Although there has been some improvement in the past few years, it is difficult to identify a trend towards systematic incorporation of climate change issues into MDBs’ activities.
oil and gas
The Government of Ecuador recently announced that it is pursuing efforts to leave the oil under Yasuni National Park untapped to protect the rainforest, its species and its inhabitants.
The oil and gas industry will confront two major environmental issues in the coming decade-the prospect of policies to combat climate change and constrained access to oil and gas reserves.
Terms of reference
U.S. overdependence on motor vehicles stems in large measure from the failure to make car and truck owners pay the full costs of driving. Highway users, for example, pay only a fraction of the actual costs of highway construction, repair, and a host of other motor-vehicle-related services.
Under current national income accounting practices, assets such as buildings and equipment are valued as productive assets and depreciated over time; natural resource assets are not. This asymmetry is the way national assets are treated sends misleading signals to policymakers.
Focusing on the role of energy in the global economy, this frequently quoted report notes that unstable and unstainable energy prices have brough about many problems -- high inflation rates, world recession, and mountind debt burdens.