It's been two months now since the historic climate change conference, COP21, wrapped up in Paris, concluding with 195 countries pledging to take actions to keep global warming to under 2 degrees Celsius. This is an unprecedented achievement in the long history of international climate policy.
Compared to past negotiations, there was a different atmosphere in Paris. The negotiators were determined to find common ground rather than draw insurmountable lines in the sand. Investors lined up with billions of dollars in new financial commitments in addition to the suggested roadmap for developed nations to contribute to the needed $100 billion annually for mitigation and adaptation efforts.
And the private sector was more active and visible than ever before: CEOs from industries as far ranging as cement, transportation, energy, and consumer goods manufacturers announced their own climate commitments in Paris to decrease their carbon footprints, adopt renewable energy, and improve natural resource management.
This enthusiasm was especially apparent during the CEO panel that IFC, the organization I represent, convened during the Caring for Climate Business Forum by UN Global Compact. CEOs from client companies in India, Turkey, Thailand, and South Africa discussed their innovative climate change initiatives, investments, and technologies, and the challenges of scaling up their climate business.
Concentrated Solar Power is the greatest energy technology you have probably never heard of. While it may not be as widely known as other renewable energy sources, there’s no doubting its potential - the International Energy Agency estimates that up to 11 percent of the world’s electricity generation in 2050 could come from CSP.
And this week in Morocco, the King, His Majesty Mohammed VI, is officially opening the first phase of what will eventually be the largest CSP plant in the world – the same size as Morocco’s capital city Rabat. I congratulate Morocco for taking a leadership role that has placed it on the frontlines of a revolution that is bringing low-carbon development to emerging and developing economies worldwide.
In collaboration with the World Bank and the African Development Bank, the CIF has already provided US$435 million into this three-phase Noor CSP complex in Morocco.
Sub-Saharan Africa continues to suffer from a major energy deficit, with hundreds of millions of people lacking access to electricity and clean cooking fuels. There is a great need for innovative mechanisms that can help families access clean and affordable energy. The Carbon Initiative for Development (Ci-Dev) is one such mechanism.
A $125 million fund with a pipeline of 14 pilot projects in Africa, Ci-Dev will help improve living standards and sustainable energy through results-based finance. Along the way, it will generate valuable lessons in how reducing greenhouse gas emissions can generate tangible development benefits for local communities, like cleaner air, improved safety, and financial and time savings.
These lessons can help in the delivery and scale up of innovative climate finance business models.
To discuss some of the key infrastructure challenges faced by its client countries, the World Bank recently hosted its first International Conference on "Sustainable Development through Quality Infrastructure” in Tokyo, Japan. But what exactly do we mean by "quality infrastructure", and what role can it play in creating resilient, sustainable cities?
France has just hosted COP21 to a very successful conclusion: the 2015 Paris Agreement. This achieved consensus among 196 countries on the most complex and challenging global issue of our time – climate change. It reconciled the widely different perspectives and interests of developing and developed countries, the North-South divide which has been at the heart of the failure to reach climate change agreement for twenty years. It makes global trade negotiations look easy by comparison. France should have every confidence in its diplomatic and political ability. Chapeau!
People, Spaces, Deliberation bloggers present exceptional campaign art from all over the world. These examples are meant to inspire.Satellites have been sending us all images of planet earth for decades. For many, photographs of earth at night are particularly enchanting as the cameras can detect natural and man-made light, showing everything from the night-time glow of the Sahara Desert to the light of a single village on an island in the Pacific Ocean. Through these photos, the bright lights of cities shine through the night sky, revealing where life is vibrant and populations are dense… and where it is not.
However, a new video from the Rainforest Foundation and POL, an agency in Norway, reminds us how wrong that view is: It is not cities that house the most life, but forests.
Forests are widely known as the world’s largest source of biodiversity. More than two thirds of the world's plant species and more than half of the world's animals are found in the tropical rainforests, according to California Institute of Technology. Furthermore, as the Food and Agriculture Organization of the United Nations reported in the 2014 State of the World’s Forests report, forests also contribute significantly to food security and energy production for millions of people.
Together, the Rainforest Foundation and POL went to the Amazon to document life there in terms of sound. They made continuous night-time recordings that 'illuminate' the life in the rainforest.
Try to imagine a world without the Internet.
Impossible, isn’t it?
Over the past 25 years, the Internet has become the nervous system of our society, interconnecting all the different parts of our everyday lives. Our social interactions, ways of doing business, traveling and countless other activities are supported and governed by this technology.
At this very moment, just over three billion people are connected to the Internet, 105 billion emails are being sent, two million blog posts have just been written (including this one) and YouTube has collected four billion views. These numbers give you a glimpse of the extent to which humanity is intimately and deeply dependent on this technology.
The digital revolution has changed the daily lives of billions of people. But what about the billions who have been left out of this technological revolution?
This and many other questions have been addressed in the just released 2016 World Development Report 2016: Digital Dividends, which examines how the Internet can be a force for development, especially for poor people in developing countries.
One of the biggest bangs at the opening day of the Paris COP21 climate summit was without doubt the dual financing announcements by the Breakthrough Energy Coalition, led by Bill Gates and other high-net-worth individuals, and the Mission Innovation, whose signatory governments have committed to doubling their allocations to clean energy research. The two initiatives aim to increase financing for clean energy innovation, from the basic research stage, funded by governments, to commercialization of promising new technologies—with venture financing provided by private investors.
In developing countries, where many households and companies have very limited access to energy, new clean energy technologies will serve the dual purpose of expanding energy access and constraining carbon emissions. For this to happen, innovative thinking will be needed not only in the development of new technology, but also in financing the deployment of these technologies.
The two initiatives announced in Paris reflect the realization that carbon dioxide emissions would continue to rise even if every commitment to cut carbon emissions were fulfilled. By 2035, the concentration of carbon in the atmosphere will already exceed the estimated levels required to maintain the internationally agreed 2 degrees Celsius limit. The development of new technologies will increase the options available to efficiently address climate change.
When my team and I saw this boat passing by us in July 2013 in rural Bangladesh, near the border with Mizoram, Northeast India, and Myanmar, I felt immediately empathic.
How many people are on that boat? Eighty? Does it have a motor? Can those people swim, especially the women? No lifejackets! I wondered how long their trip was, and then I thought: What if they needed a bathroom break? Memories of my family's escape from Vietnam by boat in 1981 flashed back—34 refugees jammed into a traditional fishing boat normally home to a family of seven, with no motor, no life jackets, and no toilets! We floated around the South China Sea and Pacific Ocean for 16 days. Most of us could not swim, certainly not the women and girls.