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Public Sector and Governance

Is There a Blueprint for Diversification?

Francisco G. Carneiro's picture

Many resource-rich countries are looking to diversify their economies, in anticipation of the day their natural wealth runs out.  Resource extraction is extremely costly and employs only a fraction of the workforce. After the recent turmoil in the Middle East, policy makers have begun focusing more on the need to create jobs, provide for inclusion, and increase public participation in government decision-making. There are several examples of countries that have used their resource wealth to share prosperity, including the United States, Norway, and Australia.

But is there a blueprint for diversification and economic prosperity?

2.3 Million Lives Lost: We Need a Culture of Resilience

Rachel Kyte's picture
Also available in: العربية

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By 2050, the urban population exposed tos torms and earthquakes alone could more than double to 1.5 billion.

Looking at communities across our planet, there is a brutal lack of resilience in our modern lives. Cities have expanded without careful planning into flood- and storm-prone areas, destroying natural storm barriers and often leaving the poor to find shelter in the most vulnerable spots. Droughts, made more frequent by climate change, have taken a toll on crops, creating food shortages.

In the past 30 years, disasters have killed over 2.3 million people, about the population of Houston or all of Namibia.

How a Week in Rio Leads to an Active Monday Morning

Rachel Kyte's picture

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What will you do Monday morning to start making a difference? UN Photo/Maria Elisa Franco

We came to Rio+20 determined that one outcome of the UN Conference on Sustainable Development must be a plan for what ministers of finance, development and environment and ourselves need to do differently Monday morning, June 25th  – if we are to achieve sustainable development for all. 

We have our plan.

We came to Rio+20 knowing that inclusive green growth is the pathway to sustainable development, and the evidence here is that this international community agrees. 

The analysis behind the World Bank’s report Inclusive Green Growth: The Pathway to Sustainable Development framed many of the conference debates and helped facilitate a new focus on natural capital accounting – a fundamental component of inclusive green growth.

According to the 59 countries, 86 companies, and 17 civil society organizations that supported the World Bank Group-facilitated 50:50 campaign – as well as many others – natural capital accounting is an idea whose time has come.   

In fact, natural capital accounting events filled the Rio Convention Center, and government and civil society groups alike highlighted the importance of moving beyond GDP.

This new energy and emphasis around this issue may be the most important outcome of Rio+ 20. 

Upping the Level of Ambition in Rio

Rachel Kyte's picture

Rio+20 Art. UN Photo/Maria Elisa Franco
Art at the Rio+20 Pavillion reminds those passing by: "The future begins with the decisions we make in the present." UN Photo/Maria Elisa Franco

 

While negotiators were getting their teeth stuck into the newly circulated text at Rio Centro, I meeting-hopped today around the city to meet with legislators, NGOs, and the private sector.

There may not be the buzz of `92 – yet. But, the sense of urgency, action, and recognition of the need to up the level of ambition at Rio was evident among these critical groups.

In the magnificent Tiradentes Palace, over 300 parliamentarians from more than 70 countries gathered for the first ever World Summit of Legislators organised by GLOBE International. They were there to agree a new mechanism for scrutinizing and monitoring governments on delivery of the Rio agreements (past and present). Also a new Natural Capital Action Plan.

Rio +20: A Global Stage

Rachel Kyte's picture

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Earth Summit 1992. UN Photo/Michos Tzovaras
Photo: The scene at the 1992 Earth Summit in Rio de Janeiro, where the conference adopted the Rio Declaration on Environment and Development and the Agenda 21 programme of action, among other actions. UN Photo/Michos Tzovaras.


This week, the city of Rio de Janeiro will become a global stage, home to tens of thousands of people attending the UN Conference on Sustainable Development.

Rio+ 20 is an important global stage upon which those committed to action from government, the private sector, and society can show how they plan to demonstrate that we can accelerate progress, if we change the way we grow.

We need a different kind of growth, a greener and more inclusive growth. We think it is affordable with help to those for whom upfront costs may be prohibitive. We think we should be able to value natural resources differently within our economic model. We think that with the right data and evidence we can avoid the irreversible costs of making wrong decisions now. And we can have economic systems that are much more efficient.

Following Up on Our Rio +20 Live Chat

Rachel Kyte's picture

Rachel Kyte on the Live Chat

I enjoyed talking with everyone who signed into the live chat this week. If you missed it, you can catch up with the conversation at World Bank Live.

We talked a lot about the importance of moving beyond GDP to a more holistic way of measuring development that incorporates the value of natural resources. We also discussed inclusive green growth as the path to sustainable development, the need for better oceans management, expectations for Rio +20 – the UN Conference on Sustainable Development – and what people want to see in any sustainable development goals (SDGs) that emerge from the conference.

The hour flew by, and there were several questions that I didn’t have time to get to. I’d like to address some of those now.

In Somaliland, Political Legitimacy Comes from Contributing to Peace

Caroline Rusten's picture

"I am selling my ears" (Dhagahaan iibinayaa), Abdillahi says, laughing.

The sharp light glimmers through the small opening in the tinted window, the wind is audible. It is early morning in Hargeisa, the self-proclaimed Republic of Somaliland, occupying the north-western territory of what the international community defines as Somalia. Somalia and Somaliland could not be further apart in conflict resolution experience and relative stability.

Abdillahi is still looking at me, his smile widens, his eyes sparkle. Chuckling, he leans towards me to emphasize his point. He had been telling me about the peace conference between the Somaliland clans in Borama in 1993, and had interrupted himself with the expression about selling his ears.

"That is what we say today about daily allowances from donors," he explains. "Our society is built on contribution, people here gets legitimacy through contribution.

Join Us for a Live Chat about Rio+20 on World Environment Day

Rachel Kyte's picture

Credit: Henrique Vicente, Creative Commons

On June 5, World Bank Vice President for Sustainable Development Rachel Kyte will host a live online chat about Rio +20 and sustainable development at live.worldbank.org. Submit questions now, and then join Rachel Kyte and economist Marianne Fay on June 5 at 14:00 GMT/10 a.m. EDT.
 

Rio +20 is coming up in a few weeks. Some 75,000 leaders, advocates, scientists and other experts are expected in person, and tens of thousands more will be watching online to see how the world can advance sustainable development.

Many of us have been advocating for greener, more inclusive growth since before the first Earth Summit at Rio 20 years ago. We’ve seen economic growth lift 660 million people out of poverty, but we’ve also seen growth patterns run roughshod over the environment, diminishing the capacity of the planet’s natural resources to meet the needs of future generations.

The growing global population needs world leaders to do more than just check in at the UN Conference on Sustainable Development, Rio+20 – it needs them to move the needle now toward truly sustainable development practices.

The Journey to Renewable Energy Starts with a Map

Christopher Neal's picture

At the December 2009 Copenhagen climate change conference, Saad Hariri, then Prime Minister of Lebanon, announced his country’s new target for renewable energy: 12% of the national energy mix, to be achieved by 2020. This prompted an intense wind-mapping effort that concluded a year later, with an estimate that Lebanon’s onshore windpower potential is 6.1 gigawatts (GW)—more than a third of current consumption—said Pierre El-Khoury, Manager of the Lebanese Energy Ministry’s Center for Energy Conservation.

El-Khoury outlined Lebanon’s wind-mapping exercise at a Washington workshop on renewable energy resource mapping hosted by the Energy Sector Management Assistance Program (ESMAP) May 9. The Lebanese wind atlas, developed in collaboration with GL Garrad Hassan and Partners, and financed by UNDP and Spain, has identified eight optimal sites for wind farms, of which three will be selected for development. El-Khoury and others cited the government commitment to a target for renewable energy as a “main driver” of the resource mapping that followed.

Moving the Needle on Healthier Environments and Sustainable Development

Rachel Kyte's picture

Over the past few days of the World Bank/IMF spring meetings, it’s been exciting to see just how much interest and real commitment there is among the world’s finance ministers to move toward inclusive green growth and sustainable development.

Several finance ministers at the Rio breakfast with Ban Ki-moon, Bob Zoellick, and Christine Lagarde talked about the need for better national wealth measurements that incorporate natural resources. Some were already implementing new forms of natural capital accounting. Others wanted to know more.

They were absolutely clear about two things: They want better methodology, data, and evidence to help guide them on the path to sustainable development, and they see a clear role for the World Bank as a source of that knowledge.

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