Climate Change and the World Bank Group
This study from the Independent Evaluation Group draws lessons for development and climate change mitigation from the World Bank Group's far-reaching portfolio of projects in energy, forestry, transport, coal power, and technology transfer. Reviewing what has worked, what hasn't, and why, the evaluation's key findings include:
Energy efficiency can offer countries direct economic returns that dwarf those of most other development projects, while also reducing greenhouse gas emissions.
Tropical forest protected areas, on average, significantly reduce tropical deforestation, preserving carbon and biodiversity. Deforestation rates are lower in areas that allowed sustainable use by local populations than in strictly protected areas. Deforestation rates were lowest of all in indigenous forest areas.
For renewable energy projects, long-duration loans have been important in making projects financially viable.. But at prevailing carbon prices, carbon offset sales had little impact on most renewable energy projects' rate of returns, and did not address investors' need for up-front capital.
Technology transfer - broadly understood to include diffusion of technical and financial innovations related to low-carbon development - has worked well when the logic of piloting and demonstration is well thought out, and when grants are used to mitigate the risk of pioneering efforts.
- Book Quality:
- Publisher Quality
- Related ISBNs:
- World Bank Publications
- Date of Addition:
- Copyrighted By:
- The International Bank for Reconstruction and Development/The World Bank
- Adult content:
Politics and Government,
Business and Finance,
Outdoors and Nature
- Submitted By:
- Bookshare Staff
- Usage Restrictions:
This is a copyrighted book.