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The World Region

A tipping point for solar energy?

Joaquim Levy's picture
Manik, a solar pump operator for Nusra works near the solar panels in Rohertek, Bangladesh. © Dominic Chavez/World Bank
Manik, a solar pump operator for Nusra works near the solar panels in Rohertek, Bangladesh. © Dominic Chavez/World Bank

​Solar energy is poised to transform low-income economies, many of which are in the world’s sunniest regions. Solar’s growing share of the energy mix is being driven by better storage capacity and attractive generation costs. Large solar parks are now competitive with most alternatives; their average cost is below 5 cents per kilowatt-hour in some developing countries. Smaller-scale solar grids are also getting more competitive, opening new paths to financing this clean energy source. With rapid improvements in energy efficient lighting, refrigeration, water pumps, and other technologies for households, solar may soon be as game-changing as mobile phones have been in the last decade.

Solar’s potential is evident from its quick growth in India, where installed capacity recently topped 20 gigawatts (GW), putting the country closer to its ambitious target of 100 GW from clean energy by 2022 (an amount comparable to total installed capacity in the United Kingdom). Solar offers key advantages: facilities can be built quickly, do not need fuel to be transported to power plants, and can eliminate transmission costs where mini-grids or off-grid units are built to serve local communities. 
 

Finance ministers should step up efforts for climate action

Petteri Orpo's picture
Photo: Mariano Mantel/Flickr

By Petteri Orpo, Minister for Finance, Finland 

Climate change already has many negative impacts with wide-ranging effects. According to the International Monetary Fund (IMF), global warming is significantly slowing economic growth in African countries while the population is growing rapidly. Climate change increases poverty and conflicts, as well as migration pressure.

It’s time to act. In terms of scale, the solution to the climate crisis is an exceptional challenge in the history of humankind. Emissions must be reduced quickly in all sectors of the economy.

Charting a course for GHG emissions and the shipping sector

Dominik Englert's picture
Photo: © Dana Smillie / World Bank

When the International Maritime Organization (IMO) meets in London this week, the stakes are high. The IMO’s Marine Environment Protection Committee (MEPC) plans to adopt an initial greenhouse gas strategy, the first of its kind for the shipping sector whose annual CO2 emissions are slightly higher than the annual emissions of Germany. This means that the 72nd session of the MEPC (MEPC72) from April 9-13, 2018, will not only show how international maritime transport is going to deal with its increasing emissions trend but will provide insights into Paris Agreement implementation.

Amp up your 2018 Spring Meetings experience

Bassam Sebti's picture


Our 2018 Spring Meetings is just around the corner and it’s time to get organized. Mainstage speakers include representatives from top-notch institutions such as LinkedIn, Oxford University, Financial Times, Brookings Institution — in addition to influencers Bill Gates and Jeff Weiner.

Connect, engage and watch to take full advantage of everything the #WBGMeetings has to offer. 

Sexual harassment – Where do we stand on legal protection for women?

Paula Tavares's picture
Women abused in her home holding her hand up. Stop sexual harassment against women. Violence and abuse in family relations. © Fure/Shutterstock.com
Woman abused in her home holding her hand up. Stop sexual harassment against women, violence and abuse in family relations. © Fure/Shutterstock.com


The #MeToo movement is transforming the way we perceive, and hopefully, deal with sexual harassment.

For too long women have suffered from this type of violence that has negative consequences on their voice and agency as well as their capacity to fully participate in the economy and society. There is ample evidence of the cost of sexual harassment to businesses – in legal settlements, lost work time and loss of business. But sexual harassment also has negative effects on women’s economic opportunities. For example, if no recourse is available to protect them, instead of reporting the problem, women facing sexual harassment in the workplace often say that they have no other choice but to quit. This may mean starting over, missing out on pay raises, career growth opportunities, and earning potential. Studies suggest that sexual harassment reduces career success and satisfaction for women. Yet, many countries still do not afford women adequate legal protection against this pervasive form of gender inequality.

"Real governance" in Fragile, Conflict-affected and Violent States - What is that?

Camilla Lindstrom's picture
Children in a school in Kinshasa. Photo © Dominic Chavez/World Bank.

The Fragility Forum was held in Washington D.C. from March 5 to 7. More than 1,000 people from over 90 different countries attended. At one of the events, ‘Real Governance in FCV settings: Engaging State and Non-State Actors in Development’ practitioners and policy-makers discussed which actors to work with in complex FCV situations, and what the choice of actors would mean from a human rights and social accountability perspective.

In Fragile, Conflict-affected and Violent States (FCVs), the formal state typically has a low capacity to deliver basic services, to respond to demands and to impose security. It often does not have full or exclusive authority over its territory and is competing with other groups for legitimacy to exercise state powers.

Chart: Why Are Women Restricted From Working?

Tariq Khokhar's picture

Economies grow faster when more women work, but in every region of the world, restrictions exist on women’s employment. The 2018 edition of Women Business and the Law examines 189 economies and finds that in 104 of them, women face some kind of restriction. 30% of economies restrict women from working in jobs deemed hazardous, arduous or morally inappropriate; 40% restrict women from working in certain industries, and 15% restrict women from working at night.

 

Shifting commodity markets in a globalized world

Rabah Arezki's picture
In Shifting Commodity Markets in a Globalized World, we track developments in energy, metals, and food markets since the early 2000s, when a “commodities super cycle” began. The super cycle first was marked by a decade-long increase in commodity prices—as rapid urbanization and a strong surge in infra­structure spending, especially in China, boosted demand for nearly all commodities. Then prices began to decline, in part due to short-term factors such as the global financial crisis. But longer-term issues were important to both the run up and subsequent fall in prices. In the book, which is published by the International Monetary Fund, we focus on those long-term issues, examining the relative importance of technology, geography, demography, and policy in each commodity mar­ket and how their interplay sends price signals to producers and consumers, who in turn adjust their behavior:

Toward a linked and inclusive economy

Jim Yong Kim's picture
The arrival of broadband internet is set to significantly improve medical services in Tonga. © Tom Perry/World Bank.
The arrival of broadband internet is set to significantly improve medical services in Tonga. © Tom Perry/World Bank.

While some studies predict automation to eliminate jobs at a dizzying rate, disruptive technologies can also create new lines of work. Our working draft of the forthcoming 2019 World Development Report, The Changing Nature of Work, notes that in the past century robots have created more jobs than they have displaced. The capacity of technology to exponentially change how we live, work, and organize leaves us at the World Bank Group constantly asking: How can we adapt the skills and knowledge of today to match the jobs of tomorrow?
 
One answer is to harness the data revolution to support new pathways to development. Some 2.5 quintillion bytes of data are generated every day from cell phones, sensors, online platforms, and other sources. When data is used to help individuals adapt to the technology-led economy, it can make a huge contribution toward ending extreme poverty and inequality. Technology companies, however well intended, cannot do this alone.

Navigating education's complexity: A review of the 2018 WDR

Brian Levy's picture

In a sector where a proliferation of research seemingly has contributed at least as much to confusion as to progress, the 2018 World Development Report (WDR), Learning to Realize Education’s Promise  sheds new light, and points towards fresh, hopeful pathways forward. It is a landmark contribution.
 
“Education for all” was the seductive promise of the millennium. Yet all too many children are attending school without acquiring even basic literacy or numeracy.  Why?

 


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