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The World Region

International transfers of mitigation to achieve the goals of the Paris Agreement

Michael Toman's picture
More than a year has passed since the signing of the Paris Agreement under the United Nations Framework Convention on Climate Change, in which developed, emerging and developing countries across the world have pledged to limit or reduce their greenhouse gas emissions (GHGs) as a start toward limiting dangerous climate change. Under the Agreement, countries can work together to reduce emissions. Mike Toman, a Lead Economist in the World Bank’s Development Research Group, and Motu’s Suzi Kerr have come up with three basic guidelines for financing of emissions reductions in less economically advanced countries:
  1. Do not conflate “international carbon markets” with “internationally transferred mitigation outcomes.”
  2. Be cautious about the apparent gains from linking emissions trading markets.
  3. Create contracts between developed and developing country governments for internationally transferred mitigation obligations.

A hybrid model to evaluate energy efficiency for climate change mitigation

Govinda Timilsina's picture
In response to global calls for climate change mitigation, many countries, especially in the developing world, have considered pursuing policies that can help reduce greenhouse gas (GHG) emissions and also ensure additional economic benefits. Accelerating the adoption of energy efficient technologies is one of the main options as it may help reduce consumers’ spending on energy besides reducing GHG emissions.

Trade has been a global force for less poverty and higher incomes

Ana Revenga's picture

In the ongoing debate about the benefits of trade, we must not lose sight of a vital fact. Trade and global integration have raised incomes across the world, while dramatically cutting poverty and global inequality. 

Within some countries, trade has contributed to rising inequality, but that unfortunate result ultimately reflects the need for stronger safety nets and better social and labor programs, not trade protection.

Rethinking governance for more effective policymaking

WDR Team's picture

We’ve all had those hallway conversations or coffee meetings or been privy to overhearing those chats… the ones where we have quick exchanges on why so many ‘best practice’ polices – such as those designed to reduce teacher absenteeism-- continually fail on implementation. Or why policies such as energy subsidies are so difficult to get rid of when they are universally recognized as regressive and encouraging inefficient energy use.

That’s where today’s launch of the 2017 World Development Report (WDR) on Governance and the Law led comes into play. The new report, co-directed by Luis-Felipe Lopez-Calva and Yongmei Zhou, starts by acknowledging that all countries share a similar set of development goals: to minimize the threat of violence, to promote growth, and to improve equity. But too often, carefully designed, sensible policies to achieve these objectives are not adopted or implemented—and when they are, they too often fall short of achieving their goals. The report argues that the development community needs to move beyond asking “what is the right policy?” and instead ask “what makes policies effective in achieving desired outcomes?” As this WDR suggests, the answer has to do with governance—that is, the process through which state and non-state actors interact to adopt and implement those policies.

Stronger together: Stepping up our partnerships with the UN

Hartwig Schafer's picture

A few years ago, West Africa was gripped by the Ebola outbreak. The onset of the virus devastated communities and weakened the economies of Guinea, Liberia, and Sierra Leone.

Ebola moved quickly and an immediate response by development partners was badly needed. The governments of the three affected countries requested assistance from UN agencies and the World Bank to lead a coordinated effort to curb the epidemic. The Bank responded by restructuring ongoing health projects to free up resources for the governments to quickly contract UN agencies.  

Investment slump clouds growth prospects

Franziska Ohnsorge's picture

Investment growth in emerging market and developing economies has tumbled from 10 percent in 2010 to 3.4 percent in 2015 and was below its long-term average in nearly 70 percent of emerging an developing economies in 2015. This slowing trend is expected to persist, and is occurring despite large unmet investment needs, including substantial gaps in infrastructure, education, and health systems.

A review of How China Escaped the Poverty Trap by Yuen Yuen Ang

Yongmei Zhou's picture

We chose to highlight this book for the World Development Report (WDR) 2017 Seminar Series as its focus on institutional functions rather than forms and on adaptation resonates strongly with the upcoming WDR 2017.

The first takeaway of the book, that a poor country can harness the institutions they have and get development going is a liberating message. Nations don’t have to be stuck in the “poor economies and weak institutions” trap.  This provocative message challenges our prevailing practice of assessing a country’s institutions by their distance from the global best practice and ranking them on international league tables. Yuen Yuen’s work, in contrast, highlights the possibility of using existing institutions to generate inclusive growth and further impetus for institutional evolution.

Being open-minded about universal basic income

Ugo Gentilini's picture

In a world riddled with complexity, the simplicity of universal basic income grants (BIGs) is alluring: just give everyone cash. Excerpts of such radical concepts have been put in practice across the globe, with the launch of a pilot in Kenya, results from India, a coalition in Namibia, an experiment in Finland, a pilot in the Unites States, a referendum in Switzerland, and the redistribution of dividends from natural resources in Alaska and elsewhere.

Tony Atkinson (1944 – 2017) and the measurement of global poverty

Francisco Ferreira's picture

Sir Anthony Atkinson, who was Centennial Professor at the London School of Economics and Fellow of Nuffield College at Oxford, passed away on New Year’s Day, at the age of 72. Tony was a highly distinguished economist: He was a Fellow of the British Academy and a past president of the Econometric Society, the European Economic Association, the International Economic Association and the Royal Economic Society.  He was also an exceedingly decent, kind and generous man.

Although his contributions to economics are wide-ranging, his main field was Public Economics. He was an editor of the Journal of Public Economics for 25 years, and his textbook “Lectures on Public Economics”, co-authored with Joe Stiglitz in 1980, remains a key reference for graduate students to this day. Within the broad field of public economics, Tony published path-breaking work on the measurement, causes and consequences of poverty and inequality – from his early work on Lorenz dominance in 1970, all the way to his more recent joint work with Piketty, Saez and others on the study of top incomes. Over his 50-year academic career, he taught, supervised and examined a large number of PhD students, some of whom came to work at the World Bank at some point in their careers.

Financial incentives in health: supply- vs. demand-side. Your help is needed!

Adam Wagstaff's picture

A blogpost on financial incentives in health by one of us in September 2015 generated considerable interest. The post raised several issues, one being whether demand-side financial incentives (like maternal vouchers) are more or less effective at increasing the uptake of key maternal and child health (MCH) interventions than supply-side financial incentives (variously called pay-for-performance (P4P) or performance-based financing (PBF)).

The four of us are now hard at work investigating this question — and related ones — in a much more systematic fashion. And we'd very much welcome your help.

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