Climate Change and the World Bank Group Phase 1: An by World Bank

By World Bank

Weather switch threatens to derail improvement, whilst 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 assisting its consumers to carve out a sustainable development direction. This review assesses the Bank's event with key win-win guidelines within the power quarter.

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Additional info for Climate Change and the World Bank Group Phase 1: An Evaluation of World Bank Win-win Energy Policy Reforms (Independent Evaluation Group Studies)

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So this, too, is a focus of the climate evaluation series, though not of the current volume. Emissions from deforestation in the developing world are significant. Reduction of deforestation, in theory, could be accomplished at low cost and would offer numerous local side benefits (Chomitz and others 2007). The World Bank has been a supporter of forest conservation and sustainable use; lessons from that experience are relevant to plans to use carbon finance to support reduced emissions from deforestation and degradation (REDD).

The Bank could play a useful role in sharing best practices and distilling lessons of experience, particularly on energy taxes and subsidies and on pricing policies for renewable energy to help countries institute socially and environmentally sustainable pricing. The general sentiment was for greater emphasis than hitherto on energy pricing policy, and energy efficiency in a broad sense. In this regard, the issues of external institutional incentives and internal incentives resonated with several attendees who recommended that management pay greater attention to this matter, including one suggestion to consider organizational changes (noting parenthetically that this issue’s relevance goes well beyond the energy sector).

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.

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