Publication: The Changing Wealth of Nations: Valuation of Hydroelectric Assets in the Context of the Changing Wealth of Nations 2024
Loading...
Published
2024-10-29
ISSN
Date
2024-10-29
Author(s)
Editor(s)
Abstract
The absence of hydroelectric assets (along with solar, wind, and other renewable energy assets) from the Changing Wealth of Nations (CWON) natural capital accounts in the past was a concern. Since fossil fuel assets have always been included in CWON, there was an imbalance in its treatment of non-renewable and renewable energy assets. Given the climate-related consequences of fossil fuel use, this imbalance risked sending distorted signals to users of the CWON database regarding the relative economic importance of carbon-intensive, non-renewable energy sources versus less climate damaging renewable sources like hydro. This imbalance is now rectified by treating renewable energy assets, beginning with hydroelectric assets here in CWON 2024, the same as fossil fuels. This report presents the methods and data sources used to value hydroelectric assets in CWON 2024 in their full detail, beginning with the rationale for valuing these resources in CWON.
Link to Data Set
Citation
“World Bank. 2024. The Changing Wealth of Nations: Valuation of Hydroelectric Assets in the Context of the Changing Wealth of Nations 2024. © World Bank. http://hdl.handle.net/10986/42321 License: CC BY-NC 3.0 IGO.”
Associated URLs
Associated content
Other publications in this report series
Journal
Journal Volume
Journal Issue
Collections
Related items
Showing items related by metadata.
Publication Joint MDB Report to the G8 on the Implementation of the Clean Energy Investment Framework and Their Climate Change Agenda Going Forward(World Bank, Washington, DC, 2008-06)The 2005 Gleneagles G8 summit in July 2005 stimulated a concerted effort of the Multilateral Development Banks (MDBs) to broaden and accelerate programs on access to energy and climate change mitigation and adaptation through the Clean Energy Investment Framework (CEIF). At the Gleneagles summit, it was agreed that a report on the implementation of the CEIF would be prepared for the 2008 G8 (Group of Eight: Canada, France, Germany, Italy, Japan, Russia, the United Kingdom, and the United States) summit hosted by Japan. This joint report of the MDBs to the G8 summit in Hokkaido is intended to provide information on the outcomes and lessons learned under the CEIF, describe the collective MDB objectives for addressing the energy access and climate change challenges, and outline how the MDBs plan to build on the CEIF experience to date to more fully achieve these objectives. The report builds upon the 'the MDBs and the climate change agenda' report that was presented at the December 2007 Bali climate change conference. This report describes actions taken by each MDB to develop climate change strategies and programs of actions tailored to their particular client needs, based on resources and funding mechanisms currently available. Under the CEIF, the MDBs have strengthened collaboration on analytical work and programming and committed to expand this collaboration to optimize the impact of their collective actions. In addition to reporting on the status of the CEIF, this report outlines the collective ambition of the MDBs with respect to assisting the developing countries in meeting the climate change challenge, summarizes their evolving strategies designed to meet these objectives and the mechanisms through which they intend to achieve the necessary collaboration to optimize the collective impact of their climate change interventions.Publication The World Bank's GEF Program in the Middle East and North Africa Region : Global Environmental Benefits Contributing to National Development Goals(World Bank, Washington, DC, 2014-01)The report focuses on the two decades of the World Bank - Global Environment Facility (GEF) partnership with the Middle East and North Africa (MENA) countries. This partnership has had a global environmental impact by working both at the local and national level and engaging all relevant partners and stakeholders. In addition, many GEF financed operations stand as examples of what a more holistic approach can achieve in terms of innovation and catalyzing greater investment. These operations have also delivered important social benefits such as job creation, enhanced economic and social inclusion, and strengthened governance capabilities. Presently the region s most pressing environmental challenges stem from rapid urbanization and its resulting infrastructure needs, industrial pollution, overexploitation of scarce water resources, the unsustainable management of fragile ecosystem resources and vulnerability to climate variability and climate change. Decision makers working to address these problems also face many tightly linked and urgent social issues. These issues include meeting the aspirations of a quickly growing urban youth population; giving voice to gender and women s issues; finding ways to spur job growth; and reversing the poor provision of basic services. This publication also points to opportunities for further World Bank - GEF cooperation in support of green growth.Publication Algeria : National Environmental Action Plan for Sustainable Development(Washington, DC, 2002-06-28)This staff sector assessment note accompanies the recently completed national environmental action plan for sustainable development (NEAP-SD), which, as an output of the Industrial Pollution Control Project in Algeria, focused on charting a new course for environmental management in the country, based on an objective assessment of past policy, and institutional failures, on a new consensus on the need for mainstreaming the environment into economic management, and sectoral policies, and, on the implementation of a priority action plan, fully integrated with the government three-year economic revival program. The social cost of environmental degradation is already quite significant, and will continue to increase if policies, institutional, and investment measures are not provided. The NEAP-SD serves as a vehicle for building bridges with non-governmental organizations, and donors, and enhance the prospects for improved coordination, as well as helping inform the ongoing process of Country Assistance Strategy (CAS). Recommendations suggest the use of high impact strategic lending, with contributions supporting water and wastewater, urban, and rural development, including natural resource management, incorporating environmental objectives, but focused on fundamental challenges that address public sector efficiency and governance, private sector development, and water management, through partnerships focused on flexible responsiveness, in an approach to integrate the environment into the Bank's instruments, building capacity, and strengthening environmental, and institutional assistance.Publication Adapting to Climate Change in Europe and Central Asia : Lessons from Recent Experiences and Suggested Future Directions(Washington, DC, 2012-06-28)Like other regions, Eastern Europe and Central Asia is vulnerable to climate change and its potential socioeconomic impacts. While all countries are facing warmer temperatures, a changing hydrology, and more extreme events (for example, floods and droughts) and are concerned about the level of greenhouse gases in the atmosphere, they differ in their financial and institutional capacities to respond. Therefore, especially for the most vulnerable countries in the region (for example, those in Central Asia and southern Europe), adapting to climate risk adds a new dimension to the challenges of development, but also provides an opportunity to revisit priorities and accelerate reforms. The Europe and Central Asia (ECA) Region of the World Bank has been actively working on climate-related projects and has advanced a number of initiatives in response to climate change since the 1990s. Nevertheless, up until a few years ago the region's focus was mainly on emissions reduction (mitigation), rather than on helping countries respond to existing or expected impacts from climate change through adjustments in natural or human systems. But more recently, adding focus on climate adaptation had led ECA to initiate a program of analytical work and pilot investment projects to help develop the information and knowledge base necessary to help build staff skills as well as better respond to client needs.Publication Uzbekistan : Overview of Climate Change Activities(Washington, DC, 2013-10)This overview of climate change activities in Uzbekistan is part of a series of country notes for five Central Asian countries that summarize climate portfolio in a number of sectors, namely agriculture, forestry and natural resources, water, health, energy, and transport. The note further provides a brief overview of Uzbekistan's climate context in terms of observed impacts and historical trends as well as climate projections specific to sectors that are considered to be essential to the country's economic development. Finally, the note assesses national policy and institutional context related to climate change as well as suggests potential ways forward that could help Uzbekistan mainstream climate considerations into development activities and planning and create public demand for climate actions.
Users also downloaded
Showing related downloaded files
Publication Classroom Assessment to Support Foundational Literacy(Washington, DC: World Bank, 2025-03-21)This document focuses primarily on how classroom assessment activities can measure students’ literacy skills as they progress along a learning trajectory towards reading fluently and with comprehension by the end of primary school grades. The document addresses considerations regarding the design and implementation of early grade reading classroom assessment, provides examples of assessment activities from a variety of countries and contexts, and discusses the importance of incorporating classroom assessment practices into teacher training and professional development opportunities for teachers. The structure of the document is as follows. The first section presents definitions and addresses basic questions on classroom assessment. Section 2 covers the intersection between assessment and early grade reading by discussing how learning assessment can measure early grade reading skills following the reading learning trajectory. Section 3 compares some of the most common early grade literacy assessment tools with respect to the early grade reading skills and developmental phases. Section 4 of the document addresses teacher training considerations in developing, scoring, and using early grade reading assessment. Additional issues in assessing reading skills in the classroom and using assessment results to improve teaching and learning are reviewed in section 5. Throughout the document, country cases are presented to demonstrate how assessment activities can be implemented in the classroom in different contexts.Publication Digital Africa(Washington, DC: World Bank, 2023-03-13)All African countries need better and more jobs for their growing populations. "Digital Africa: Technological Transformation for Jobs" shows that broader use of productivity-enhancing, digital technologies by enterprises and households is imperative to generate such jobs, including for lower-skilled people. At the same time, it can support not only countries’ short-term objective of postpandemic economic recovery but also their vision of economic transformation with more inclusive growth. These outcomes are not automatic, however. Mobile internet availability has increased throughout the continent in recent years, but Africa’s uptake gap is the highest in the world. Areas with at least 3G mobile internet service now cover 84 percent of Africa’s population, but only 22 percent uses such services. And the average African business lags in the use of smartphones and computers as well as more sophisticated digital technologies that catalyze further productivity gains. Two issues explain the usage gap: affordability of these new technologies and willingness to use them. For the 40 percent of Africans below the extreme poverty line, mobile data plans alone would cost one-third of their incomes—in addition to the price of access devices, apps, and electricity. Data plans for small- and medium-size businesses are also more expensive than in other regions. Moreover, shortcomings in the quality of internet services—and in the supply of attractive, skills-appropriate apps that promote entrepreneurship and raise earnings—dampen people’s willingness to use them. For those countries already using these technologies, the development payoffs are significant. New empirical studies for this report add to the rapidly growing evidence that mobile internet availability directly raises enterprise productivity, increases jobs, and reduces poverty throughout Africa. To realize these and other benefits more widely, Africa’s countries must implement complementary and mutually reinforcing policies to strengthen both consumers’ ability to pay and willingness to use digital technologies. These interventions must prioritize productive use to generate large numbers of inclusive jobs in a region poised to benefit from a massive, youthful workforce—one projected to become the world’s largest by the end of this century.Publication World Development Report 2006(Washington, DC, 2005)This year’s Word Development Report (WDR), the twenty-eighth, looks at the role of equity in the development process. It defines equity in terms of two basic principles. The first is equal opportunities: that a person’s chances in life should be determined by his or her talents and efforts, rather than by pre-determined circumstances such as race, gender, social or family background. The second principle is the avoidance of extreme deprivation in outcomes, particularly in health, education and consumption levels. This principle thus includes the objective of poverty reduction. The report’s main message is that, in the long run, the pursuit of equity and the pursuit of economic prosperity are complementary. In addition to detailed chapters exploring these and related issues, the Report contains selected data from the World Development Indicators 2005‹an appendix of economic and social data for over 200 countries. This Report offers practical insights for policymakers, executives, scholars, and all those with an interest in economic development.Publication World Development Report 2011(World Bank, 2011)The 2011 World development report looks across disciplines and experiences drawn from around the world to offer some ideas and practical recommendations on how to move beyond conflict and fragility and secure development. The key messages are important for all countries-low, middle, and high income-as well as for regional and global institutions: first, institutional legitimacy is the key to stability. When state institutions do not adequately protect citizens, guard against corruption, or provide access to justice; when markets do not provide job opportunities; or when communities have lost social cohesion-the likelihood of violent conflict increases. Second, investing in citizen security, justice, and jobs is essential to reducing violence. But there are major structural gaps in our collective capabilities to support these areas. Third, confronting this challenge effectively means that institutions need to change. International agencies and partners from other countries must adapt procedures so they can respond with agility and speed, a longer-term perspective, and greater staying power. Fourth, need to adopt a layered approach. Some problems can be addressed at the country level, but others need to be addressed at a regional level, such as developing markets that integrate insecure areas and pooling resources for building capacity Fifth, in adopting these approaches, need to be aware that the global landscape is changing. Regional institutions and middle income countries are playing a larger role. This means should pay more attention to south-south and south-north exchanges, and to the recent transition experiences of middle income countries.Publication Doing Business 2014 : Understanding Regulations for Small and Medium-Size Enterprises(Washington, DC: World Bank Group, 2013-10-28)Eleventh in a series of annual reports comparing business regulation in 185 economies, Doing Business 2014 measures regulations affecting 11 areas of everyday business activity: Starting a business, Dealing with construction permits, Getting electricity, Registering property, Getting credit, Protecting investors, Paying taxes, Trading across borders, Enforcing contracts, Closing a business, Employing workers. The report updates all indicators as of June 1, 2013, ranks economies on their overall “ease of doing business”, and analyzes reforms to business regulation – identifying which economies are strengthening their business environment the most. The Doing Business reports illustrate how reforms in business regulations are being used to analyze economic outcomes for domestic entrepreneurs and for the wider economy. Doing Business is a flagship product by the World Bank and IFC that garners worldwide attention on regulatory barriers to entrepreneurship. More than 60 economies use the Doing Business indicators to shape reform agendas and monitor improvements on the ground. In addition, the Doing Business data has generated over 870 articles in peer-reviewed academic journals since its inception.