The World Bank Group (WBG) is making adaptation and resilience a key priority through its new Action Plan that will elevate it to an equal footing with climate mitigation actions. Data and research help us understand these challenges and set priorities, share knowledge of what works, and measure progress. Climate change threatens to drive 100 million more people into poverty in the next 15 years. With 189 member countries, staff from more than 170 countries, and offices in over 130 locations, the World Bank Group is a unique global partnership: five institutions working for sustainable solutions that reduce poverty and build shared prosperity in developing countries. An increasing share of agriculture projects are “climate-smart”: increasing productivity and resilience while reducing greenhouse gas emissions. With transport responsible for a quarter of energy-related greenhouse gas emissions globally, the Bank is supporting clients invest in public transit systems, shifting freight from roads to railways and, where possible, to waterways, which have the lowest emissions per ton kilometer of transport. Find Out. Climate Action Plan 2016-2020. If you continue to navigate this website beyond this page, cookies will be placed on your browser. Bangladesh has developed a low-carbon strategy and business plan for its inland waterway transport sector, with support from the Bank’s NDC Support Facility. We have to be able to do something about it.”. Here are five early takeaways – lessons learned from the Action Plan – that are fundamental to our efforts to help clients address climate change while also helping countries recover sustainably from the pandemic: As a result of the Action Plan, all new Bank projects are screened for climate risk. 8 Ministry of Environment, 2007. MIGA has made climate a priority area of its strategy along with IDA, and FCS and has sought to implement the commitments made in the WBG Climate Change Action Plan. Video prepared by the Haiti Civil Protection Department as part of an extensive public communications campaign during this year’s hurricane season. It backed some of the world’s biggest solar projects, joining the Climate Investment Funds to support the Noor concentrated solar plant in Morocco, one of the few in the world to use this pioneering technology to store solar energy. The Action Plan will increase the World Bank’s level of ambition and commitments on climate change adaptation and resilience. The World Bank’s Climate Change Knowledge Portal is best viewed on desktop screens with a screen resolution of 900 pixels or larger. These systems include “adaptive social protection”, or safety nets that can quickly expand in the event of a major shock, such as a cyclone or drought. “It puts climate-informed development on the table in a systematic manner and helps our clients unlock the opportunities of low-carbon, resilient development.”. We provide a wide array of financial products and technical assistance, and we help countries share and apply innovative knowledge and solutions to the challenges they face. Will you take two minutes to complete a brief survey that will help us to improve our website? With 189 member countries, staff from more than 170 countries, and offices in over 130 locations, the World Bank Group is a unique global partnership: five institutions working for sustainable solutions that reduce poverty and build shared prosperity in developing countries. Discover how the plan will support countries to identify green transport solutions, develop climate-smart agriculture plans, boost coastal and urban resilience, and more. The World Bank Group has fast tracked emergency assistance to 100 developing countries in response and could provide as much as $160 billion into 2021. In the recovery from the pandemic, countries have an opportunity to support the jobs that need to be created for the lower carbon pathways of the future.”. Over the last four years, our projects have been bringing on stream about 1,000 MW of new green, climate-friendly power, through geo-thermal, solar, and hydro—and there is more to come” says Thomas O’Brien, Senior Advisor in the context of the Group’s Next Generation Africa Climate Business Plan. The Action Plan aims to deliver on the Bank Group’s commitment – announced in October 2015 – to increase climate financing to potentially $29 billion annually by 2020, with the support of its members. This target was exceeded each year for the last three consecutive years. with the tools and resources necessary to improve development action on climate change and health. “It’s critical to start understanding climate as an opportunity,” says IFC Director of Climate Business Alzbeta Klein. Climate change will hit hard a region already experiencing multiple vulnerabilities Source: World Bank 2014, Turn Down the Heat: Confronting the New Climate Normal 1 Mean warming will be higher than global average With longer, deeper and more frequent droughts The Climate and Disaster Risk Screening Tools were developed by the World Bank Group’s Climate Change Vice-Presidency Unit. In the past six years, MIGA has doubled the size of its climate portfolio. National Action Plan Addressing Climate Change. 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