Syndicate content

PES

Rethinking public employment services for the digital era

Miguel Peromingo's picture
Digital channels now open more possibilities, improving matching job seekers’ skills and experience with jobs vacancies.  Photo: Gerhard Jörén / World Bank

The discussion around digitization is usually focused on how automation will affect jobs, disregarding how the changing world of work is also transforming the labor markets for the better. Although automation will change many jobs —up to 46% of jobs in developed countries according to a recent OECD report are highly automatable or likely to experience significant changes due to automation— it also holds several opportunities for employment intermediation. Job seekers can take new digital avenues to labor market inclusion, while employment services can also support workers with new ways of finding jobs. Three international experiences show how some countries are utilizing these opportunities.

Costa Rica scripts a new chapter in forest carbon finance

Benoît Bosquet's picture

Thick cloudy skies subdued the sunlight on an autumnal day in Paris. That did not stop the group of representatives from the public and private sector attending the 5th Carbon Fund Meeting of the Forest Carbon Partnership Facility (FCPF) from making a decision that is a major milestone. Costa Rica is set to become the first country to access performance-based payments through the FCPF. This is the first time a national program is being supported by carbon funds in this global initiative of 54 countries and organizations, heralding a new phase in forest carbon finance.

This decision is a strong vote of support for Costa Rica’s ambitious plan to become the first “carbon neutral” country by 2021. Conserving forests and planting trees that capture carbon dioxide plays a large role in the national endeavor.

An interesting feature of Costa Rica’s proposal to the Carbon Fund is the quasi-national scope of the program that would be implemented in a mosaic approach on additional 341,000 ha of mainly privately owned land. Two-thirds of the targeted area is degraded land that the country aims to restore with reforestation, secondary growth and agroforestry, and one-third is old growth forest that will be protected from deforestation. The resulting emission reductions are estimated at 29.5 million tons of CO2. Close to half of these emission reductions (12.6 million tons of CO2) would be offered to the Carbon Fund, and would require an estimated financing of $63 million (assuming a price of $5 per ton of CO2).