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  • Blog post

    Q&A with Dr. Karin Kemper: How Is the World Bank Addressing Climate Change?

    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.

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  • Blog post

    Injecting Urgency into the World Bank's Climate Change Efforts

    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.

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  • Publication

    Designed for the Future?

    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...

  • News
  • Blog post

    2 Big Issues to Tackle as the Green Climate Fund Sets Up Shop

    The world will need to spend an estimated US$5.7 trillion annually in green infrastructure by 2020 in order to limit global temperature rise to 2 degrees C. This week, it took a step toward creating an institution – the Green Climate Fund – that will be pivotal in achieving this goal.

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  • Blog post

    Is Adaptation Short-Changed? The Imbalance in Climate Finance Commitments

    One of the biggest successes from 2009’s COP 15 conference was securing funding for climate change adaptation and mitigation in developing countries. Donor nations agreed to “provide new and additional resources […] approaching $30 billion for the period 2010–2012, with balanced allocation between adaptation and mitigation.” They also committed to mobilize $100 billion a year by 2020.  
    

    But the agreement left a key question unresolved: how should funding be “balanced” between adaptation and mitigation? Should the funding balance be 50/50 between adaptation and mitigation or should it based on each country’s needs? Should funding include both private and public sector investment? These are some of the questions that negotiators will need to address during COP 19 in Warsaw.

    But whatever they decide as being a “balanced commitment,” one thing is clear: finance for adaptation needs to increase in the coming years.

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  • Publication

    Within Reach

    Strengthening Country Ownership and Accountability in Accessing Climate Finance

    This working paper explores the concepts of ownership and accountability in climate finance in detail, and draws on experiences from development effectiveness and more recent experience of...

  • Blog post

    U.S. Signals the End of Public Money for Coal-Fired Power

    U.S. public financing for overseas coal-fired power is likely coming to an end.

    That’s the clear signal from the U.S. Department of Treasury’s announcement earlier this week. At institutions like the World Bank, where the United States is the largest shareholder, this decision holds real significance.

    Share

  • Blog post

    The World Bank’s New Strategy: A Call for Equity and Sustainability

    Under the new leadership of Dr. Jim Yong Kim, the World Bank Group continues to reinvent itself to meet the challenges of global development. That reinvention will continue this Saturday, when the Board of Governors is expected to endorse a new strategy for the institution. If properly implemented across the Group, the strategy could help boost the institution’s contribution to equitable and sustainable development. Two areas of focus will be especially important, including how the Group handles its work on climate change and selects its investments.

    Share

  • News

Pages

Q&A with Dr. Karin Kemper: How Is the World Bank Addressing Climate Change?

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.

Share

Injecting Urgency into the World Bank's Climate Change Efforts

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.

Share

Designed for the Future?

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...

2 Big Issues to Tackle as the Green Climate Fund Sets Up Shop

The world will need to spend an estimated US$5.7 trillion annually in green infrastructure by 2020 in order to limit global temperature rise to 2 degrees C. This week, it took a step toward creating an institution – the Green Climate Fund – that will be pivotal in achieving this goal.

Share

Is Adaptation Short-Changed? The Imbalance in Climate Finance Commitments

One of the biggest successes from 2009’s COP 15 conference was securing funding for climate change adaptation and mitigation in developing countries. Donor nations agreed to “provide new and additional resources […] approaching $30 billion for the period 2010–2012, with balanced allocation between adaptation and mitigation.” They also committed to mobilize $100 billion a year by 2020.  

But the agreement left a key question unresolved: how should funding be “balanced” between adaptation and mitigation? Should the funding balance be 50/50 between adaptation and mitigation or should it based on each country’s needs? Should funding include both private and public sector investment? These are some of the questions that negotiators will need to address during COP 19 in Warsaw.

But whatever they decide as being a “balanced commitment,” one thing is clear: finance for adaptation needs to increase in the coming years.

Share

Within Reach

Strengthening Country Ownership and Accountability in Accessing Climate Finance

This working paper explores the concepts of ownership and accountability in climate finance in detail, and draws on experiences from development effectiveness and more recent experience of...

U.S. Signals the End of Public Money for Coal-Fired Power

U.S. public financing for overseas coal-fired power is likely coming to an end.

That’s the clear signal from the U.S. Department of Treasury’s announcement earlier this week. At institutions like the World Bank, where the United States is the largest shareholder, this decision holds real significance.

Share

The World Bank’s New Strategy: A Call for Equity and Sustainability

Under the new leadership of Dr. Jim Yong Kim, the World Bank Group continues to reinvent itself to meet the challenges of global development. That reinvention will continue this Saturday, when the Board of Governors is expected to endorse a new strategy for the institution. If properly implemented across the Group, the strategy could help boost the institution’s contribution to equitable and sustainable development. Two areas of focus will be especially important, including how the Group handles its work on climate change and selects its investments.

Share

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