Finance provided and catalyzed by multilateral development banks (MDBs) will help pay for implementation of the UN Sustainable Development Goals and the Paris Climate Agreement in many developing countries. Although MDBs already track and report on their climate finance, less is known about how...
The World Bank plays a pivotal role in enabling sustainable, low-carbon development and climate action. Its next president should be a leader on the issue.
The World Bank's new Environmental and Social Framework, four years in the making, is designed to ensure that the approximately $30 billion the bank invests each year goes to projects that are safe for people and the environment. This framework is likely to have an impact on the policies of other development banks and governments around the globe.
The World Resources Institute has chosen Paula Caballero, a widely respected international leader in climate and development issues, to be the new Global Director for its Climate Program.
WASHINGTON (November 20, 2015)—On the opening day of COP21 in Paris, six heads of state from France, Chile, Ethiopia, Germany, Mexico and Canada, along with the leaders of the World Bank and International Monetary Fund called on countries and companies to put a price on carbon.
Global growth has not come without costs: Pollution, natural resource depletion, climate change, and the disruption of ecosystem services are now felt around the world.
This report aims at helping investors in developing countries develop effective social and environmental safeguard...
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.
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.
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...
In advance of the 2014 World Bank/IMF Spring Meetings, the World Resources Institute analyzed the extent to which economic, social, and environmental sustainability are embedded in the design of World Bank projects.