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.
Experts agree that its activities by people which are increasing the severity of storms like these. Climate change isn’t just projected to increase the intensity of hurricanes and cyclones, but a whole other range of other natural hazards, like droughts, floods, storms, and heat waves.
In Nepal, indigenous groups produced a range of training materials, including videos in local languages on forests and climate change, to help more than 100 women and community leaders in the Terai, Hill and Mountain areas better understand what terms like ‘mitigation and adaptation strategies for climate resilience’ mean for them in their daily lives.
A team of consultants in Kenya, who are members of indigenous communities with an understanding of regional politics and geographical dynamics, worked on increasing community involvement in sustainable forest management through workshops and face-to-face meetings. As part of their work, they collected information on land tenure status within indigenous territories, which will help the country prepare a national strategy for reducing emissions from deforestation.
- Dedicated Grant Mechanism
- Forest Investment Program
- capacity building
- UN Permanent Forum on Indigenous Issues
- sustainable forest management
- Forest Carbon Partnership Facility
- land use
- climate investment funds
- climate resilience
- Climate adaptation
- climate mitigation
- Indigenous Communities
- Indigenous Peoples
- Climate Change
- Latin America & Caribbean
- Congo, Democratic Republic of
- Burkina Faso
- Sustainable Communities
A couple of days ago, my five year old declared that she wanted to be a Super Hero. From wanting to be a little pony a few months ago, she was moving up the role model chain. She, however, was more interested in finding out which monster she would have to fight. Without giving it much thought, I told her that the biggest monster she would have to fight was Climate Change.
she asked, suddenly very interested.