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Sub-national pooled financing: Lessons from the United States

Kirti Devi's picture

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The call for a price on carbon is growing louder in the corridors of business and government. Last week, former U.S. Treasury Secretary Hank Paulson wrote in The New York Times that climate risks are perhaps the biggest “known unknown” that we face, and he asked “farseeing business leaders” to demand a price on carbon—it’s the quickest, most efficient way to manage these risks.

Paulson was previewing the Risky Business report, which calculated the economic impact of climate change on U.S. businesses’ balance sheets. A few days later, CDP released a report on corporate use of internal carbon pricing.

CDP surveyed executives to find out why leading businesses are already valuing carbon to future-proof their business plans. It is interesting to note that some of the largest U.S. utilities, including American Electric Power and Exelon, price carbon in an effort to avoid stranding large fossil-fuel-fired power plants and to reassure investors.  Other less carbon-intensive businesses use internal prices to help achieve corporate sustainability goals—TD Bank aims to go carbon neutral, and Walt Disney Corporation (as well as Microsoft) uses internal pricing to encourage employee innovation while delivering profits. The value of encouraging more sustainable growth like this came through this week in the World Bank Group’s new Adding Up the Benefits report, which calculated the value of climate-smart development in lives, jobs, and economic growth, as well as the climate.

​Developing municipal credit markets: Experience with pooled finance

Kirti Devi's picture

Since October 29, 2015, Central Asia experienced fifteen earthquakes of moment magnitude 5.0 or greater, which on average amounts to an earthquake every 6 days.  Among these events are two notable ones that occurred on December 7th and 25th of 2015. The first earthquake was a 7.2 magnitude event in Murghob district of Tajikistan.

This was the largest earthquake in the country since the 1949 Khait earthquake and it brought widespread damage throughout the Gorno-Badakhshan Autonomous Region, Tajikistan's largest province located in the Pamir mountains. Losses consisted of 2 fatalities caused by landslides,  multiple injuries, complete or partial destruction of over 650 houses and 15 schools and kindergartens, damages to several health centers and a small hydroelectric power station, and loss of livestock. Estimates suggest that 4,000 people have been displaced and over 124,000 were affected by the earthquake, leaving many people homeless over the harsh winter period.

Spicing up research on sub-national development through open data: Indonesia Data for Policy and Economic Research (INDO-DAPOER)

В Таджикистане на оказание услуг первичной медико-санитарной помощи (ПМСП) расходуется лишь 27% государственных затрат в секторе здравоохранения. При этом на ПМСП в среднем по стране приходится более 70% всех обращений граждан.

Учитывая такой дисбаланс, с апреля 2014 года в республике проходит предпилотная стадия внедрения нового механизма финансирования ПМСП — финансирования по результатам деятельности (ФРД), которое должно существенно улучшить качество и охват услуг в указанной сфере. Особый акцент на настоящей стадии делается на предотвращение и раннее выявление заболеваний, относящихся к охране здоровья матери и ребенка, и неинфекционных заболеваний.

Tajik women and a child

 
 

South Asia and the Geography of Poverty

Otaviano Canuto's picture

The world has become relatively less poor in the last few decades. People under conditions of extreme poverty -- that is, living on less than $1.25 per day -- have declined as a proportion of the world population, from 52 percent in 1981 to 22 percent in 2008. Thirty years ago almost 75 percent of the developing world lived with $2 a day or less, this number is down to 43 percent today.