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Water

Green Bonds Market Tops $20 Billion, Expands to New Issuers, Currencies & Structures

Heike Reichelt's picture
Annual Green Bonds Issuances


In January, World Bank Group President Jim Yong Kim urged the audience at the World Economic Forum in Davos to look closely at a young, promising form of finance for climate-smart development: green bonds. The green bond market had surpassed US$10 billion in new bonds during 2013. President Kim called for doubling that number by the UN Secretary-General's Climate Summit in September.

Just a few days ago—well ahead of the September summit—the market blew past the US$20 billion mark when the German development bank KfW issued a 1.5 billion Euro green bond to support its renewable energy program.

A Lesson in Hydro-Pragmatism

Rajib Upadhya's picture
Nepali visitors survey the Nam Theun 2 reservoir. Rajib Upadhya/World Bank

The similarities are striking. Nepal and Lao PDR are both land-locked. Both are endowed with vast hydropower potential. Both aspire to middle income status by the first quarter of this century. To their advantage, both Nepal and Lao PDR border energy-starved neighbors and see regional energy trade as their ticket out of poverty. And both countries harbor ambitions to become the “battery” that powers growth and prosperity in their respective regions.
 
Yet Lao PDR is going places while Nepal is stuck in stasis.

To understand this conundrum, the World Bank Group facilitated a study visit to Lao PDR last week for senior political party leaders and journalists from Nepal. The visit included a tour of the groundbreaking 1,080 MW Nam Theun 2 Hydropower Project as well as meetings with hydropower champions in the Lao government, private sector developers and local communities.

July 11, 2014: This Week in #SouthAsiaDev

Mary Ongwen's picture
We've rounded up 19 tweets, posts, links, and +1's on South Asia-related development news, innovation and social good that caught our eye this week. Countries included: Afghanistan, Bangladesh, Bhutan, India, Maldives, Nepal

How and Why Countries are Changing to Reach Universal Access in Rural Sanitation by 2030

Eddy Perez's picture

The proposed WHO/UNICEF Joint Monitoring Program (JMP) WASH Post 2015 goals for sanitation calls for universal access to basic improved sanitation – by the year 2030. Using largely small scale project approaches that have failed to deliver sustainable sanitation service delivery – especially for the poor -- most countries have not yet achieved the more modest MDG sanitation goals. However, many countries have already started working to achieve the goal of universal access by taking steps to make the transformational changes needed to stop doing “business as usual” in their sanitation programs.

Back from Dakar: An update on CIWA’s expanding and deepening program

Gustavo Saltiel's picture
After a successful set of consultations around Africa’s pre-eminent gathering of water experts, policy makers, and civil society, the Cooperation in International Waters (CIWA) program is back from the 5th Annual Water Week (AWW) convened by the African Ministers’ Council on Water in Dakar in late May.

July 4, 2014: This Week in #SouthAsiaDev

Mary Ongwen's picture
We've rounded up 20 tweets, posts, links, and +1's on South Asia-related development news, innovation and social good that caught our eye this week. Countries included: Afghanistan, Bangladesh, Bhutan, India, Maldives, Nepal

Setting the Example for Cooperative Management of Transboundary Water Resources in West Africa

Kabine Komara's picture

Stretching for more than 1,800 kilometers across Guinea, Mali, Senegal and Mauritania, the Senegal River is the third longest river in Africa. In a region such as the Sahel, which is plagued by drought, poverty, and underdevelopment, access to a water resource such as the Senegal River is critical to local populations who rely on it for energy production, land irrigation, and potable water.
 

June 27, 2014: This Week in #SouthAsiaDev

Mary Ongwen's picture
We've rounded up 20 tweets, posts, links, and +1's on South Asia-related development news, innovation and social good that caught our eye this week. Countries included: Afghanistan, Bangladesh, Bhutan, India, Maldives, Nepal

Development Challenges for Participatory Public Delivery of Underground Water in Rural India

Abhilaksh Likhi's picture

India’s rapidly industrializing economy and urbanizing society pose a daunting challenge towards augmenting the limited supply of water resources.  No wonder that conflicts over competing uses and users of water, especially in rural areas, are growing by the day. Agriculture, that uses eighty percent of the water resources with low efficiency, is a case in point. Falling water table due to deep drilling and groundwater contamination through discharge of untreated effluents is a serious problem. Therefore, in context of the climate change effects that continue to upset weather patterns, efficient underground water management is extremely critical for 200 million hectares of rainfed areas. This, infact, constitutes 62% of the geographical area of the country with the largest concentration of rural poverty spanning several agro ecological regions.

Since groundwater, as a common pool resource, also accounts for nearly two- thirds of India’s irrigation water needs, there is a dire need for a participatory approach to make its sustainable management more effective. It is interesting to highlight that while groundwater resources are perceived as a part of specific geographic and administrative formations- watersheds, landscapes, river basins, villages, blocks, districts and states, they are seldom placed in the context of aquifers- rock formations that are capable of storing and transmitting the same.

In Photos: Monitoring Program Identifies Major Bottlenecks in Water and Sanitation Delivery in Central America

A regional initiative that assists governments in identifying funding gaps and prioritizing reforms is helping El Salvador, Honduras and Panama better meet their national goals for water and sanitation.

Photo credit: ANDA El Salvador

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