World Bank Voices
Syndicate content

Blogs

The path to carbon pricing

Jim Yong Kim's picture
Also available in: Français | 中文 | Español | العربية
Iron and Steel giant ISKOR's Vanderbijl Park refinery. © John Hogg/World Bank


In just six weeks, world leaders will meet in Paris to negotiate a new global climate-change agreement. To date, 150 countries have submitted plans detailing how they will move their economies along a more resilient low-carbon trajectory. These plans represent the first generation of investments to be made in order to build a competitive future without the dangerous levels of carbon-dioxide emissions that are now driving global warming.

The transition to a cleaner future will require both government action and the right incentives for the private sector. At the center should be a strong public policy that puts a price on carbon pollution. Placing a higher price on carbon-based fuels, electricity, and industrial activities will create incentives for the use of cleaner fuels, save energy, and promote a shift to greener investments. Measures such as carbon taxes and fees, emissions-trading programs and other pricing mechanisms, and removal of inefficient subsidies can give businesses and households the certainty and predictability they need to make long-term investments in climate-smart development.

Global dialogue bolsters World Bank engagement with Indigenous Peoples

Ede Ijjasz-Vasquez's picture
Also available in: Español
Supporting Indigenous Peoples’ sustainable development is critical to meeting the World Bank’s twin goals of ending poverty and boosting shared prosperity in the countries in which they live. The recent International Day of the World’s Indigenous Peoples and International Day for the Eradication of Poverty both helped draw attention to the 350 million Indigenous Peoples in the world who:
  • Are culturally distinct societies and communities – the land on which they live and the natural resources on which they depend are inextricably linked to their identities, cultures, and economies;
  • Are among the most disadvantaged populations in the world, representing roughly 4.5 percent of the global population but more than 10 percent of the poor; and 
  • Even within their own traditional territories – which hold 80 percent of the planet’s biodiversity – they legally own less than 11 percent of the land.
The World Bank is working actively and globally with Indigenous Peoples on a number of issues directly affecting them, and seeks to position marginalized groups such as the Indigenous Peoples at the center of the development agenda.

It should be recognized, however, that improving the conditions for Indigenous Peoples is not an easy task. Indigenous Peoples are often found in remote and isolated regions with poor access to social services and economic infrastructure. They also often suffer from multiple dimensions of exclusion. Furthermore, standard development projects have shown limitations in areas with Indigenous Peoples, particularly if they are not designed and implemented with the active participation of the indigenous communities.

The private sector and peace: What does Tunisia’s Nobel Peace Prize teach us?

Daniela Henrike Klau-Panhans's picture
A Tunisian woman makes and sells items from palm tree by-products.
Private companies are often associated with profit maximization, labor exploitation and environmental harm especially in conflict situations. But can companies like Airtel in Kenya or a small enterprise in Sri Lanka contribute to peace?

Five challenges prevent financial access for people in developing countries

Gloria M. Grandolini's picture
Also available in: Français | العربية | Español


Financial products must be adapted to women’s needs, like enabling them to open their own account or improving their financial literacy. Photograph: World Bank Photo Collection

Two billion people worldwide still lack access to regulated financial services. Despite significant progress and the increased technical and financial resources devoted to financial inclusion, much work remains ahead.
 
There is broad consensus that access to a transaction account can help people better manage their life and plan for emergencies.

But financial access and the underlying financial infrastructure taken for granted in rich countries, such as savings accounts, debit cards or credit as well as the payment systems on which they operate, still aren’t available to many people in developing countries. This past September, I participated in the Global Policy Forum of the Alliance for Financial Inclusion (AFI) held in Mozambique.  This annual meeting convened policymakers, the private sector and other stakeholders to assume new commitments, discuss best practices and agree on the way forward.

Share your support today for End Poverty Day, October 17

Korina Lopez's picture
Also available in: Español | Français | العربية | 中文

Share your support today for End Poverty Day, October 17

All day, every day, ending poverty is our collective goal. We all want to make sure that everyone has access to jobs, education, food, protection from violence – the list goes on.  A few weeks ago, global leaders and policymakers agreed on 17 Sustainable Development Goals (SDGs or Global Goals). No. 1 is ending poverty. So it seems fortuitous that Oct. 17 is International Day for the Eradication of Poverty – a day dedicated to raising awareness about what each of us can do to solve this global issue. 

We’re asking everyone who wants to end poverty to show support. Change your profile pic on your social media channels to one of the eight End Poverty logos below. Share your vision of what must happen for a better world, whether it’s clean water or gender equality. Use the power of social media, using the hashtag #EndPoverty, to invite your family and friends to join the #EndPoverty movement. We have just the one world, let’s make it great.

#Music4Dev guest MzVee hopes her music will help end poverty

Korina Lopez's picture
Also available in: Français | العربية | Español


Now that’s dedication.

MzVee wants to do her part in ending poverty, not in just her home country of Ghana, but all over the world. So, the singer/songwriter wrote a song about it, appropriately called “End Poverty.” The star, who has earned several music awards as well as a nomination, sat down with the World Bank’s Kafu Kofi Tsikata to talk about her work.

Is climate-smart gender-smart?

Sanna Liisa Taivalmaa's picture
Also available in: العربية
Women farmers in Rwanda.
Women create terraces on a farm in Rwanda. Photo: A'Melody Lee / World Bank


Climate-smart agriculture (CSA) can help make the food system more sustainable in a changing climate. But does it come at a cost to women, in terms of a heavier workload?

Climate-smart agriculture’s three pillars: improved agricultural productivity, increased adaptation to climate change and reduction of greenhouse gases are goals well worthy of targeting. On the one hand, CSA practices such as water harvesting or planting trees that provide more accessible fuel, fodder and food can save women’s time. On the other hand, some practices such as increased weeding or mulch spreading can require women to spend more time in the field.

Global learning about financing development – MOOC available

Bertrand Badré's picture
Also available in: Français | Español | العربية | 中文


​As previous readers know, I am a strong believer in the critical role the private sector has to play in financing the recently adopted Sustainable Development Goals (SDGs). This new global framework with its ambitious post-2015 development agenda will need a different magnitude of financing, one that will surpass the current capacities of governments and international donors. I have highlighted, in previous posts, the need to leverage the “billions” in Official Development Assistance (ODA) to attract and mobilize “trillions” in investments of all kinds: public and private, national and global, in both capital and capacity.

Unleashing private investment in renewable energy

Korina Lopez's picture
Also available in: Español | العربية | Français
Angus McCrone, Jin-Yong Cai, and Rune Bjerke discuss renewable energy. © Franz Mahr/World Bank


More than 700 million people live in extreme poverty around the world. If that number seems daunting, then consider this: 1.1 billion people – more than three times the population of the United States – live without electricity.

So it goes without saying that ending energy poverty is a key step in ending poverty itself. And world leaders agree – a sustainable development goal just for energy was adopted last month. It emphasizes the role of renewable energy in getting us to the finish line of reaching sustainable energy for all by 2030. What will give us a big boost in that race? Private financing.

Pages