1 / 7

Financing Climate Change Mitigation & Adaptation: The World Bank Perspective (98 characters)

Explore the World Bank's approach to financing climate change projects, including priority areas, innovative mechanisms, and collaboration with IFIs. (271 characters)

jbirk
Download Presentation

Financing Climate Change Mitigation & Adaptation: The World Bank Perspective (98 characters)

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Financing of Climate Change Mitigation and AdaptationThe World Bank PerspectiveECOSOC-BWI MeetingUnited NationsApril 14, 2008

  2. Bank Work on Climate Change is about development in the context of climate change • Priority of growth, poverty reduction and MDGs • Importance of meeting energy needs of developing countries • Development imperative of helping to adapt to climate risks • Resource mobilization in addition to the current ODA levels

  3. Framework for Action • Make effective climate action – both adaptation and mitigation - part of core development efforts • Address the resource gap through existing and innovative instruments for concessional finance • Facilitate the development of innovative market mechanisms; • Create enabling environment for private sector finance; • Accelerate the deployment of existing and development of new climate-friendly technologies; • Step-up policy research, knowledge management and capacity building

  4. World Bank Lending - Portfolio FY07 Much of WB lending is in sectors with largest potential for adaptation and /or mitigation, creating numerous opportunities to make a difference

  5. Clean Investment Funds • It is proposed that the portfolio of funds/programs initially include: • The Clean Technology Trust Fund to help countries undertake transformative projects to reduce carbon emissions • The Strategic Climate Fund (including the Pilot Program for Climate Resilience) is an umbrella program to study and pilot activities on the ground to learn best how to build climate resilience into development

  6. Common Features of the CIFs • Incentives for Scaled-up action and transformational change • Promote cooperation and support towards a post 2012 agreement • Provide experience and lessons • Utilize skills and capabilities of IFIs • Support investments based on country-led strategies • Maximize co-benefits, and • Be flexible and efficient

  7. Thank you

More Related