Franklin

Development and Climate Change [electronic resource] : A Strategic Framework for the World Bank Group - Technical Report.

Author/Creator:
World Bank.
Publication:
Washington, D.C. : The World Bank, 2008.
Series:
Development Policy Review
World Bank e-Library.
Development Policy Review
Format/Description:
Government document
Book
Local subjects:
Afforestation
Air Quality
Alternative Energy
Carbon Credits
Carbon Dioxide
Carbon Finance
Carbon Intensity
Clean Development Mechanism
Clean Energy
Climate
Climate Change Economics
Climate Change Mitigation and Green House Gases
Climate Risk Management
Coal
Coral Reefs
Developed Countries
Economic Diversification
Electricity
Emission Reductions
Emissions
Energy
Energy Efficiency
Energy Intensity
Energy Production
Energy Production and Transportation
Energy Security
Environment
Environmental Economics & Policies
Extreme Weather Events
Feasibility
Financial Crisis
Financial Institutions
Floods
Forests
Fossil Fuels
Fuel Prices
Glaciers
Global Environment Facility
Governance
Gross National Income
Hurricanes
Insurance
Intergovernmental Panel On Climate Change
International Governmental Organizations
Land Management
Macroeconomics and Economic Growth
Precipitation
Price Volatility
Renewable Energy
Risk Management
Storms
Transaction Costs
Summary:
This strategic framework serves to guide and support the operational response of the World Bank Group (WBG) to new development challenges posed by global climate change. Unabated, climate change threatens to reverse hard-earned development gains. The poorest countries and communities will suffer the earliest and the most. Yet they depend on actions by other nations, developed and developing. While climate change is an added cost and risk to development, a well-designed and implemented global climate policy can also bring new economic opportunities to developing countries. Climate change demands unprecedented global cooperation involving a concerted action by countries at different development stages supported by "measurable, reportable, and verifiable" transfer of finance and technology to developing countries. Trust of developing countries in equity and fairness of a global climate policy and neutrality of the supporting institutions is critical for such cooperation to succeed. Difficulties with mobilizing resources for achieving the millennium development goals and with agreeing on global agricultural trade underscore the political challenges. The framework will help the WBG maintain the effectiveness of its core mission of supporting growth and poverty reduction. While recognizing added costs and risks of climate change and an evolving global climate policy. The WBG top priority will be to build collaborative relations with developing country partners and provide them customized demand-driven support through its various instruments from financing to technical assistance to constructive advocacy. It will give considerable attention to strengthening resilience of economies and communities to increasing climate risks and adaptation. The operational focus will be on improving knowledge and capacity, including learning by doing. The framework will guide operational programs of WBG entities to support actions whose benefits to developing countries are robust under significant uncertainties about future climate policies and impacts-actions that have "no regrets."
Contributor:
World Bank.
International Finance Corporation.
Multilateral Investment Guarantee Agency.
Publisher Number:
10.1596/28201
Access Restriction:
Restricted for use by site license.
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