Meeting global climate goals requires ambitious, transformational and systemic action. Sustainable infrastructure is at the heart of this opportunity and can deliver cities where we can move, breathe and be productive; resilient systems for power, water and housing that withstand increasingly frequent and severe climate extremes; and ecosystems that are more productive and robust. Mobilizing public and private resources is an essential part of generating the trillions of dollars needed for this sustainable infrastructure.
Climate change is not simply an “environmental” problem. Rising temperatures pose potentially catastrophic risks to people, their livelihoods, and entire cities.
When I tell people that I am a forest specialist, they sometimes assume my work is forest first, people second. But the really exciting part of my job is that better forests make better communities.
There is mounting evidence that forest management improves people’s livelihoods all over the world. Standing forests are worth much more than cut ones and we are setting out to prove this in Mozambique, where protecting forests is among the fastest and most affordable ways to cut emissions and promote sustainable development.
The blog draws on joint ongoing and published work with several IMF staff, including Leo Bonato, Aliona Cebotari, Julian Chow, Alejandro Guerson, Franz Loyola, Sònia Muñoz, Uma Ramakrishnan, Ippei Shibata, Krishna Srinivasan and Karim Youssef.
Five years since its launch, the key messages of the World Development Report on Risk and Opportunity (WDR 2014) remain as pertinent as they were back then. WDR 2014 argued that risk management can be a powerful instrument for development, as mismanaged risks can destroy lives, assets, and economic and social stability, with the poor often hit the hardest. Managing risk plays an important role in increasing resilience to adverse shocks. It needs to combine the capacity to prepare for risk with the ability to cope afterward, considering how upfront costs of preparation compare with its potential benefits.
Few countries can match Cabo Verde’s development progress over the past quarter of a century. Its Gross National Income per capita (GNI) grew six-fold. Extreme poverty fell by two-thirds from 30% in 2001 (when poverty measurement began) to 10% in 2015 (see first chart) which translates into an annual poverty reduction rate of 3.6%, outperforming any other African country during this period. Non-monetary poverty also dropped fast (see second chart). In many ways, Cabo Verde is a development star, and these achievements were made despite the disadvantage it faces as a small island economy in the middle of the Atlantic.
The World Bank Group has launched its Action Plan on Climate Change Adaptation and Resilience. As an institution that is committed to development, the World Bank has an enormous responsibility to help countries and communities act early, to build resilience to what we know they are going to be facing – more frequent and more dramatic climate disasters because of climate change.
In fact, over the past 30 years, more than 2.5 million people and almost $4 trillion have been lost to disasters caused by natural hazards, with global losses quadrupling from $50 billion a year in the 1980s to $200 billion in the last decade, reaching $330 billion in global losses in 2017.
Statistics show that what is commonly perceived as an energy gap in India is actually an efficiency gap.
But first, the good news. . That same year, power shortages declined dramatically to 0.9 percent from 8.5 percent in 2012.
As for clean power,
On top of that,
The country faces a monumental task to meet this demand while protecting its natural environment and the health of its people.
As I write in my new report, ‘In the Dark’, power distortions cost India much more than previously estimated: $86 billion in 2016—that is 4 percent of the country’s economy.
In 2015, leaders of 193 countries formed an ambitious plan to guide global development action for the next 15 years by agreeing on a set of Sustainable Development Goals (SDGs). Four years after their launch, the World Bank’s expertise in development data and its large repository of development indicators has played an important role in helping track progress made towards the achievement of the SDGs.
How does SDG monitoring work and how is the World Bank involved?
To monitor the 17 goals and 169 associated targets, a framework of 230+ indicators was developed by the Inter-agency and Expert Group on SDG Indicators (IAEG-SDGs), a group of UN Member States with international agencies as observers. Different international agencies were assigned as “custodians” of the SDG targets. In this capacity, the custodian agencies work with national statistical offices to develop methodologies for indicators to measure progress on the SDGs. The agencies also work with countries to compile data for SDG indicators, which they submit to the UN Statistics Global SDG database.
The World Bank participates in IAEG-SDGs as an observer and is a custodian or co-custodian (with other agencies) for 20 indicators, and is involved in the development and monitoring of an additional 22 indicators. Altogether, the World Bank is formally engaged with the monitoring of 42 of the 230+ indicators. The indicators cover a wider range of topics in which the World Bank has expertise, including poverty and inequality, social protection, gender equality, financial access, remittances, health, energy, infrastructure, and so on.
Water, climate, and finance know no borders. This brings both challenges and opportunities. When it comes to freshwater, a majority of the world’s surface water flows in transboundary basins, spanning multiple federal states and countries. At the same time, most impacts from climate change are felt through the global water cycle and sub-cycles. Thus, transboundary cooperation is crucial for strengthening climate resilience. And, when done appropriately, riparian countries and river basin organizations (RBOs) can harness their unique attributes to secure adaptation financing from a range of sources.
In that context, the task at hand for the Sustainable Mobility for All initiative (SuM4All) was clear: How can we work with decision-makers and the international community to transform the conversation, harness the full potential of these emerging solutions, and take on the world’s most pressing mobility issues?
To tackle these challenges, the initiative decided to focus on three essential steps.
- inclusive transport
- Sustainable Development
- infrastructure financing
- transport financing
- rural access
- transport accessibility
- road safety
- safe transport
- green mobility
- low-carbon transport
- green transport
- international cooperation
- Global Engagement
- sustainable mobility
- sustainable transport
- Sustainable Communities
- Urban Development
- Law and Regulation
- Information and Communication Technologies
- Global Economy
- Financial Sector
- Climate Change