market countries – including Zambia, Senegal, Togo, Madagascar, Cote d’Ivoire, Uzbekistan and Afghanistan – develop utility-scale solar power quickly and affordably. Scaling Solar brings together a suite of Bank Group investment and advisory services under a single package to help create viable markets for solar power in each country. This “one-stop shop” aims to deliver privately funded grid-connected solar projects at competitive rates and shortens the period from project development to financial closure. On March 11, 2019, the program’s first solar plant, with a total capacity of 54 MW, was inaugurated in Lusaka, Zambia. In 2019, Uzbekistan represented the first time the program expanded beyond Africa.
    • In November 2019 the Bank’s Carbon Initiative for Development (Ci-Dev) issued the first set of carbon payments to its West African Biodigester program, which will help scale up the National Biogas Programme of Burkina Faso.  Biodigesters convert animal waste into clean fuel that can be used for cooking and a nutrient-rich fertilizer that can be used for agriculture. These payments will be used to support and scale up the national program, to share information on the benefits of biodigesters for clean cooking and agricultural improvement, and to train masons on biodigester construction.

    Adaptation and Resilience

    • In January 2019, the World Bank Group launched a new Action Plan on Climate Change Adaptation and Resilience. The plan, which is part of the World Bank Group’s 2025 Targets, focuses on three actions:
      • boosting adaptation financing to $50 billion
      • helping countries adapt so that climate risks are managed at every phase of policy planning, investment design, and implementation; and
      • developing a new rating system to create an incentive for investments in adaptation and resilience, and to improve tracking. 
    • In FY19, the World Bank committed $7 billion in adaptation investments. Close to half (49%) of all World Bank climate finance is devoted to adaptation, demonstrating a commitment to focus as much on supporting countries to adapt to climate change as on mitigating future emissions.
    • The World Bank has scaled up investments and analytical work related to climate and disaster-resilient infrastructure. The flagship report “Lifelines: The Resilient Infrastructure Opportunity” examines the resilience of four essential infrastructure systems: power, water and sanitation, transport, and telecommunications. Through economic analysis and a collection of global case studies, the report defines how these systems provide critical services for the well-being of households and the productivity of firms. It makes the case that more resilient infrastructure systems not only avoid costly damage, but also minimize the wide-ranging consequences of disasters caused by natural hazards for the livelihoods and well-being of people. Tools and approaches developed through the Lifelines research are already being applied in a number of countries that have sought specialized technical assistance on the subject. For example:
      • In the Philippines, the government has committed to measuring and building resilience to natural disasters. To support this effort, the Global Facility for Disaster Reduction and Recovery (GFDRR) worked with the National Economic Development Authority to measure socioeconomic resilience to shocks at the provincial level.
      • The Bank and GFDRR are contributing to consultations with the government of Sri Lanka on how adaptive social safety nets could be used to help poor households cope with and recover from disasters.
      • In Accra, Ghana, city officials requested evidence on the relation between poverty and flood risk to understand how to better serve the city’s most vulnerable residents. In response, GFDRR carried out a study that informed the preparation of the $200 million IDA investment, the Greater Accra Resilient and Integrated Development project.
      • As part of the Tanzanian Urban Resilience Program, GFDRR carried out a citywide analysis of poverty and flood risk in Dar es Salaam. The resulting report helped improve understanding of how households experience and cope with floods, which in turn helped inform flood damage calculations and supported ongoing discussions with the government on the implementation of a flood prevention action plan report.
    • In September 2019, the Global Commission on Adaptation  published its flagship report which found that investing $1.8 trillion in 5 sectors of climate adaptation can yield up to $7.1 trillion in economic benefits. The Commission, co-chaired by Ban Ki-moon, Bill Gates, and Kristalina Georgieva, was created to accelerate action and support for  adaptation, convened by 19 countries, guided by 33 commissioners, and supported by a global network of research partners and advisors, including the World Bank, who provide scientific, economic, and policy analysis.
    • Niger, in partnership with the CIF and the Bank, is laying the groundwork for a more resilient future by placing nearly 37,000 hectares of silvo-pastoral land and over 4,440 hectares of agricultural land under improved management. This has led to a 62% increase in crop yields in target areas. In parallel, these investments are equipping 221 communities with resilience-building technologies that foster climate-smart agricultural approaches and improve access to enhanced weather information.

    Transport

    • The transport sector presently contributes about a quarter of global energy-related GHG emissions and 16% of total GHG emissions. Therefore, decarbonizing transport is crucial to helping countries meet their climate commitments. At the same time, transport infrastructure is particularly vulnerable to climate risk. Weather events such as floods or landslides can quickly paralyze transport networks, with a severe knock-on effect on economic life and recovery efforts. Long-term changes in temperatures and precipitation patterns also tend to reduce the lifespan and reliability of transport assets. To address these challenges, the Bank supports an extensive range of climate-smart transport projects in low- and middle-income countries. Between FY11-20, we committed a total of $14.2 billion to support low-carbon and resilient transport infrastructure, policies, and planning. 52% of Bank transport project financing in FY19, approximately $1.5 billion, generated mitigation and/or adaptation climate-co benefits.
    • The Bank is helping countries around the world expand and upgrade their public transport systems. In Dakar, Senegal, it is working with partners to help develop a new transport system aimed at moving 300,000 passengers per day. The Dakar Bus Rapid Transit (BRT) Pilot Project will improve travel conditions and reduce by half the average rush hour in-vehicle travel time by public transport. It combines contributions from IDA as well as other development partners and an expected financing of over $50 million from the private sector through a PPP structure. Senegal's NDC lists the BRT as central to reducing the country’s transport-related carbon emissions.
    • In Quito, Ecuador, the Bank has been supporting the construction of the country’s first metro line through two successive loans totaling $435 million. Once fully integrated with the rest of the public transport network, the 23-km line will save an estimated 65,000 tons of GHG emissions per year, and provide 377,000 daily riders with a fast, reliable way to access jobs and essential services. The system is expected to become fully operational by 2021. Other key partners for the project include the Inter-American Development Bank, the Development Bank of Latin America, and the European Investment Bank.
    • Shifting freight traffic from roads to railways and waterways can significantly reduce the overall carbon footprint of transport. As part of this approach, the Bank has committed $375 million to India’s National Waterway 1 project, a modern inland waterway over a 1,360-km stretch of the Ganga River. The upgraded waterway will save an estimated 162,000 tons of CO2 emissions per year. In the face of growing climate risk, we are working with client countries to design more resilient infrastructure, enhance maintenance, and build alternative connections between strategic points. In Mozambique, following cyclones Idai and Kenneth, the Bank’s $110 million Integrated Rural Roads Development Project, re-established links between agricultural product growers and consumers and restored communities’ access to education and health services, helping the country recover.
    • Due to their size and location, Small Island Developing States (SIDS) are disproportionately affected by climate change. In a bid to enhance the overall climate resilience of SIDS, the Bank has substantially increased assistance to the transport sector in many of these countries, with a clear focus on climate change adaptation. In fact, a record eight transport projects have been launched in SIDS over FY19—all of which have been designed with climate risk in mind. Although, in many cases, resilience provisions are a component of broader-scope transport projects, there has been an increasing number of projects dedicated entirely to climate risk—reflecting the strategic importance of the resilient transport agenda. A good example is the Pacific Climate-Resilient Transport Program, a series of projects currently under implementation in SamoaTongaTuvalu, and Vanuatu, with more countries expected to join the Program in a second phase.
    • In Bogota IFC is supporting the development of the TransMicable cable cars that link low-income neighborhoods with the primary bus system, and the expansion of the BRT system the ‘TransMilenio corridors’  with a financing package of $140 million.  The cable car project has reduced commute times for the poorest residents from 2 hours to 13 minutes and increased access to jobs. IFC is also supporting the city in enhancing its environmental and social standards, in particular, a community engagement program in one of the poorest areas of Bogota, in order to mitigate risk, improve development impact, and help attract private capital.
    • Recent decentralization reforms in Ukraine have given municipalities greater fiscal autonomy and enhanced their ability to raise financing, thus paving the way for IFC’s first pilot project in the city of Mariupol. IFC provided a EUR 12.5 million loan to Mariupol to procure 64 modern low-floor, large-capacity buses and upgrade the supporting infrastructure, including a bus depot, bus workshop tools and equipment, and existing traffic planning and management system. IFC is also providing advisory services to improve the regulatory approach and governance structure of the public transport system in Mariupol thus helping achieve financial sustainability while ensuring a safety net for the vulnerable and poor.
    • In January 2020, a vehicle scrapping and recycling program in Egypt supported by World Bank’s Carbon Partnership Facility (CPF) delivered all of the carbon credits in its contract with the Facility’s Participants. More than 46,000 new taxis have replaced aging taxis in Cairo alone, some of which were over 50 years old. This represents over 90% of Cairo's taxi fleet. This project has reduced accidents and emissions of PM10 and other pollutants affecting air quality and human health. The equivalent of over 340,000 tons of carbon dioxide were avoided between 2013 and 2018 as a result of the program.

    Food and Agriculture

    • In 2019, 53% of the Bank’s agricultural investments are directly financing climate mitigation and adaptation measures, up from 28% just 4 years ago.
    • Climate change is a major driver of the current Desert Locust outbreak. Unusual weather conditions exacerbated by climate change created ideal conditions for locust numbers to surge. 2019’s increasing temperatures in the Western Indian Ocean gave rise to abnormally heavy rainfall, creating humid conditions that were ideal for hatching and breeding, and strong cyclones in typically arid areas of Africa and the Middle East helped dispersed the swarms. The Bank Group is working to provide flexible support to countries affected by the Desert Locust Outbreak. In response to urgent need, the Bank Group will provide financing, complemented by policy advice and technical assistance, to help countries mobilize a response to the outbreak.
    • The Niger Irrigation Program initiative is a three-year partnership between IFC, the CIF, and Netafim, a global leader in micro-irrigation technology. Family-size drip- irrigation systems are installed on parcels of land across Niger ranging from 250 square meters to 2500 square meters.  The technology – powered entirely by solar energy pumps – slowly delivers water to the base of a plant, drip by drip. So far, Netafim has trained more than three hundred farmers to use this technology, more than half of whom are women. Participating farmers have reported water savings from 30 to 55%.
    • The West Africa Agricultural Productivity Program (WAAP), a regional program involving 13 countries and multiple partners, helped develop climate-smart varieties of staple crops, such as rice, banana plantain and maize. Collaboration with cooperative and extension workers across West Africa helped deliver 233 improved technologies including climate-smart crop varieties to farmers; provided climate-smart technologies such as post-harvest and food processing technologies; and trained farmers on climate-smart practices such as composting and agroforestry. Farmers also gained access to technologies such as efficient water harvesting systems. As of July 2019, the project had directly helped more than 9.6 million people and more than 7.6 million hectares of land be more productive, resilient and sustainable. Beneficiary yields and incomes have grown by an average of about 30%, improving food security for about 50 million people in the region.
    • In March 2017 IFC committed over $40 million in a loan through the Global Warehouse Finance Program (GWFP) to Sofitex, an agriculture export company in Burkina Faso. The project aligns with World Bank’s Sahel Irrigation Initiative and supports Burkina Faso’s NDC. The loan enables farmers use of efficient warehousing facilities to reduce post-harvest losses and includes advisory support to help Sofitex client farmers realize ~40% and ~30% increases in cotton and maize yields respectively without exploiting ground water resources.

    Forests and Landscapes

    • The World Bank’s forest and land use funds work to provide results-based payments for the reduction GHG emissions from the forest and land-use sectors. These funds work across nearly 50 countries and have a combined capital of over US$1.5 billion. In addition to the focus on implementation and readiness for reducing emissions from deforestation and forest degradation and developing sustainable land use activities, these initiatives also deliver poverty and societal co-benefits to stakeholders in program areas, with a notable focus on the role and involvement of indigenous peoples.
    • Chile, Democratic Republic of the Congo, Ghana and Mozambique –all countries with globally significant forest resources – have signed landmark agreements with the World Bank that reward community efforts to reduce carbon emissions by tackling deforestation and forest degradation. Together, these four agreements, known as Emission Reductions Payment Agreements, unlock performance-based payments of up to US$181 million. The payments will come from the Forest Carbon Partnership Facility Carbon Fund, whose Secretariat is hosted by the World Bank. Several other countries are expected to finalize similar agreements in the coming months.
    • In Colombia’s biodiversity-rich region of Orinoquía, increased livestock production has contributed to the clearing of more than 1 million hectares of forests. A sustainable cattle ranching program there is teaching farmers silvopastoral methods that bring together trees, forage plants and livestock to help them adapt to the challenges of a changing climate. Colombia’s program with the World Bank’s BioCarbon Fund Initiative for Sustainable Forest Landscapes is focused on promoting sustainable agricultural production like this to help reduce emissions from the land use sector.
    • The World Bank, through its Forest Carbon Partnership Facility, has supported the launch of a first-of-its-kind global forest monitoring portal. This “one stop shop,” hosted by the Global Forest Observations Initiative and created in partnership with other leading organizations, provides comprehensive information on more than 400 forest monitoring activities in 70 developing countries. The portal helps stakeholders identify gaps, share resources, avoid overlaps and explore opportunities for new partnerships in the development of national forest monitoring systems and GHG accounting. It is also meant to support reporting on progress towards the SDGs, the Paris Agreement, and other development goals and priorities.
    • Supported by the CIF, the $80 million Dedicated Grant Mechanism for Indigenous Peoples and Local Communities is a one-of-a-kind initiative that empowers indigenous peoples and local communities to lead and engage in sustainable forestry dialogue and actions. It is part of the CIF Forest Investment Program, which globally is reducing the equivalent of 12.3 million metric tons of carbon dioxide, putting over 30 million hectares of forests under sustainable management, and benefiting more than 1.3 million people.

    Cities

    • The Bank has worked in cities and towns across over 140 countries, investing $4.6 billion during fiscal year 2019 in disaster risk management.
    • Established in June 2017, the City Resilience Program (CRP) – a partnership between the Bank and GFDRR – is a multi-donor initiative aimed at increasing financing for urban resilience. The Program strives to catalyze a shift from a primarily siloed, single-stream city-level resilience operations approach to longer term, more comprehensive, multi-disciplinary packages of technical and financial services, building the pipeline for viable projects at the city level that, in turn, build resilience.
    • As a starting point for engaging with cities to support them to effectively plan for resilience, the CRP has delivered 41 City Scans which provide a series of maps, visualizations, and analysis which spatially lay out the city’s risk information and the built environment.
    • Urban resilience goes hand in hand with environmental sustainability. The World Bank’s Global Platform for Sustainable Cities  is a partnership and knowledge platform that includes 28 cities across 11 countries that have received $151 million from the Global Environment Facility. This support has leveraged $2.4 billion in project co-financing. The platform promotes integrated solutions and cutting-edge knowledge for cities seeking to improve their resilience and overall urban sustainability in the areas of indicators and tools, integrated urban planning and management, and municipal finance
    • As part of its focus on cities, IFC analysis estimates that there is a $24.7 trillion opportunity in green buildings in emerging market cities to 2030 and showing how financiers, governments, developers and building owners can take the lead in shaping and accelerating this multitrillion-dollar business opportunity.
    • IFC has developed a green building certification tool for emerging markets known as EDGE (Excellence in Designing Greater Efficiencies), which is available in 154 countries for residential, public and commercial projects. EDGE stimulates demand for green buildings and boosts the capacity of developers and banks to build and finance environmentally friendly construction. As of September 2019, nearly 7.5 million square meters of floor space have been EDGE-certified, with CO2 savings of over 130,000 tons per year.
    • IFC’s cumulative commitments for green buildings have reached a total of $3.9 billion dollars, including own account investments and mobilized financing. In FY19, IFC committed $375 million of own-account in green buildings, mobilizing an additional $412 million for a total of $787 million.

    Innovative Partnerships

    • In April 2019, at the Spring Meetings of the World Bank Group and International Monetary Fund, Finance Ministers from more than twenty countries  aimed at driving stronger collective action on climate change and its impacts. The Coalition of Finance Ministers for Climate Action endorsed the Helsinki Principles at that meeting, a set of six principles that promote national climate action, especially through fiscal policy and the use of public finance. The membership of the group has since more than doubled, comprising over 50 countries covering 30% of global GDP. Finance Ministers also gathered at COP in Madrid where they launched the Santiago Action Plan which details how progress will be made on each of the Helsinki Principles.
    • The Carbon Pricing Leadership Coalition (CPLC), an initiative that WBG helps convene and support, brings together leaders from national and sub-national governments, the private sector, and civil society with the goal of putting effective carbon-pricing policies that maintain competitiveness, create jobs, encourage innovation and deliver meaningful emission reductions.
      • The High-Level Commission on Carbon Pricing and Competitiveness— comprising CEOs and senior executives from leading global companies, as well as former high-level government officials and representatives from academia— launched its flagship report in September 2019 calling on industry peers and governments to adopt strong carbon pricing policies. As more businesses develop low-carbon strategies, supportive government policies can act in tandem to unlock economic opportunities and manage competitiveness concerns.
      • CPLC supports the Carbon Pricing Dashboard, an interactive online platform that provides up-to-date information on existing and emerging carbon pricing initiatives around the world.
      • In 2017, the Coalition also supported the report from the High-Level Commission on Carbon Prices.
    • Since 2011, the Partnership for Market Readiness (PMR) has been a forum for collective innovation and action and a fund to support capacity building to scale up climate change mitigation.
      • PMR Participants include 19 developing countries that account for almost 40% of global GHG emissions and represent more than half of the world’s population and 23 developing countries that account for 40% emissions and represent 54% of the global population. For example, with support from the PMR, South Africa passed a national carbon tax with a price starting at R120 ($8.20) effective from June 1, 2019. It is the first country in Africa to pass a national carbon tax.
    • The Partnership for Market Implementation (PMI) was launched at COP25 in Madrid, by the Bank, the UNFCCC and country partners including Canada, Chile, Colombia, European Commission, Finland, Germany, Japan, Netherlands, Norway, Spain, Sweden, Switzerland, United Kingdom and Vietnam. The Partnership will provide technical assistance to countries to design, pilot and implement carbon pricing and market instruments. It will support the direct implementation of carbon pricing in at least 10 developing countries and help a further 20 countries get ready to do so.
    • The Connect4Climate (C4C) global partnership program of the Communications for Climate Change Multi Donor Trust Fund connects over 500 organizations to drive global and local climate action through advocacy, operational support, research and capacity building. Its use of creative communications approaches enables C4C to engage and activate diverse audiences, with a particular focus on amplifying youth voices and collaborating with the creative industries, including but not limited to film, fashion, music and sports, to inspire meaningful behavior change.
      • C4C has hosted Digital Media Zones at events such as the GEF Assembly in Vietnam and COP25 in Madrid, amplifying messages of climate action for a global audience,  as well as facilitating high-profile events that bring together policy, science and art, such as the IPCC’s 30th anniversary celebration in Bologna.
      • At COP25 in Madrid, C4C championed the message of #WeAreAction through the launch of a green bowtie campaign, youth-focused video content, side events, and an Instagram portrait series featuring young climate leaders from around the world.
      • C4C helped produce the feature documentary Youth Unstoppable that chronicles the rise of the global youth climate movement and continues to inspire young people around the world to take action. At COP24 in Poland, C4C invited director Slater Jewell-Kemker and Greta Thunberg for a conversation on how to roll-out transformative solutions with young people at the center.
      • The Great Green Wall feature documentary  follows the journey of Malian musician Inna Modja as she takes us on an epic quest along Africa's Great Green Wall — an ambitious vision to grow an 8,000km 'wall’ of green stretching across the entire width of the continent to restore productive land and provide a future for millions of people.  C4C has partnered with UNCCD on the global advocacy campaign around the film to increase support for the Great Green Wall and help young Africans take part in the regeneration and renewal of their land.   
      • From Singapore to Bangkok to New York to Madrid, the new C4C #YouthTakeover has become a dynamic engagement tool where communications and film students are invited to take over C4C’s social media coverage of important climate events. These young people have the chance to increase their climate literacy and communications skills while telling compelling stories in innovative and creative ways to C4C’s audience through Instagram stories, Tweets, articles and video content.
      • At UNGA74, C4C partnered with Youth Climate Lab to host a Policy Jam on Unlocking Climate Finance, attended by over 100 young people from all over the world.  The outcomes of this innovative workshop were presented at the High-Level Dialogue on Financing for Development, bringing youth voices and proposals into official UN spaces.

    Last Updated: Apr 14, 2020


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