Over the past decade, Africa has been experiencing tremendous economic dynamism and growth: seven of the world’s ten fastest-growing countries are in Africa; the continent’s economic output has more than tripled; and average economic growth is expected to be 4.8 percent in 2013.
World Bank President Jim Yong Kim is putting policies to meet and combat climate change on top of the Bank’s agenda. That is extremely timely and has the potential to fundamentally revitalize the Bank, making it more relevant in today’s world.
Global finance for new clean energy projects is currently at $300-400 billion per year, of which the Bank funds about $10 billion. The International Energy Agency estimates that a minimum agenda, compatible with a two-degree temperature target, requires “green” energy investments of about $1 trillion per year. The Bank alone will only be able to provide a small portion of such additional finance.
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Middle class gained on Twitter, with many people taking note of Thomas Friedman’s The Virtual Middle Class Rises. Friedman’s op-ed is about how cheaper computing is enabling people who earn only a few dollars a day to access the “kind of technologies and learning previously associated solely with the middle class.” Such access is driving social change and social protest, he says. It’s a trend also observed by sociologist and author Saskia Sassen in an interview with The Hindu, Why the Middle Class is Revolting, though Sassen’s vision is more pessimistic. Another trend—a sharp, decade-long rise in “middle class” jobs in developing countries—is enlarging the middle class in the developing world and promises ultimately to drive global growth, says the International Labour Organization in a new study. ILO says nearly 1.1 billion workers (42%) earn between $4 and $13 a day, which is middle class wages in the developing world. The number of middle class workers in developing countries is expected to grow by 390 million to reach 51.9% by 2017. The report notes, however, that “progress in poverty reduction has slowed” and the number of “near poor” is growing. Also check out the Guardian’s datablog on the report.
The appetite for change at COP18 was heard loudly and clearly in the many informal gatherings at the conference center. Coalitions, climate finance, and scientific agreement came from the dynamic debate in Doha. To follow up those conversations, deals and dreams, and actionable projects, I have initiated a study to address the longer-term global challenges that we will face together in the decade ahead. Collective Solutions 2025 will present a strategy for how multilateral development institutions can achieve sustainable development and inclusive green growth to boost prosperity and end poverty.
Hot on the heels of Hurricane Sandy, Typhoon Bopha lashed the shores of the Philippines earlier this month, leaving 900 dead and 80,000 homeless. Extreme weather is becoming the norm. The World Bank-commissioned report, “Turn Down the Heat: Why a 4°C Warmer World Must be Avoided” found that scientists are unanimously predicting warming of 4 degrees Celsius by the end of the century. The social, economic, and environmental consequences will be devastating. Over the past 20 years, over half of South Asians – more than 750 million people – have been affected by natural disasters, with the loss of life estimated at more than 60,000, and damages above $45 billion.
Looking at communities across our planet, there is a brutal lack of resilience in our modern lives. Cities have expanded without careful planning into flood- and storm-prone areas, destroying natural storm barriers and often leaving the poor to find shelter in the most vulnerable spots. Droughts, made more frequent by climate change, have taken a toll on crops, creating food shortages.
In the past 30 years, disasters have killed over 2.3 million people, about the population of Houston or all of Namibia.
- The World Region
- South Asia
- Middle East and North Africa
- Latin America & Caribbean
- Europe and Central Asia
- East Asia and Pacific
- Urban Development
- Science and Technology Development
- Public Sector and Governance
- Private Sector Development
- Information and Communication Technologies
- Culture and Development
- Communities and Human Settlements
- Agriculture and Rural Development
- Inclusive Green Growth
- green growth
- disaster risk management
- Climate Change
I always say, environmental management is woven into something bigger, much bigger than simply saying “Let’s do some good, let’s not pollute.” For me, it’s a question of how we encourage the development boom underway in Africa today, while still keeping our eyes focused on environmental management.
In the World Bank’s Africa Region, we are working on the belief that we can find a way to support sustainable development that combines the least amount of environmental damage with the best desirable outcome possible. Put simply, we can “green” growth and make it more inclusive.
The way to do this is to weave environment into all development programs. We believe that development is key to reducing poverty and improving livelihoods in Africa.
For example, let’s say that you are planning to build a really big road going through a national park. This is an opportunity for all stakeholders, government officials, community members, donors, NGOs, and others to gather and ask themselves not just how this road will improve economic growth, but what is the future of this national park? Will this road provide poachers with new access to pristine woodlands and endangered wildlife?
In a new report, "Enhancing Competitiveness and Resilience in Africa", we lay out a new approach to environmental management that makes it the core of everything we do. This means that when we think about a project or program in any sector, we also think about how it will impact the environment.
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Costa Rica has become the crown jewel of Latin America in terms of environmental protection and its respect for biodiversity. After more than 10 years of putting “green” policies in to practice to protect its forests – which cover 51% of its land mass- the Central American country aims to be fully carbon neutral by 2021, the first to reach this global milestone.
“In the 1970s, we destroyed much of the forest and now I want to reverse the damage we’ve done to humanity,” says Virgilio, owner of a 196-hectare lot in Puriscal and participant in an innovative program that provides money to small and mid-sized property owners to encourage them to take care of their land. So far, the program has managed to protect 12% of the country’s forests.
During my visit to Costa Rica to film this video on the country’s environmental advances, I also spoke with Sandra María, a woman who manages a small inn many would pay a fortune for the opportunity to visit. “Here we don’t cut trees down 3because trees give life,” she says with the confidence of one who knows she is doing the right thing.
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"Water" and Latin America are inextricably linked. The region's vast expanses lose their meaning without their clear blue lakes, the roar of their waterfalls or the deep depth of their rivers. Despite these natural riches, the region faces various challenges to manage water in a way which is accessible to everyone and also contributes to improved sanitation for the population.
To find solutions to these challenges, water experts from around the world are gathered in Stockholm, Sweden, for World Water Week, the biggest annual meeting on world water issues. For us, water and sanitation folks, this event is an important opportunity to look at how the Latin America and the Caribbean (LAC) region is doing towards meeting the water and sanitation needs of its population within the context of green and inclusive growth.
As food prices creep up again for the third time in five years, concerns about global food security are also on the rise. Right off the bat, three questions come to mind: Why this is happening? How does this affect Latin America and the Caribbean? What should we do about it?