By World Bank
Weather switch threatens to derail improvement, at the same time 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 swap, needs to confront those entangled threats in supporting its consumers to carve out a sustainable development course. This assessment assesses the Bank's event with key win-win regulations within the power zone.
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Weather swap threatens to derail improvement, at the same time 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 swap, needs to confront those entangled threats in supporting its consumers to carve out a sustainable development direction.
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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)
Repeated weather shocks could threaten growth in poor, climate-vulnerable countries and regions. Risks are increasingly becoming unreckonable, which complicates planning for a wide range of endeavors. Because of climate change, the past is no longer a reliable guide to the future. While climate models are improving, and show robust agreement about global trends, they often offer divergent forecasts of future average precipitation at the level of a specific province or river basin. Less predictable still are changes in the local likelihood of droughts, floods, and storms.
C L I M AT E C H A N G E A N D T H E W O R L D B A N K G R O U P Management Action Record Recommendation Management Response The Bank, with ESMAP support, has led in improving Living Standards Measurement Survey (LSMS) instruments for increased collection of energy data as part of LSMS surveys. xxviii At the project level, the Bank should invest in rapid-feedback mon- The Bank will include rapid-feedback and monitoring and impact itoring and impact evaluation of efficiency projects and policies.
It is very clear that effective climate policy in every country of the world would require a combination of mitigation as well as adaptation, most effectively to be conceptualized and implemented by the same organizations and authorities handling both. By not covering adaptation measures in adequate detail and confining the report essentially to mitigation, this dimension has been a loss in terms of the value of what is presented in the report. All in all, this is a useful document, which, I am sure, will not only help the Bank in developing its own climate change portfolio in the coming years but would also be of value to policy makers and analysts in both the developing as well as the developed world.