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World Bank and Adaptation Tools & Finances Ian Noble

World Bank and Adaptation Tools & Finances Ian Noble. From Rhetoric to Action on Adaptation. Two observations. Investments in Developing Countries. For every $1M in investment GEF has $60 for adaptation. Analysis of WB portfolio. World Bank approves over 400 projects per year

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World Bank and Adaptation Tools & Finances Ian Noble

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  1. World Bank and Adaptation Tools & FinancesIan Noble From Rhetoric to Action on Adaptation

  2. Two observations

  3. Investments in Developing Countries • For every $1M in investment GEF has $60 for adaptation

  4. Analysis of WB portfolio • World Bank approves over 400 projects per year • Leading to $21B per year in loans and grants • 40% of these project include climate sensitive components • $4B of portfolio is at risk • Only 2% of project design documents explicitly mention climate variability or change

  5. Approach to Adaptation in the World Bank • Attempt to influence the design of projects and thus the flow of Bank lending and granting • We will prioritise areas of initial action according to criteria that include • Immediacy of threat • Numbers of people at risk • Capacity to achieve effective adaptation • Continue to learn from specific pilots

  6. Approach to Adaptation in WB • Raise awareness within Bank of the risk posed to our portfolio • Using carrot rather than a stick approach • Focus on PSRPs and CASs (and CEAs) – i.e. the project planning tools

  7. Approach to Adaptation in WB • Provide tools so that project designers and managers (Bank & partner country) can address climate variability and change issues • Do this cooperatively with other institutions • Current emphasis • First level, qualitative screening tool to identify risks • Agriculture & water sector quantitative tools for assessing impacts of actions / in-action

  8. Help about the question and about each option Ability to change ones mind

  9. Testing the model Integrated Tool for cropping systems and irrigation

  10. Approach to Adaptation in WB • Seek novel approaches to funding adaptation • If CC reduces growth in Developing Countries by 0.5% per year the approximate cost is $70B per year • Global tax on ???? • Seek novel uses of the funds • Right now move more funds to capacity maintenance rather than capacity re-building

  11. Adaptation in the Bank • Climate change is already a threat to development • A climate risk management approach(tackle current climate variability and climate change) • Learn through research & engagement in ongoing projects • Develop good practice guidance and tools for project designers • Maintain capacity in Bank & countries • Goal to treat climate volatility as an essential part of development planning

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