Topic: sustainable development

Striking the Balance: Ownership and Accountability in Social and Environmental Safeguards

Sarah Parsons — Thu, 11 Apr 2013 15:05:46 -0400

Executive Summary

Many governments around the world have put in place systems to help ensure that investments in changes such as infrastructure projects, government programs or new national laws do not bring undue harm to their citizens or environment. The effectiveness of these systems in successfully preventing negative impacts varies widely. Developing countries tend to have a particularly difficult time ensuring that investments within their borders meet minimum social and environmental standards. As a result, many financial institutions have established their own policies to help ensure that their investments do not result in harm to vulnerable communities or ecosystems. These policies are generally known as “safeguards.” Although safeguard policies provide vital protection against risks to people and the environment, properly designing and implementing these policies means navigating complex relationships between financial institutions, governments, and the citizens of recipient countries.

The World Bank (the Bank) has been at the forefront among multilateral development banks in developing safeguard policies. In recent decades, the Bank has experimented with different approaches to social and environmental protection. These approaches respond in part to variations in the way in which countries receive money from the Bank, such as investments in projects versus policies. They have also emerged in reaction to the changing global landscape. Some developing countries have become richer and created stronger systems to protect people and the environment. The global community has also realized the value of letting developing countries define their own development path. At the same time, the pressing need to protect our global common goods and most vulnerable communities has become more apparent.

This working paper seeks to help the Bank and other financial institutions take stock of experiences to date and distill lessons for the future. We look at four different approaches to protecting against social and environmental harm: the traditional safeguards approach, which applies to most project lending; the Use of Country Systems approach, which the Bank has applied to some project lending on a pilot basis; the approach used for Program for Results investments, which applies to the Bank’s results-based lending pilot; and the approach used for Development Policy Loans, which applies to loans that support changes to policies and institutions.

While all four of these approaches rely on the rules and institutions of the recipient country, they do so to different degrees. Through an analysis of the strengths and weaknesses of each of approach, we arrive at seven lessons for the World Bank and other financial institutions looking to balance ownership and accountabil¬ity in their social and environmental policies:

Building on country safeguard systems can enhance ownership and incentives for safeguard implementation.
Minimum standards and positive incentives can clarify requirements and encourage countries to strive toward more ambitious social and environmental goals.
Safeguard implementation requires anticipating risks, planning to deal with those risks, managing and monitoring implementation, and responding to harm.
Proper safeguard implementation requires people on the ground to engage, collaborate and problem solve.
Recipient country safeguard systems still need support.
Citizens play a key role in any effective safeguard system.
To successfully balance ownership and accountability, safeguard approaches need to recognize differences among countries, sectors, and projects.

ADVISORY: CONNECTKaro sustainable transport and urbanization event set to kick-off in Mumbai

Lauren Zelin — Thu, 11 Apr 2013 14:27:27 -0400

On April 15-16, Indian and international experts will discuss the current scenario of sustainable transport and urban planning in India, and the opportunities for the future of sustainable cities

EMBARQ India, the World Resources Institute’s centre for sustainable transport and urban planning in India, will be hosting CONNECTKaro, a conference that brings together international leaders in sustainable transport and urban development April 15-16 in Mumbai. This is the inaugural meeting of CONNECTKaro, the regional event part of a global series of events focused on sustainable transport that the EMBARQ network organizes. Over 150 experts including government officials, policy makers, and practitioners in the field of urban transport and urban planning will convene in Mumbai, India, to participate in this global gathering.

The theme for the conference is “Karo” – to make it happen – to translate ideas into action. Scaling sustainable transport and ensuring it is integrated with land development is key for Indian cities as they grow in population, economically and spatially, over the next decade. The ideas of sustainable transport and integrated land development have been demonstrated in a few cities around the world. CONNECTKaro sessions will focus how these can be adapted and replicated in India.

EMBARQ India’s bi-annual Bus Karo Plus “Talking Transit” workshop series will be part of the conference, held in partnership with the Brihanmumbai Electrical Supply and Transport Undertaking (BEST).

The opening plenary session, on April 15, will set the vision for the conference and will include remarks from Dr. Sudhir Krishna, Secretary, Ministry of Urban Development; Mr. UPS Madan, Commissioner, MMRDA; Mr. OP Gupta, General Manager, BEST Undertaking; Mr. Jamshyd Godrej, Chairman and MD, Godrej and Boyce Ltd; Ms. Henriette Vamberg, Director, Cities, Gehl Architects, and Mr. Madhav Pai, Director, EMBARQ India.

On April 16, the closing plenary will focus on “Market Opportunities for Sustainable Transport” and will include: Mr. Manish Bapna, Executive VP and Managing Director, WRI; and Mr. Madhav Pai, Director, EMBARQ India; along with Mr. Anil Baijal, Non Executive Chairman, IDFC Foundation / Former Secretary, Ministry of Urban Development, Government of India; Mr. Jamshyd Godrej, Chairman WRI India; and Dr. Armin Bruck, CEO Siemens India.

Other sessions of the conference include road safety in Indian cities, enhancing safe access to transit nodes, transit-oriented development, master planning, the role of auto-rickshaws in sustainable transport, and others, bringing together industry experts to discuss the current scenario and the way forward in effecting positive interventions in sustainable transport and urban planning.

You can find a detailed programme of events here.

WHAT:
CONNECTKaro, a sustainable transport and urban development conference

WHEN:
April 15 – 16, 2013

WHERE:
Trident Hotel
Nairman Point
Mumbai, India

To watch the sessions in a live webcast, register here

For more information or to set up media interviews, please contact dkottadiel@embarqindia.org

ADVISORY: WRI and IMF to Host Major Speech by Lord Stern

Lauren Zelin — Mon, 25 Mar 2013 11:18:00 -0400

“Fostering Growth and Poverty Reduction in a World of Immense Risk”

Live webcast, video, and PowerPoint presentation available at bit.ly/sterndc

In the six turbulent years after the ground-breaking Stern Review, the risks of unmanaged climate change are substantially higher. On Tuesday, April 2, the International Monetary Fund (IMF) and World Resources Institute (WRI) will co-host a major speech by Lord Nicholas Stern analyzing how the risks have changed, and arguing that the transition to the low-carbon economy is an opportunity for growth and poverty reduction.

Lord Stern will be introduced by Christine Lagarde, Managing Director, IMF, with commentary by Dr. Andrew Steer, President, WRI. Closing remarks will be delivered by Rachel Kyte, Vice President of Sustainable Development, World Bank.

This event will include an interactive discussion and is open to the media.

WHAT:
Address by Lord Nicholas Stern on “Fostering Growth and Reducing Poverty in a World of Immense Risk” co-hosted by IMF and WRI.

WHO:
Lord Nicholas Stern, Chair, Grantham Research Institute
Christine Lagarde, Managing Director, IMF
Dr. Andrew Steer, President and CEO, WRI
Rachel Kyte,Vice President of Sustainable Development, World Bank

WHEN:
Tuesday, April 2, 2013

TIME:
2:30 – 4:00 p.m.
Note: Guests should arrive 15 minutes early to register; Photo ID required

WHERE:
IMF Headquarters
Building 2, Conference Hall 1
1900 Pennsylvania Avenue, NW
Washington, DC

SOCIAL MEDIA:
Please use #sterndc to tweet about this event. We will take questions via Twitter.

RESOURCES
Live webcast, video, and PowerPoint presentation available at bit.ly/sterndc

RSVP required to press@wri.org

Mobilizing Climate Investment: The Role of International Climate Finance in Creating Readiness for Scaled-Up, Low-Carbon Energy

Sarah Parsons — Fri, 22 Feb 2013 15:20:51 -0500

Executive Summary

Between now and 2050, developing countries need an estimated $531 billion per year of additional investment in energy supply and demand technologies in order to limit global temperature rise to 2° C above pre-industrial levels. To achieve this scale of investment, developing country governments and custodians of international public finance will need to deploy limited public finance in ways that leverage an unprecedented volume of private sector investment. Despite growing global investment in low-carbon energy and falling costs, it will be difficult to achieve the scale and urgency of investments needed without the appropriate policy, institutional, industry, and financial conditions. Governments and their international partners need to undertake “readiness” activities designed to put in place the conditions that attract scaled-up investment and enable a transformation toward low-carbon energy development pathways.

Drawing on six developing country case studies, this report identifies a set of key lessons and insights for readiness. The report develops a framework to identify and prioritize readiness activities that will require public financial support to create the conditions necessary to scale up investments in renewable energy and energy efficiency (collectively referred to as low-carbon energy). The report discusses the implications of the findings for international climate finance and draws a number of recommendations for the Green Climate Fund (GCF). It targets international public funds and institutions looking to accelerate investment in low-carbon energy, as well as developing country governments looking to identify and prioritize activities for funding.

Enabling conditions for scaling up investment

We identify a number of policy and institutional, industry, and financial sector conditions that can attract scaled-up public and private investment in low-carbon energy. Policy and institutional conditions include plans and targets for low-carbon energy, institutional capacity to effectively implement climate change and energy policies, laws supporting investment in low-carbon energy, and regulatory and fiscal instruments to implement laws. Industry conditions include the capacity of developers to prepare bankable projects, information on renewable resource availability or options to conserve energy, engineering capacity, and the presence of a support industry and enabling infrastructure. Financial conditions include a stable financial sector with the capacity and range of financial products needed to support low-carbon energy.

In six case studies, we analyze the role that enabling activities have played in promoting scaled up investment in low-carbon energy, and the role that international public finance has played in supporting such activities. These case studies examine energy efficiency in Thailand, wind power in South Africa, solar water heaters in Tunisia, geothermal power in Indonesia, wind power in Mexico, and energy efficiency in India. Taken together, the case studies suggest two overarching determinants of success in scaling up investment: government leadership and effective responses to pricing distortions. When government leadership is strong, a commitment to policy and institutional reform and implementation of stated goals usually follows. This in turn strengthens the investment climate and increases investor confidence. In cases where market failures severely distort the market in favor of carbon-intensive energy sources, it has been more difficult to create the conditions that attract investment in low-carbon energy.

Lessons learned for the design of readiness activities

The case studies also reveal a number of lessons about the design of readiness activities and the role of international partners in supporting them.

Small amounts of long-term funding for enabling activities can help scale up investment

In each case study, small investments in enabling activities—from several hundred thousand dollars to several million dollars—helped pave the way for scaled up private and public investments by supporting the creation of conducive policies and market conditions. International support has been most effective when sustained over five or more years. Technical support can also be more effective if international advisors are integrated into national institutions and report to national, rather than international, authorities.

International support is likely to be more effective if it identifies and targets a few critical barriers to investment. In countries with comparatively few enabling conditions for investment, attempts to simultaneously surmount all investment barriers may result in resources being spread too thin to achieve a significant impact. Chapter 4 presents a framework that can aid governments and their international partners in identifying activities to support.

Strengthening the enabling environment should not end when investment begins. In each case study, readiness activities and larger investment took place simultaneously. Even in cases where the investment climate was already strong, there was still scope for additional enabling activities to address specific gaps.

Integrated, inclusive planning processes and policy and institutional reform are key to attracting investment

The integration of low-carbon energy into a broader development agenda can enhance coordination and alignment between different sectors of the economy. Civil society and private sector actors can bring valuable expertise and experience to the planning process, and play important roles in ensuring that low-carbon energy policies and plans are realistic, robust, and tailored to the needs of the country. International support should be aligned with national plans and priorities for effective and sustained outcomes, and should be flexible enough to respond in a timely manner to evolving priorities.

Changes to the policy and regulatory environment proved crucial to attracting investment on a significant scale in the case studies. International support for the design of policies is likely to be effective only if it is demand-driven and not seen as infringing on national sovereignty. Countries that have set up their own financial mechanism to support low-carbon energy projects are well positioned to implement their objectives effectively and independently, thereby reducing their reliance on international partners to finance their low-carbon energy needs.

Having the appropriate institutions in place to develop, implement, and regulate policy reforms—and empowering them with the mandate and resources to carry out their functions effectively—helped ensure that policies were coherent and consistent, which increased investor confidence.

In key institutions, strengthening the capacity of staff and management to carry out their functions is an important readiness activity that often requires international funding support. The case studies suggest that capacity-building support is most effective when carefully targeted to address particular skills gaps.

Tackling information barriers and strengthening industry and financial sector capacity can unlock investment

Public support for broad-scale renewable resource assessments or exploration can provide information on resource availability that is key to attracting investor interest. Similarly, measures to familiarize industry and other actors with low-carbon energy options—such as training centers, awareness campaigns, and seminars and workshops that bring together stakeholders—can strengthen industry knowledge of and capacity to implement renewable energy projects, and raise awareness of the potential cost savings from energy efficiency.

International support plays an important role in facilitating learning and demonstrating new financing models for renewable energy, as well as strengthening industry’s capacity to develop and implement low-carbon energy projects. In some cases, international support to strengthen the capacity of small and medium enterprises (SMEs) and improve their access to financing for low-carbon energy projects has helped unlock investment by this sector of the market.

Financial institutions can play a key role in opening the market for low-carbon energy technologies. However, some financial institutions lack knowledge of and experience with these technologies. Strengthening the capacity of financial institutions to support renewable energy and energy efficiency projects, including through pilot financing programs, has been important in scaling up domestic sources of finance for low-carbon energy in several cases. In some cases, the high risk—real or perceived—of investing in low-carbon technologies without a proven track record in the country has deterred domestic financial institutions. Mechanisms that carefully allocate risks to those best placed to manage them can help attract financing from domestic banks and other financial institutions.

A framework for guiding readiness support for low-carbon energy investments

Building on the experiences of the six case studies, we propose a framework to guide governments and their international partners in determining how best to provide readiness support to countries with low-carbon energy sectors in different stages of development. The framework describes some of the activities required to strengthen the enabling policy and institutional environment for investment. In the early stages of development, these include support for assessing energy options, engaging stakeholders in the energy planning process, capacity building for government agencies and civil society, technical support for developing plans and strategies, and outreach activities. In later stages, activities include support for designing and implementing regulations and fiscal instruments, and targeted capacity building for government agencies, including local governments.

The proposed framework also describes some of the activities needed to strengthen the enabling industry and financial conditions for investment. In early stages of development, these include renewable resource assessments and energy conservation awareness campaigns, capacity building for project developers and financial institutions, support for technology transfer and localization, feasibility studies and environmental and social impact assessments, and support for financial sector reform. At later stages, activities include strengthening engineering capacity for low-carbon energy projects, supporting ancillary industries (such as upgrading grid infrastructure), and supporting financial institutions to assess and finance low-carbon energy projects.

Recommendations for the Green Climate Fund

The six case studies illustrate different approaches that various international partners have used to support readiness activities. The lessons learned are intended to inform the recently established GCF as it attempts to identify how best to support a paradigm shift toward low-emission and climate-resilient development pathways. Although the GFC’s detailed operational modalities are not yet defined, it could take a number of approaches to support readiness. These include supporting readiness directly or partnering with existing institutions; establishing distinct channels and allocations for readiness or integrating enabling activities into existing channels and allocations; and supporting readiness through the private sector facility.

ADVISORY: WRI's Stories to Watch 2013

James Anderson — Thu, 20 Dec 2012 14:03:26 -0500

WRI will host its 10th annual Stories to Watch event on Tuesday, January 15, 2013, at the National Press Club in Washington, D.C. Dr. Andrew Steer, WRI’s President & CEO, will present insights into the big environmental and international development trends and events that will affect people and the planet in 2013.

Topics will likely include: What will the Obama Administration do to address climate and energy? How will China’s new leadership advance its goal of “ecological progress”? What countries will emerge on the forefront of sustainability? And, how will financial constraints impact businesses seeking to shift to a more sustainable pathway?

A continental breakfast will be served.

WHAT
World Resources Institute’s Stories to Watch 2013

WHO
Dr. Andrew Steer, President & CEO, World Resources Institute.

Dr. Steer is a leading expert on economic development and environmental issues. He has three decades of experience working on international development and on the front lines in Asia and Africa, and at a senior level in international policy roles.

WHERE
National Press Club
Holeman Lounge
529 14th Street, NW
Washington, D.C. 20045

CALL-IN INFO
USA (Toll Free): (866) 803-2143
International (Toll): + 1 (210) 795-1098

Access code: “WRI”

WHEN
Tuesday, January 15, 2013
9:00 - 10:30 a.m. ET

Use #STW2013 on Twitter.

RSVP required to press@wri.org

COP 18: Doha

Kevin Lustig — Fri, 02 Nov 2012 09:09:59 -0400

WRI Experts at COP 18

WRI Events at COP 18

COP 18 Commentary

From November 26 to December 7, 2012, the United Nations will host the 18th Conference of the Parties (COP) in Qatar.

WRI experts will be in attendance at this latest meeting under the UN Framework Convention on Climate Change (UNFCCC) to help inform the talks. Here, you can find a variety of materials from the World Resources Institute that shed light on key areas of international climate policy.

WRI Resources for COP 18

RELEASE: Two New Online Mapping Applications Launched to Support Sustainable Palm Oil in Indonesia

James Anderson — Mon, 29 Oct 2012 11:08:26 -0400

Forest Cover Analyzer and Suitability Mapper to be used by business and government to reduce deforestation

The World Resources Institute (WRI) is launching two powerful online mapping applications that offer unprecedented capabilities to support industry and government efforts to achieve more sustainable palm oil production in Indonesia. WRI developed these web tools in consultation with the Roundtable on Sustainable Palm Oil (RSPO) and many of its members.

The Suitability Mapper empowers companies and government planners to use a standard, easily replicable method to find potential sites for sustainable palm oil production and plan field assessments for further investigation. The Forest Cover Analyzer provides a unique set of monitoring tools to help buyers, investors, and governments strengthen incentives for avoiding deforestation when developing new plantations.

“Palm oil holds tremendous opportunities for people and business in Indonesia—and should be produced in a way that avoids destruction of vibrant lands and forests,” said Andrew Steer, President of WRI. “These dynamic new online tools will enable companies to better identify the best places for palm oil production and assess deforestation and other factors that are critical for long-term sustainability of this industry.”

Palm oil is the world’s most traded vegetable oil and a major agricultural product of Indonesia, the world’s leading producer. Last year, Indonesia exported 23.5 million tons of crude palm oil, worth about US$19.7 billion. The rapid expansion of oil palm plantations has contributed in places to the loss of Indonesia’s biodiversity and carbon-rich natural forests. At the same time, Indonesia has become the world’s leading producer of RSPO-certified sustainable palm oil, which is produced according to a set of principles and criteria that include avoiding forest loss.

The RSPO was formed in 2004 with the objective of promoting the growth and use of sustainable palm oil products through credible global standards and engagement of stakeholders. The RSPO aims to transform markets to make sustainable palm oil the norm.

“Development of technology and tools such as WRI’s Suitability Mapper and the Forest Cover Analyzer enables RSPO members to practice sustainable oil palm production in a more credible way by identifying the land areas with the least impact to the environment,” said Darrel Webber, Secretary General of the RSPO.

“These two websites make it quick and easy to answer questions that we hear over and over again from industry and government officials” said Beth Gingold, POTICO Research Lead, WRI.

The Suitability Mapper helps users find potential sites for sustainable palm oil production, using a customizable map. The Forest Cover Analyzer allows users to view change in forest cover over time in areas of their choice, using up-to-date satellite data.

Both applications currently cover Kalimantan, the Indonesian portion of the island of Borneo, and will expand to other areas in the months to come.

The following are examples of data derived from the new applications:

There are more than 14 million hectares of potentially suitable land for sustainable palm oil in Kalimantan.
Kalimantan experienced more than 2 million hectares of forest cover loss from 2005 (the RSPO cut-off date for primary forest clearing) to 2010.
There are more than 33 million hectares of high conservation value forest and wetland in Kalimantan with high likelihood of containing high carbon stocks and levels of biodiversity.

The applications were developed in partnership with Sekala, Rainforest Alliance, SarVision, University of Maryland, South Dakota State University, and Puter Foundation. They were designed with Blue Raster and are powered by ESRI.

This project has received generous support from: The United Kingdom Climate Change Unit Indonesia, Johnson & Johnson Family of Consumer Companies, NewPage Corporation, Walmart, The Netherlands Ministry of Foreign Affairs, The Swedish International Development Cooperation Agency, and the International Finance Corporation - Biodiversity and Agricultural Commodities Program. (The International Finance Corporation is not responsible for the implementation or administration of this project).

Visit the website http://www.wri.org/project/potico for more information and to access the web tools.

Watch a video preview of the two tools here.

# # # #

RELEASE: Indonesian President Yudhoyono Honored with “Valuing Nature Award” in NYC

Michael Oko — Mon, 24 Sep 2012 18:10:14 -0400

Three leading global environmental and conservation organizations are honoring Indonesia’s President H.E. Susilo Bambang Yudhoyono with the first-ever “Valuing Nature Award” for his leadership in recognizing the importance of natural resources and working to conserve them. Indonesia, with an area of nearly 2 million square kilometers (772,204 square miles) and over 2 hundred million people, is one of the most important countries when it comes to sustainability, particularly in relation to its globally important biodiversity, forest and marine resources. The award will be presented by the Nature Conservancy, World Resources Institute and WWF at a dinner in New York City, coinciding with the United Nations General Assembly meetings.

President Yudhoyono is specifically being recognized for his leadership in establishing the multilateral Coral Triangle Initiative, which will sustain extraordinary marine and coastal resources in six countries: Indonesia, Malaysia, Papua New Guinea, Philippines, Solomon Islands and Timor-Leste. This region is one of the most biologically diverse areas, home to more than 75 percent of all known coral species and more than 37 percent of coral reef fish. In total, the coral reefs, mangroves, and associated natural habitats are valued at US $2.3 billion. These resources provide jobs, food, and business opportunities for millions of people in the region. Catalyzed by President Yudhoyono, the Coral Triangle Initiative brings together an unprecedented partnership of governments with public sector, private sector, NGOs and others, and offers a model for connecting marine conservation to the health and security of local communities.

Under President Yudhoyono’s administration, Indonesia pledged to achieve 20 million hectares of marine protected areas across the country by 2020, in which the protection will be strictly enforced and sufficiently financed. To date, Indonesia has achieved 13.4 million hectares of marine protected areas, considerably exceeding the target of 10 million hectares by 2010.

The three organizations recognize President Yudhoyono’s significant contributions to valuing nature and look forward to his continued strong conservation leadership.

Following are statements from representatives of the three organizations:

“Some leaders prioritize economic growth, others social equity, and yet others environmental protection. But Indonesia, under President Yudhoyono, is showing that smart environmental policies, smart growth policies, and smart social policies can be mutually reinforcing,” said Andrew Steer, President, World Resources Institute. “The world is watching and admiring this quest for a triple win.”

“There is an urgent need to scale up the pace and collaboration in marine conservation because the challenge simply cannot be conquered by one nation alone,” said Glenn Prickett, Chief External Affairs Officer for The Nature Conservancy. “President Yudhoyono understands this, and recognizes the extraordinary marine life abundance and diversity in the Coral Triangle region. His personal call for action to address threats in this globally important region led to the start of the Coral Triangle Initiative. Today, CTI has given the world a tremendous opportunity to value nature and realize the tangible benefits of it by managing the marine resources in a way that builds our natural capital.”

“The Coral Triangle Initiative has been a powerful catalyst for positive change in a region rich in biological diversity, but that desperately needs better protection for its precious and fragile marine and coastal resources,” said Catherine Plume, Managing Director of World Wildlife Fund’s Coral Triangle Program. “While important actions are underway, we hope that all stakeholders involved in this important initiative will redouble their sustainability efforts in the region.”

# # # #

The Nature Conservancy (TNC) is a leading conservation organization working around the world to protect ecologically important lands and waters for nature and people. The Conservancy and its more than 1 million members have protected nearly 120 million acres worldwide. Visit The Nature Conservancy on the Web at www.nature.org.

The World Resources Institute (WRI) is a global environmental and development think tank that goes beyond research to put ideas into action. We work with governments, companies, and civil society to build solutions to urgent environmental challenges. WRI’s transformative ideas protect the earth and promote development because sustainability is essential to meeting human needs and fulfilling human aspirations in the future. www.wri.org.

WWF is the world’s leading conservation organization, working in 100 countries for nearly half a century. With the support of almost 5 million members worldwide, WWF is dedicated to delivering science-based solutions to preserve the diversity and abundance of life on Earth, halt the degradation of the environment and combat climate change. Visit www.worldwildlife.org to learn more.

Glossary of Financing Instruments

Sarah Parsons — Tue, 14 Aug 2012 13:17:08 -0400

This document is drawn from Appendix II in WRI’s working paper, Moving the Fulcrum: A Primer on Public Climate Financing Instruments Used to Leverage Private Capital. This working paper demonstrates how the public sector can employ different types of public financing instruments — whether loans, equity, or de-risking instruments — alongside policy and technical support to scale-up private sector investment in low-carbon markets.

Moving the Fulcrum is part of WRI’s Climate Finance series, which tackles a broad range of issues relevant to public donors, intermediaries, and recipients of climate finance. A subset of this series, including this primer, examines how public climate finance providers—whether governments, development finance institutions, or international finance mechanisms like the proposed Green Climate Fund–can meet the significant investment needs of developing countries by mobilizing private sector investment. It focuses on how the public sector can finance and mobilize investment into private sector projects, but also acknowledges the importance of overarching support for complementary low-carbon policies. Low-carbon sectors specifically considered include renewable energy, energy efficiency, and related infrastructure and services, though lessons may equally apply to other climate change-relevant sectors like sustainable agriculture, transportation, and water infrastructure.

Current Initiatives Focused on Using Public Climate Finance to Leverage Private Capital

Sarah Parsons — Tue, 14 Aug 2012 13:09:11 -0400

These tables are drawn from Appendix III in WRI’s working paper, Moving the Fulcrum: A Primer on Public Climate Financing Instruments Used to Leverage Private Capital. This working paper demonstrates how the public sector can employ different types of public financing instruments — whether loans, equity, or de-risking instruments — alongside policy and technical support to scale-up private sector investment in low-carbon markets.

Reading Resources on Using Public Climate Finance to Leverage Private Capital

Sarah Parsons — Tue, 14 Aug 2012 12:52:35 -0400

This document is drawn from Appendix II of WRI’s working paper, Moving the Fulcrum: A Primer on Public Climate Financing Instruments Used to Leverage Private Capital. This working paper demonstrates how the public sector can employ different types of public financing instruments — whether loans, equity, or de-risking instruments — alongside policy and technical support to scale-up private sector investment in low-carbon markets.

This document was originally published in August 2012, and updated in January 2013 to include new resources.

STATEMENT: Rio+20 Wraps Up with "More of a Whimper Than a Roar"

Michael Oko — Fri, 22 Jun 2012 09:09:12 -0400

The UN Conference on Sustainable Development (Rio+20) comes to a close today. In total, more than 100 heads of state and tens of thousands of representatives from government, business, and civil society came together over two weeks to advance solutions on sustainable development in Rio de Janeiro.

[Editors’ note: You can find WRI’s experts’ analysis on specific issues and outcomes here.]

Following is statement by Manish Bapna, Acting President, World Resources Institute:

“Rio+20 closed with more of a whimper than a roar. Expectations for the conference were understandably low, but the outcomes were even more modest. The agreed upon text was simply not forceful enough to meet the environment and development challenges of our times. This was a missed opportunity to re-energize the global conversation and importantly drive greater action around sustainability.

“There were a few bright spots— the advancement of Sustainable Development Goals, support for better governance around environmental issues, and progress on sustainable transport, among others. But, still, that is not enough.

“Certainly, there are reasons why the conference fell short: economic and political crises on the global stage; the challenge of taking on complex issues; and the struggle of coming to a unanimous decision among the diverse views. These challenges are real, but they should not be an excuse for inaction.

“So then, what comes next?

“We cannot lose sight of the big picture. It would be a mistake to conflate the outcome here with what’s happening on the ground around the world. Real action is taking place on national and local levels in many countries. Just look at Germany’s shift to clean energy, Niger’s efforts to re-green its landscape, or Rio’s just launched bus rapid transit system.

“We understand the challenges. We know the solutions. What we need is to build the political will for bolder leadership.

“As we leave Rio and return to our homes around the globe, we must not give up on the vision of a more sustainable pathway. Given the urgency of the challenges, we must continue to push forward with ambitious solutions that will create a more sustainable future.”

–

Read a summary blog by Manish on where to look for key areas of progress at Rio+20.

STATEMENT: Development Banks Announce "Game Changer" for Sustainable Transport at Rio+20

Lauren Zelin — Tue, 19 Jun 2012 23:38:38 -0400

The world’s largest multi-lateral development banks — led by the Asian Development Bank, the World Bank, and others — committed to provide more than $175 billion over 10 years to support sustainable transport in developing countries.

The announcement was made at the UN Sustainable Development Conference in Rio de Janeiro (Rio+20) by the African Development Bank, Asian Development Bank, CAF- Development Bank of Latin America, European Bank for Reconstruction and Development, European Investment Bank, Inter-American Development Bank, Islamic Development Bank, and the World Bank.

Following is a statement from Holger Dalkmann, director of EMBARQ, the World Resources Institute’s center for sustainable transport:

“This is a game changer for sustainable transport. It will ensure that hundreds of millions of people will have cleaner air, less congested roads, and safer transportation.

“Ten years ago transportation wasn’t even in the discussion; now it’s a major outcome from the world’s preeminent conference on sustainable development.

“Banks are putting their money where it matters — on streets built for people, not just cars. The world’s population is expected to surpass 9 billion by 2050, with more than half living in Asia, mostly in urban areas. At the same time, the rate of vehicle ownership is predicted to skyrocket from around 800 million cars a decade ago to around 2 billion in 2030. These two mega-trends are coming together to create an environment where people must compete for financial, institutional, and physical resources. In response, we need better urban designs; more sustainable transportation modes, like walking, biking and mass transit; and improvements in existing vehicle and fuel technology.

“This investment is not just about improving the way people move from point A to point B; it’s also about providing access and mobility for the poor and improving road safety, not to mention reducing transport-related greenhouse gas emissions. Transport is no small piece of the climate change pie: the sector represents approximately one-quarter of global CO2 emissions.

“Today’s announcement will no doubt encourage other decision-makers, especially national governments, to consider financing transport projects based on social and environmental benefits. It will push sustainability into the core of urban development.

“At the same time, we need to make sure that the money gets invested into the right kind of projects, and that there are sound mechanisms to measure its impact. This will require full transparency and independent monitoring.

“Countries often invest in transportation and infrastructure, but much of that goes into highways. We need to be smarter about where money flows, whether that means creating vibrant public spaces, providing safer infrastructure for pedestrians and cyclists, or building high-tech, low-cost transit systems. Doing this would be a paradigm shift in the way we finance the growth of sustainable cities, similar to what the Asian Development Bank has done with its Sustainable Transport Initiative, a lending and technical assistance program for transport projects in Asia and the Pacific that emphasizes inclusive economic and environmentally sustainable growth.

“EMBARQ, the World Resources Institute’s center for sustainable transport, is a founding member of the Partnership on Sustainable Low Carbon Transport, which helped to catalyze this new financial commitment by the banks.

“Years from now, we may look back at Rio+20 as the moment when transport was pushed to the top of the sustainability agenda.”

-ENDS-

For more information on EMBARQ, visit: www.embarq.org.

Note: To schedule an interview, contact: Michael Oko, moko@wri.org.

ADVISORY: Governments, UN Agencies and Civil Society to Reveal Commitments on Governance at Rio+20

Michael Oko — Mon, 18 Jun 2012 15:13:09 -0400

On Tuesday, June 19, 2012, more than 300 representatives from governments, UN agencies, and civil society will gather to express their support for action and make commitments around open and transparent government and environmental issues.

The event will take place at Fundação Getulio Vargas (FGV), Priaa de Botafogo, 190, in Rio de Janeiro. The opening plenary will take place from 8:20 a.m. – 12:00 p.m.; followed immediately by a press conference from 12:00 – 12:30 p.m.

Representatives will include Ambassador Jose Luis Balmaceda, head of the Chilean Delegation, and representatives from Costa Rica, Jamaica, and Peru, along with senior officials from two UN agencies, Alicia Barcena, Executive Secretary, of the Economic Commission for Latin America and the Caribbean, Sven Alkalaj, Executive Secretary, of the Economic Commission for Europe (UNECE), and Manish Bapna, Interim President, World Resources Institute.

A number of other governments are expected to make voluntary commitments with regard to open government and sustainability, including representatives of Mexico City and an NGO representative of the Irish delegation.

Speakers at the press conference will include: Ambassador Jose Luis Balmaceda, Permanent Ambassador of Chile to the United Nations; Amina Mohamed, UNEP Deputy Executive Director and Assistant-Secretary-General of the United Nations; Manish Bapna, Interim President WRI; and Andrew Jackson, NGO representative on the Irish delegation

Additional speakers at the morning plenary, include:

Alf Jerve, Chair of the World Bank Inspection Panel;
Georghe Salaru, Minister of Environment, Republic of Moldova;
Pierre Arcand, Minister of Environment, Sustainable Development, and Parks, Quebec, Canada;
Jonas Ebbesson, Chair of the Aarhus Convention Compliance Committee;
Ritwick Dutta, Legal Initiative for Forests and Environment;
Ambassador M. Jean-Pierre Thébault, Representative of France;
Murilo Nunes de Bustamante, Environmental Public Prosecutor, State of Rio de Janeiro

See the full agenda for the event, here: http://www.wri.org/event/2012/06/choosing-our-future-open-and-participatory-sustainable-development-governance

WHAT
Press conference to announce commitments for stronger governance at Rio+20

Twitter hashtag: #choosefuture

WHO
Ambassador Jose Luis Balmaceda, Permanent Ambassador of Chile to the United Nations
Amina Mohamed, UNEP Deputy Executive Director and Assistant-Secretary-General of the United Nations Manish Bapna, Interim President, WRI;
Andrew Jackson, NGO member of the Irish delegation

WHERE
Funacao Getulio Vargas (FGV), Priaa de Botafogo, 190, Rio de Janeiro

WHEN
Tuesday, June 19, 2012

Plenary session: 8:20 – 12:00 p.m.

Press conference: 12:00 – 12:30 p.m.

Note: Additional photo opportunity with representatives from 30 different countries: 17:00 (5:00 p.m.)

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If you would like more information about the event and announcements, please contact Michael Oko; moko@wri.org; +55 (0) 21 8351 1349

STATEMENT: Project Launches to Measure and Manage GHG Emissions for Agriculture in Brazil

Michael Oko — Sat, 16 Jun 2012 23:35:54 -0400

The World Resources Institute (WRI) and the British Embassy are launching a two year partnership to measure corporate and farm-level emissions in Brazil. Agricultural emissions account for nearly 20 percent of Brazil’s emissions, with agricultural production on the rise. The project, based on the Greenhouse Gas Protocol, will develop GHG Accounting Guidance for Brazilian Agriculture, filling an important gap, since Brazil does not presently have a methodology for corporate and farm-level accounting, reporting, and monitoring. This project will support Brazil in meeting its targets set in the National Plan on Climate Change, including measuring agricultural emissions, both up and down the value chain, and from land use.

“It is an honor to announce the launch of a new project that marks the continuation of a fruitful partnership between the World Resources Institute, the UK government, and Brazil, which has been contributing to measuring, reporting and managing Brazilian greenhouse gas emissions,” said British Ambassador to Brazil, Alan Charlton. “The UK Government is glad to have contributed to this initiative, which is part of an effort to establish a low-carbon economy worldwide.”

The announcement was made during an event at Rio+20 on the Green Economy: Driving Business Value and Competitiveness, hosted by WRI, which will bring together business experts, national policy makers, and global policy specialists to discuss strategic opportunities in the green economy, including tools for companies and policymakers to measure and manage their emissions impact.

Currently, more than 90 Brazilian companies voluntarily report their corporate emissions through the Brazilian GHG Protocol Program, created by Fundação Getúlio Vargas (FGV), WRI, the Federal Ministry of Environment, and the Brazilian Corporate Council for Sustainable Development (CEBDS). During 2010 and 2011, WRI and FGV conducted a series of scoping workshops with participating Brazilian companies to better understand the need for agriculture-specific guidance.

“Brazil is one of the most important countries when it comes to sustainable development, with agriculture playing a major role in its economy as well as its emissions,” said Manish Bapna, Interim President, WRI. “By measuring and controlling their emissions, Brazilian companies can help lower their environmental impact, while identifying new opportunities for economic growth and cost savings.”

The event will feature a keynote address by Carlos Klink, National Secretary on Climate Change and Environmental Quality, Ministry of the Environment, Brazil.

“Today’s announcement marks an important step forward in helping Brazil to meet its emissions goals,” said Secretary Klink. “Agriculture forms the backbone of our economy, and we will continue to work with Brazilian businesses to move toward healthy, robust and sustainable future.”

The objectives of the agricultural guidance project are to:

Establish nationally-recognized methodologies for the measurement and management of agricultural GHG emissions at the farm- and corporate-level;
Build capacity among Brazilian businesses and provide methodologies to develop emissions reduction strategies for agriculture; and
Integrate methodologies for agriculture into the GHG Protocol Brazil Program and emerging mandatory (e.g., Amapá, Pará, Pernambuco, and Mato Grosso) and voluntary (e.g., Minas Gerais, Rio Grande do Sul, and Paraná) GHG emissions registries and reporting programs.

Over the next year, GHG Protocol experts will work closely with Brazilian businesses to adapt international guidance to address Brazil-specific emissions issues.

Companies interested in conducting a GHG inventory and developing and pilot testing the agricultural guidance are invited to contact GHG Protocol’s Stephen Russell: srussell@wri.org.