Transformation is a word we use so often in our daily lives that it seems strange to stop and think about what it really means. But in adaptation circles, the definition and role of transformation has recently become a hot topic of conversation, in part because transformational change was an important theme of the recent IPCC Fifth Assessment Report, Climate Change 2014: Impacts, Adaptation, and Vulnerability.
The World Bank consistently makes the link between poverty elimination and the need to curb climate change. Yet a WRI analysis shows that of the investments the World Bank financed between 2012 and 2013, only one-quarter addressed climate change risks.
Dr. Karin Kemper, director of climate policy and finance in the World Bank Group’s (WBG) Climate Group, shares the Bank's current and future plans to more fully incorporate climate change mitigation and adaptation into its international development agenda.
Recently, WRI hosted a roundtable on Adaptation Finance in Washington, D.C., bringing together experts in development and climate finance to discuss this challenge: Countries and donors are mobilizing hundreds of millions of dollars to help people adapt to a changing climate. How do they get it to the local communities that need it most?
Although the World Bank has successfully addressed a number of important economic and social risks in its projects, it is falling short in recognizing climate risks. As the World Bank refreshes its long-term strategies, this is a key moment to bring climate change—and more broadly, sustainability—to the forefront of its investment agenda.
Assessing Principles of Sustainable Development and Governance in the World Bank's Project Plans...
As the challenges facing the world—from economic uncertainty and political unrest, to the increasingly severe impacts of a changing climate—have grown, the World Bank is seeking to reinvent itself and help its developing member countries address these challenges.
To understand the World...
Reporting on a Series of Three Workshops
This working paper reports on a series of three regional workshops in which participants from governments in Latin America, Africa and Asia reflected on the main technical, policy, and capacity challenges to monitoring climate finance, and exchanged experiences on efforts that are under way in...
The Green Climate Fund (GCF) has big ambitions: It aspires to become the main global fund for providing climate change finance, contributing to activities like the design of resilient cities and the expansion of low-emission power generation.
While the GCF Board should be ambitious and innovative, they can also look to what’s been done before. Drawing knowledge from the experiences of other critical climate and development funds is one way to ensure that the GCF succeeds.
Readiness is a hot topic for the newly established Green Climate Fund (GCF), as it heads towards its 6th Board meeting in Bali, Indonesia next week. At the meeting, the Board is expected to make a decision on what the GCF’s readiness program will look like. It will likely be narrow in focus, which makes sense based on its limited funding and timeframe. Yet as the GCF moves forward, it is important to remember countries’ broader readiness needs and to be flexible in finding the right institutions to channel funds in the short term.
The world spent $50 billion dollars per year on weather-related disasters in the 1980s, according to the World Bank. Today, we spend roughly $200 billion annually. Twenty-five extreme weather and climate events in 2011 and 2012 caused more than $188 billion of damages in the United States alone. And yet—despite these escalating costs and risks—the world continues to emit dangerous amounts of greenhouse gases.
It’s time for a climate change reality check.