world bank climate change action plan

12 Dec world bank climate change action plan

“We are at a once-in-a-generation moment to help clients act on climate and in so doing also gain the benefits of cleaner air and water, healthier oceans, more resilient cities, and more sustainable food and agriculture systems. An increasing share of agriculture projects are “climate-smart”: increasing productivity and resilience while reducing greenhouse gas emissions. Climate Change in Papua New Guinea: Framework for the National Climate Change Strategy and Action Plan Government of Papua New Guinea and World Bank June 2010 Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized … The Action Plan will increase the World Bank’s level of ambition and commitments on climate change adaptation and resilience. The Bank is backing a rail corridor dedicated to moving freight between the Indian megacities of Delhi and Kolkata and is looking to support inland waterways for moving freight and people across Bangladesh, India and Nepal, according to Guangzhe Chen, the World Bank’s South Asia Infrastructure Director. This site uses cookies to optimize functionality and give you the best possible experience. of the African Development Bank’s Climate Change Action Plan. In the recovery from the pandemic, countries have an opportunity to support the jobs that need to be created for the lower carbon pathways of the future.”. Preparedness in India and Bangladesh, for instance, ensured that millions were moved to safety before Super Cyclone Amphan arrived on their coasts in May. Implementing this as countries also grapple with the economic consequences of COVID-19 means looking at interventions that can deliver short term objectives – such as jobs and economic growth – as well as longer terms ones like decarbonization and boosting adaptation and resilience, helping our clients shape a sustainable recovery. This target was exceeded each year for the last three consecutive years. This Climate Change Action Plan (for short: “the Action Plan”) demon-strates how the WBG intends to meet these challenges and opportunities,by scaling up climate action, integrating climate change across its operations, and working more closely with others. The World Bank Group adopted a new Climate Change Action Plan that will help developing countries address this challenge and meet their COP21 climate commitments. “People need to know exactly what they’re up against, so they can adjust and adapt their lives,” says Chandler. The Group prioritized investments in renewable energy and energy efficiency as key to helping clients reduce emissions. To help countries meet this challenge, the World Bank Group today adopted a new Climate Change Action Plan, which lays out concrete actions to help countries deliver on their NDCs and sets ambitious targets for 2020 in high-impact areas, including clean energy, green transport, climate-smart agriculture, and urban resilience, as well as in mobilizing the private sector to expand climate investments … MIGA has made climate a priority area of its strategy along with IDA, and FCS and has sought to implement the commitments made in the WBG Climate Change Action Plan. “A lot of the systems that we put in place to deal with, more often than not, climate events, were also the same kind of emergency response systems that were quite helpful for governments in organizing and responding to the pandemic,” says Anna Wellenstein, World Bank Sustainable Development Director for Latin America and the Caribbean. If you continue to navigate this website beyond this page, cookies will be placed on your browser. Matthew affected over 2 million people, leaving over 500 dead and displacing 175,000. “We've seen in the last few years that these events are more frequent and more powerful because of climate change,” says Jerry Chandler, a surgeon and disaster medical specialist who leads Haiti’s disaster risk management agency, the Directorate of Civil Protection. We provide a wide array of financial products and technical assistance, and we help countries share and apply innovative knowledge and solutions to the challenges they face. Data and research help us understand these challenges and set priorities, share knowledge of what works, and measure progress. Climate change is a global crisis that we must confront now. Climate change is a threat to the core mission of the World Bank Group (WBG). Find Out. This is how we can deliver the critical systemic, economy-wide change for our clients and help set development pathways today that can unlock low-carbon, resilient benefits for decades to come. WBG activities under the Climate Change Action Plan are organized along four top-level priorities: (i) Support Transformational Policies and Institutions; (ii) Leverage Resources; (iii) Scale up Climate Action; and (iv) Align Internal Processes and Work with … The World Bank is to make about $200bn (£157bn) available to fund action on climate change from 2021-25, helping countries adapt to the effects of … Over the last four years, our projects have been bringing on stream about 1,000 MW of new green, climate-friendly power, through geo-thermal, solar, and hydro—and there is more to come” says Thomas O’Brien, Senior Advisor in the context of the Group’s Next Generation Africa Climate Business Plan. Program Document for Climate Change Development Policy Loan for Indonesia. The World Bank created the Climate Change Knowledge Portal to solve a need. “In order to effect a transition which is going to be successful we will have to find ways of mitigating the impact on people who work in the coal economy,” says Ranjit Lamech, Infrastructure Director for the World Bank’s East Asia and Pacific Region. Will you take two minutes to complete a brief survey that will help us to improve our website? Just after the world came together for the landmark Paris Agreement on climate change, the Bank Group unveiled an ambitious Climate Change Action Plan to ramp up financial and technical support to developing countries to step up climate action. In total, over the duration of the Action Plan, the Bank Group has delivered over $83 billion in climate finance. In total, over the duration of the Action Plan, the Bank Group has delivered over $83 billion in climate finance. In 2016, Category 4 Hurricane Matthew made landfall in Haiti: one of the world’s poorest countries, that has already endured decades of political upheaval, poverty, and a devastating earthquake. National Action Plan Addressing Climate Change. It also sets out a new approach to take the growing threat of climate change into account across the Bank Group’s operations. Projects are underway to improve weather data and develop a national early warning system, and a national communication campaign is raising awareness of emergency procedures. In the Pacific islands, Tuvalu and Vanuatu quickly accessed emergency funds through a new instrument known as a Catastrophe Deferred Drawdown Option after being hit by cyclones earlier this year. Haiti is strengthening its national systems for disaster response and risk reduction, though more resources are needed, says Chandler. “The recovery pattern is extremely important so that you do not have further exclusion or exacerbation of risk for certain groups that are already hard hit.”. Climate Change and the World Bank Group—Phase I: An Evaluation of World Bank Win-Win energy Policy Reforms Debt Relief for the Poorest: An Evaluation Update of the HIPC Initiative A Decade of Action in Transport: An Evaluation of World Bank Assistance to the Transport Sector, 1995–2005 “For those of us who have worked in development for years, it’s clear that climate change could unravel our most hard-won efforts”, says Bernice Van Bronkhorst, Global Director, Climate Change. From FY14-FY19 MIGA projects have reduced GHG emissions by 7.4 million metric tons per annum. Learn how the World Bank Group is helping countries with COVID-19 (coronavirus). It backed some of the world’s biggest solar projects, joining the Climate Investment Funds to support the Noor concentrated solar plant in Morocco, one of the few in the world to use this pioneering technology to store solar energy. The majority of Americans believe climate change is real and humans are contributing to it. The Group also supported the BenBan solar park in Egypt, and the Ultra Mega Solar Park in India, which helps power the Delhi Metro roughly 800 km away. 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