By World Bank
Weather switch threatens to derail improvement, whilst improvement pumps ever-greater amounts of carbon dioxide into an environment already polluted with centuries of Western emissions. the realm financial institution, with a newly-articulated Strategic Framework on improvement and weather switch, needs to confront those entangled threats in aiding its consumers to carve out a sustainable progress course. This assessment assesses the Bank's event with key win-win regulations within the power zone.
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Extra resources for Climate Change and the World Bank Group Phase 1: An Evaluation of World Bank Win-win Energy Policy Reforms (Independent Evaluation Group Studies)
Drawing on and expanding an earlier IEG report on renewable energy (IEG 2006b), it will review the World Bank Group’s record in promoting investments in renewable energy and energy efficiency. The World Bank Group has used different units and financing mechanisms— including carbon finance, IFC investments, GEF grants, and IDA lending—to promote technology diffusion or to compensate countries for the cost of adopting technologies with global benefits. This phase of the evaluation will also assess the institutional contributions of the Bank’s Carbon Finance Unit in spurring global transfers and aspects of the Bank’s forest experience relevant to the REDD agenda.
Safe” levels are debated: the Stern Review advises a target between 450 and 550 ppm to minimize the chance of catastrophic outcomes; others, worried about crossing a tipping point to accelerated CO2 release, recommend lower levels. Global models (IPCC 2007a) show that to stabilize CO2e concentrations below 535 ppm, global emissions must begin to decrease before 2020—sooner, if more stringent limits are sought. ) Issue Energy pricing Energy efficiency Policies: design and implementation (IDA/IBRD) Investments in technologies, facilities, hardware, financial intermediaries (IDA/IBRD/IFC/MIGA/carbon finance) National adoption of policies that Impact of power pricing policies on remove energy subsidies or rationalize specific investments in renewable energy prices energy and energy efficiency Policies (in addition to pricing) that Efficiency finance, including ESCOs; encourage energy efficiency, with facility-level investments in demand- and emphasis on end-user and supply-side efficiency demand-side efficiency Gas flaring Natural gas pricing policies and gas Not covered flaring reduction; GGFR experience Transport Fuel pricing policies Transport projects Renewable energy Renewable energy policies (feed in Investments in specific technologies tariffs) affecting investments (wind, water, and the like) Not covered Protected areas, enforcement of anti- Reduced emissions from deforestation deforestation laws, community forests and forest degradation Note: IDA = International Development Association; IBRD = International Bank for Reconstruction and Development (World Bank); GGFR = Global Gas Flaring Reduction Partnership; ESCO = energy service company.
Even complete elimination of developed- country emissions would not suf fice by itself. The Bali Action Plan (UNFCCC 2007) commits all members of the UNFCCC to the pursuit of “deep cuts in global emissions,” “in accordance . . ” That means finding a better path to wealth for Adaptation must be the developing countries than that combined with trod by the developed countries. mitigation. Both the Bali Action Plan and the UNFCCC call for developed countries to provide “new and additional” funds and technology that would allow the developing countries to do this.
Climate Change and the World Bank Group Phase 1: An Evaluation of World Bank Win-win Energy Policy Reforms (Independent Evaluation Group Studies) by World Bank