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Climate Change and the World Bank Group : Phase II - The Challenge of Low-Carbon Development

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  • Independent Evaluation Group
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    Abstract

    The first volume of Independent Evaluation Group (IEG) series (IEG 2009) examined World Bank experience with the promotion of the most important win-win (no regrets) energy policies, policies that combine domestic gains with global greenhouse gas (GHG) reductions. These included energy pricing reform and policies to promote energy efficiency. This second phase covers the entire World Bank Group (WBG), including the International Finance Corporation (IFC) and the Multilateral Investment Guarantee Agency (MIGA). It assesses of interventions, from technical assistance to financing to regulatory reform. This project-eye view of activities pertains to all the action areas of the Strategic Framework on Development and Climate Change (SFDCC). The third phase will look at the challenge of adaptation to climate change. The WBG's resources, human and financial, are small compared to the task at hand. The International Energy Agency estimates that developing and transition countries need $16 trillion of energy sector investments over 2008-30 under 'business as usual' operations, plus an additional $5 trillion to shift to an ambitiously low-carbon path. Much more is needed for sustainable land and forest management and for urban transport. So a prime focus of this evaluation is how the WBG can get the most leverage, the widest positive impact on both development and climate change mitigation, from its limited resources.

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    File URL: https://openknowledge.worldbank.org/bitstream/handle/10986/2548/594600PUB0ID1810Box358282B01PUBLIC1.pdf?sequence=1
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    Bibliographic Info

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    This book is provided by The World Bank in its series World Bank Publications with number 2548 and published in 2010.

    ISBN: 978-0-8213-8653-8
    Handle: RePEc:wbk:wbpubs:2548

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    Postal: 1818 H Street, N.W., Washington, DC 20433
    Phone: (202) 477-1234
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    Web page: https://openknowledge.worldbank.org
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    Related research

    Keywords: Environment - Climate Change Mitigation and Green House Gases Macroeconomics and Economic Growth - Climate Change Economics Energy - Energy and Environment Energy - Energy Production and Transportation Environment - Environmental Economics & Policies;

    References

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    Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
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    1. Robert P. Taylor & Chandrasekar Govindarajalu & Jeremy Levin & Anke S. Meyer & William A. Ward, 2008. "Financing Energy Efficiency : Lessons from Brazil, China, India, and Beyond," World Bank Publications, The World Bank, number 6349, October.
    2. Independent Evaluation Group, 2010. "Cost-Benefit Analysis in World Bank Projects," World Bank Publications, The World Bank, number 2561, October.
    3. Neij, Lena, 2008. "Cost development of future technologies for power generation--A study based on experience curves and complementary bottom-up assessments," Energy Policy, Elsevier, vol. 36(6), pages 2200-2211, June.
    4. Lewis, Joanna I., 2010. "The evolving role of carbon finance in promoting renewable energy development in China," Energy Policy, Elsevier, vol. 38(6), pages 2875-2886, June.
    5. Shalizi, Zmarak & Lecocq, Franck, 2009. "Climate change and the economics of targeted mitigation in sectors with long-lived capital stock," Policy Research Working Paper Series 5063, The World Bank.
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