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Remarks at the Venice Climate Conference

2021-07-11, Malpass, David

World Bank Group President David Malpass spoke about the Coronavirus (COVID-19) pandemic and the devastating economic losses. The World Bank Group is providing maximum support to developing economies to respond to the crisis, and working to help them recover in ways that will be sustainable, greener and more prosperous. The Bank Group financing is aligning with the Paris Agreement goals. The Group will help client countries in their efforts to develop and implement their Nationally Determined Contributions and Long-Term Strategies. The Group is enhancing core analytical products such as the recently launched Country Climate and Development Reports and a facility on climate-informed Public Expenditure Reviews. He expressed the need for diagnostics, and a data-driven approach to help prioritize action. There is also need for a parallel effort to protect our natural capital and biodiversity, so that solutions work for people and the planet. IFC and MIGA that are mobilizing private sector financing and helping companies lower their emissions.

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Remarks at the Climate Ambition Summit 2020

2020-12-12, Malpass, David

World Bank Group President David Malpass spoke about the Climate change, poverty, and inequality–defining issues of our age. The global poor often suffer the most from climate events, including flooding, droughts and food insecurity. The World Bank Group is the biggest multilateral funder of climate investments in developing countries. Over the next five years, the Bank intends to go further, targeting thirty-five percent climate co-benefits on average across the World Bank Group. For IBRD and IDA, fifty percent of this climate finance will support adaptation and resilience. The Bank will support the Paris accord alignment by helping developing countries to achieve their NDCs, end their reliance on coal, and transition to lower-carbon, climate-resilient economies. He discussed the Coronavirus (COVID-19) response, targeting investment and policy financing that will help support a green, inclusive and resilient recovery. We cannot succeed in helping countries reduce poverty without rising to the challenges of climate change.

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Remarks at the Leaders’ Summit on Climate

2021-04-22, Malpass, David

David Malpass, President of the World Bank, discussed the core plan of the World Bank’s climate change action plan. The World Bank Group has reached its highest-ever levels of climate finance in the past two years. The Bank plan commits to big increases in spending, focused on results, plus active private sector mobilization through International Finance Corporation (IFC) and Multilateral Investment Guarantee Agency (MIGA), the private sector focused entities. Also, the Bank is aligning the financing flows with the Paris Agreement. The Bank goal is to provide support, and take prompt action, in ways that create the most positive impact toward green, resilient, and inclusive development.

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World Bank Reference Guide to Climate Change Framework Legislation

2020-12, World Bank

Climate change is a grave threat to global development and shared prosperity. Its impacts are expected to intensify even as the world responds to the Coronavirus (COVID-19) crisis. The poor and most vulnerable will be the worst affected. Climate change poses particularly difficult challenges for policy makers. It demands action across all sectors of the economy and across all of society. Action to address climate change requires coordination among multiple governmental and nongovernmental stakeholders. The extended time frame over which climate change unfolds requires a capability to plan, implement, and sustain a credible commitment to increasingly ambitious policies over multiple political cycles. To address these challenges, countries need effective institutions. National framework legislation on climate change can help put these institutions in place. It can enshrine stable and ambitious targets, create mechanisms for realizing these targets, and ensure proper oversight and accountability. The authors hope the twelve key principles for framework legislation laid out in this guide will contribute to building back better by helping countries to lay a solid foundation for climate-smart development that creates new jobs and markets, boosts economic growth, and provides a safer, cleaner environment for all.

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Climate Change Institutional Assessment

2021-04-14, World Bank

Climate change poses particularly difficult challenges for public sector institutions. Climate change impacts all sectors of the economy and society. Action to address climate change requires coordination among multiple government and nongovernment actors. The extended time frame over which climate change unfolds requires a capability to plan, implement, and sustain a credible commitment to increasingly ambitious policies over multiple political cycles. There will be winners and losers. Policies may be contested. The Climate Change Institutional Assessment (CCIA) identifies the strengths and weaknesses of the institutional framework for addressing these climate change governance challenges. The audience for the assessment is officials of center-of-government agencies responsible for policy, planning, and finance, agencies with leading roles in climate change policy, and inter-ministerial climate change bodies.