Creating an Enabling Environment for Private Sector Climate Action: An Evaluation of World Bank Group Support, Fiscal Years 2013–22

doi:10.1596/IEG184278

Publication:
Creating an Enabling Environment for Private Sector Climate Action: An Evaluation of World Bank Group Support, Fiscal Years 2013–22

dc.contributor.author	World Bank
dc.date.accessioned	2023-09-26T14:59:45Z
dc.date.available	2023-09-26T14:59:45Z
dc.date.issued	2023-09-26
dc.description.abstract	The private sector has a critical role to play in addressing climate change by investing in low-carbon technologies, developing new technologies, and building climate resilience into its investments and operations. Private sector financing will also be critical for meeting the needs for global finance flows, but climate finance from the private sector has been very low. One reason for this is that most countries lack a conducive enabling environment for the private sector to engage in climate action. This evaluation assesses the World Bank Group’s efforts to improve the enabling environment for private sector climate action (EEPSCA). The evaluation defines the private sector enabling environment for climate action as the set of policies (laws and regulations), incentives, standards, information, and institutions that encourage or facilitate the private sector to invest or behave in ways that reduce greenhouse gas emissions or adapt to the current or anticipated impacts of climate change. The private sector includes large, medium, and small firms; domestic and international financiers; and smallholder farmers or other producers. The evaluation assesses the relevance and effectiveness of Bank Group support to EEPSCA and aims to identify lessons applicable to the World Bank and the International Finance Corporation to inform implementation of the Bank Group Climate Change Action Plan 2021 and subsequent Bank Group climate activities. The evaluation also aims to inform discussions on the evolution road map, which considers further increasing the prominence of the role the Bank Group plays on global public goods, such as climate change.	en
dc.identifier	http://documents.worldbank.org/curated/en/099553509062329031/SECBOS02837b0e0ed0ad7608b9f1d682ab0
dc.identifier.doi	10.1596/IEG184278
dc.identifier.uri	https://openknowledge.worldbank.org/handle/10986/40396
dc.language	English
dc.language.iso	en
dc.publisher	World Bank, Washington, DC
dc.rights	CC BY-NC 3.0 IGO
dc.rights.holder	World Bank
dc.rights.uri	https://creativecommons.org/licenses/by-nc/3.0/igo
dc.subject	PRIVATE SECTOR CLIMATE ACTION
dc.subject	CLIMATE ACTION ENGAGEMENT
dc.subject	WORLD BANK GROUP EFFECTIVENESS
dc.subject	RENEWABLE ENERGY
dc.subject	COUNTRY CLIMATE ANALYTICAL WORK
dc.subject	CLIMATE RESILIENT INVESTMENT
dc.subject	CLIMATE FINANCE
dc.title	Creating an Enabling Environment for Private Sector Climate Action	en
dc.title.subtitle	An Evaluation of World Bank Group Support, Fiscal Years 2013–22	en
dc.type	Report
dspace.entity.type	Publication
okr.crossref.title	Creating an Enabling Environment for Private Sector Climate Action: An Evaluation of World Bank Group Support, Fiscal Years 2013–22
okr.date.disclosure	2023-09-06
okr.date.lastmodified	2023-09-19T00:00:00Z	en
okr.doctype	IEG Evaluation
okr.doctype	Publications & Research
okr.docurl	http://documents.worldbank.org/curated/en/099553509062329031/SECBOS02837b0e0ed0ad7608b9f1d682ab0
okr.guid	099553509062329031
okr.identifier.docmid	SECBOS-2837b0ef-43ad-4fed-ad76-8b9f1d682ab0
okr.identifier.doi	10.1596/IEG184278
okr.identifier.doi	http://dx.doi.org/10.1596/IEG184278
okr.identifier.externaldocumentum	34156958
okr.identifier.internaldocumentum	34156958
okr.identifier.report	184278
okr.import.id	1858
okr.imported	true	en
okr.language.supported	en
okr.pdfurl	http://documents.worldbank.org/curated/en/099553509062329031/pdf/SECBOS02837b0e0ed0ad7608b9f1d682ab0.pdf	en
okr.topic	Macroeconomics and Economic Growth::Climate Change Economics
okr.topic	Environment::Adaptation to Climate Change
okr.topic	Environment::Climate Change Mitigation and Green House Gases
okr.topic	Poverty Reduction::Poverty Impact Evaluation
okr.unit	IEG
okr.unit	Fin
okr.unit	PS
okr.unit	Infra & SD Eval Un (IEGFS)