Syndicate content

Climate Change

Key climate messages from a day at the UN General Assembly

Max Thabiso Edkins's picture



September 21 was a great day for advancing climate action at the United Nations. The day kicked off with the High-level Event on the Entry into Force of the Paris Agreement, hosted by Secretary-General Ban Ki-moon in the General Assembly. Ban Ki-moon declared that more than 55 countries had formally joined the Paris Agreement on climate change signed by world leaders this past April, thus officially crossing one of the two thresholds required to bring into force the landmark pact that seeks to put the world on a path towards low-carbon growth and a more sustainable future.

“There is no time to waste. Today will take us one step closer to bringing the Paris Agreement into force this year,” the UN chief stressed. With the recent announcement that India is committed to ratifying the Paris Agreement, it looks like it is increasingly a done deal.

Lending a hand to transform the energy mix of an island nation

Kruskaia Sierra-Escalante's picture
 IFC
The BMR Jamaica Wind project, Jamaica’s largest private-sector renewable energy project. Photo: IFC


Last month, a new wind farm began spinning its blades in Jamaica. At 36 megawatts (MW) it became Jamaica’s largest private-sector renewable energy project, set to diversify the country’s energy matrix, reducing its high electricity prices and generating significant environmental and social benefits.

Hydropower in Vietnam: The right way to do it

John Roome's picture
Also available in: Vietnamese



People have been harnessing water to produce energy and perform work for thousands of years. The ancient Greeks used watermills to grind wheat into flour. Ancient Romans used the power of water to cut timber and stone. During the Han dynasty in China, hydraulically operated pumps raised water for crops into irrigation canals. Hydroelectric power is one of humankind’s oldest sources of energy.

Today it represents 16.6 percent of the world’s total electricity production while contributing 80% of the global renewable electricity mix.

The challenge to be climate smart with the world’s agriculture

Juergen Voegele's picture

Also available in: Spanish - French - Arabic

The West Africa Agriculture Productivity Program (WAAPP). Photo Credits: Dasan Bobo/The World Bank

Here’s something you may not be aware of: agriculture and changes in land use already contribute 25 percent of greenhouse gas emissions. It’s a statistic that matters in the face of two unrelenting challenges now facing the globe –how to turn the promises of last December’s historic Paris climate change agreement into reality and how to feed a growing global population.

Your air conditioner is making you cooler, and the world warmer. We can change that.

Karin Shepardson's picture
Also available in: Español - French - Arabic 
Copyright: Sławomir Kowalewski


Cooling and refrigeration are essential to increasing labor productivity, improving educational outcomes, safeguarding food and minimizing its waste, improving healthcare, and supporting countries’ digital ambitions (that computer of yours heats up pretty fast). And all of this, from improved productivity to education to health, is vital to eliminating extreme poverty and boosting shared prosperity across the globe.

Latin America and the Caribbean: seizing a trillion dollar opportunity in climate investments

Christian Grossmann's picture
 Alessandra Bazan Testino / IFC
Green-bond supported wind farm in Penonome, Panama. Photo credit: Alessandra Bazan Testino / IFC 


First published by Capital Finance International.

Soon the world will celebrate the one-year anniversary of the historic climate agreement signed in Paris in December 2015. The agreement will be implemented through country-led greenhouse gas (GHG) emissions reduction commitments known as their intended Nationally Determined Contributions (NDCs), which to date have been submitted by 189 countries covering 95 percent of global GHG emissions. 
 
Apart from signaling concrete commitments, these reduction targets also offer a clear signpost of the investment direction countries need to follow as the global economy steers towards a low-carbon, climate-resilient pathway. Estimates point to between $57 trillion and $93 trillion in new low-carbon, climate resilient infrastructure investment by 2030.[1] How developing countries evaluate and respond to their infrastructure needs will greatly determine their ability to meet GHG reduction commitments.

Dealing with disasters – from Japan to the Philippines and back and around

John Roome's picture
Also available in: 日本語
This post by John Roome originally appeared on Huffington Post Japan on June 28, 2016.


Just consider a few simple statistics. On average, more than 1,000 lives are lost every year in the Philippines, with typhoons accounting for 74 percent of deaths, 62 percent of the total damages, and 70 percent of damages to agriculture.

Typhoon Haiyan struck in November 2013, known as Super Typhoon Yolanda in the Philippines, one of the strongest tropical cyclones ever recorded. The country though is also highly exposed to other hazards, including earthquakes and volcanic eruptions.

Climate Investment Funds: The quiet motor behind our most impactful climate investments

John Roome's picture

It does not happen often that one of the finest actors of our time tweets about a World Bank supported project and invites all his fans to have a look at the impressive pictures taken from space. In fact, I can’t remember having seen that before.
 
But this is what Oscar winner and climate activist Leonardo DiCaprio did a few months ago when the Noor Concentrated Solar Plant (CSP) in Morocco—the largest CSP plant in the world - was opened. Once finalized, in two years, it will provide clean energy to 1.1 million households. I visited the plant two weeks ago and it is truly an impressive site. The indirect benefits of the project might even be larger: it has advanced an important and innovative technology, it has driven down costs of CSP, and it holds important lessons for how public and private sectors can work together in the future.
 
I am proud that the World Bank, jointly with the African Development Bank and a number of foreign investors, supported this cutting-edge solar energy project. But it was made possible thanks to the Climate Investment Funds (CIF), which put in US$435 million to “de-risk” the investment, playing an essential role to kickstart the deal. 

Reflections on the Paris Agreement at a critical juncture for the CIF

Mafalda Duarte's picture



21 years is a long time. Long enough to raise a child and send him or her off to college. That is how long it has taken to get to the Paris Climate Agreement. The Paris Agreement does set a goal of holding the temperature increase to well below 2C and pursuing efforts to limit the increase to 1.5 C.  The latter goal is in line with what credible scientists have been telling us for a long time (only a 1.5C goal may prevent long-term multi-meter sea level rise, as an example).

Using auctions to support climate and development outcomes

Scott Cantor's picture


Auctions are ubiquitous. On any given day, somewhere in the world, bidders compete for energy, wireless spectrum, used vehicles, agricultural products—the list goes on. Auctions can help resolve uncertainties in the market, convening buyers and sellers to help them achieve the best possible price for goods or services that are otherwise difficult to value.
 
Auctions can also resolve uncertainties in the development sector, identifying the projects most likely to succeed and determining the right level of funding. To test this hypothesis in the climate arena, the World Bank has been piloting an approach to incentivize green projects in developing countries. The Pilot Auction Facility for Methane and Climate Change Mitigation (PAF) held its second online auction earlier this month, allocating $20 million in funding directly to the private sector for projects reducing methane emissions.

Pages