Publication: Sending a Signal from Paris: Transforming the Economy to Achieve Zero Net Emissions
Loading...
Date
2014-12-08
ISSN
Published
2014-12-08
Author(s)
Editor(s)
Abstract
Jim Yong Kim, President of the World Bank Group, focuses on economic policy as the key to mobilizing a coordinated global response to climate change. He talks about the need to confront climate change, without which there will be no hope of ending poverty or boosting shared prosperity. He adds that the longer the delay in tackling climate change, the higher the cost will be to do the right thing for our planet and our children. He affirms that from the Paris meeting we will make the rallying cry for effective management of local, national and global economies to fight climate change. The Paris agreement needs to speak as loudly of economic transformation as it does of pollution or carbon emissions targets. Carbon pricing that can raise revenues and can be used to generate more economic and social benefits. Specific efforts are needed to scale up renewable energy and develop carbon capture and sequestration technology, at a pace that will allow us to reach carbon neutrality by the end of the century. He concludes by saying that he will drive the World Bank Group and all its capabilities--financial, technical, and human--to support this development transition toward the goal of preserving our planet for all future generations.
Link to Data Set
Citation
“Kim, Jim Yong. 2014. Sending a Signal from Paris: Transforming the Economy to Achieve Zero Net Emissions. Speech at the Council on Foreign Relations, Washington, D.C., December 8, 2014;. © World Bank. http://hdl.handle.net/10986/24311 License: CC BY 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 Assessing Low-Carbon Development in Nigeria : An Analysis of Four Sectors(Washington, DC: World Bank, 2013-01-01)The Federal Government of Nigeria (FGN) and the World Bank have agreed to carry out a Climate Change Assessment (CCA) within the framework of the Bank's Country Partnership Strategy (CPS) for Nigeria (2010-13). The CCA includes an analysis of options for low-carbon development in selected sectors, including power, oil and gas, transport, and agriculture. The goal of the low-carbon analysis is to define likely trends in carbon emissions up to 2035, based on government sector development plans, and to identify opportunities for achieving equivalent development objectives with a reduced carbon footprint. This study comprises the following components: (i) development of a reference scenario of greenhouse gas (GHG) net emissions for the agriculture sector, consistent with vision 20: 2020 and other government plans; (ii) identification of opportunities for reduced net emissions- reduced emissions and or enhanced carbon sequestration- while achieving the same development objectives as in the reference scenario; and (iii) economic assessment of low-carbon options in order to help the Nigerian government to prioritize policy options. The study evaluates costs and benefits in a partial equilibrium setting, with no attempt to capture the indirect, general equilibrium effects of adopting low-carbon technologies or management practices. The results of this analysis (the first of its kind in Nigeria) should be considered as a first approximation of the potential for low-carbon development in the Nigerian agriculture sector. The study aims at providing policy makers with an order-of-magnitude estimate of mitigation potential, and an understanding of the value of dedicating further efforts (including through specific projects) at pursuing low-carbon development in agriculture, but is not meant to inform the design of specific, project-level interventions.Publication Low-Carbon Development : Opportunities for Nigeria(Washington, DC: World Bank, 2013-05-29)The Federal Government of Nigeria (FGN) has formulated an ambitious strategy, known as Vision 20: 2020, which aims to make Nigeria the world s 20th largest economy by 2020. This book argues that there are many ways that Nigeria can achieve the Vision 20: 2020 development objectives for 2020 and beyond, but with up to 32 percent lower carbon emissions. A lower carbon path offers not only the global benefits of reducing contributions to climate change, but also net economic benefits to Nigeria, estimated at about 2 percent of gross domestic product (GDP). The FGN and the World Bank agreed, as part of the Country Partnership Strategy (CPS) 2010-13, to conduct an analysis of the implications of climate change for Nigeria's development agenda. The current volume focuses on low-carbon development. Building on the work under way on Nigeria's nationally appropriate mitigation actions, the authors evaluate opportunities to pursue national development priorities using technologies and interventions that reduce emissions of greenhouse gases (GHGs), referred to here as low-carbon options. The document is structured as follows: chapter one is introduction; chapter two provides essential background on the country and the economic sectors. Chapter three describes the analytical approach, providing a summary of how the scenarios were developed, methods of analysis, models, and the data and general assumptions used. Chapters four-seven present the analysis and results for each sector: agriculture and land use, oil and gas, power, and transport, respectively. Each chapter provides an introduction to the sector and the approach, findings, and recommendations for options and actions for low-carbon development. Chapter eight summarizes the key findings across sectors. It describes the main scenarios that were modeled across all sectors and their implications for GHG emissions and the economy. It provides general recommendations on how Nigeria can reconcile national growth objectives with low-carbon development using a cross-sector perspective.Publication Climate Change and the World Bank Group : Phase II - The Challenge of Low-Carbon Development(Washington, DC: World Bank, 2010)The first volume of Independent Evaluation Group (IEG) series (IEG 2009) examined World Bank experience with the promotion of the most important win-win (no regrets) energy policies, policies that combine domestic gains with global greenhouse gas (GHG) reductions. These included energy pricing reform and policies to promote energy efficiency. This second phase covers the entire World Bank Group (WBG), including the International Finance Corporation (IFC) and the Multilateral Investment Guarantee Agency (MIGA). It assesses of interventions, from technical assistance to financing to regulatory reform. This project-eye view of activities pertains to all the action areas of the Strategic Framework on Development and Climate Change (SFDCC). The third phase will look at the challenge of adaptation to climate change. The WBG's resources, human and financial, are small compared to the task at hand. The International Energy Agency estimates that developing and transition countries need $16 trillion of energy sector investments over 2008-30 under 'business as usual' operations, plus an additional $5 trillion to shift to an ambitiously low-carbon path. Much more is needed for sustainable land and forest management and for urban transport. So a prime focus of this evaluation is how the WBG can get the most leverage, the widest positive impact on both development and climate change mitigation, from its limited resources.Publication Greenhouse Gas Analysis at the World Bank(Washington, DC, 2012-06-21)This report builds on reviews of available methodologies, tools, and practices for greenhouse gas (GHG) analysis, and summarizes the outcomes of pilot studies. It discusses the issues and challenges associated with GHG analysis for energy, transport and forestry projects such as setting project boundaries and accounting for indirect emissions. To do this it draws on existing United Nations Framework Convention on Climate Change (UNFCCC) methodologies, IPCC National GHG Inventories guidelines, the GEF and CDM/JI methodological frameworks, the GHG Protocol Initiative standards, World Bank Environment Department papers, and methodologies used by other international finance institutions. The outcome of fourteen pilots provides a rich and varied set of experiences in terms of approaches taken, and application of tools and methodologies. Assessing GHG emissions from investment operations is becoming common practice for mostmultilateral and bilateral institutions, and the international financial community in general. The existing methodologies and tools could be applicable to a significant majority of the investment lending portfolio in energy, transport, and forestry. The pilot studies served to generate interest from the clients as they were linked to investment lending operations.
Users also downloaded
Showing related downloaded files
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 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 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 Business Ready 2024(Washington, DC: World Bank, 2024-10-03)Business Ready (B-READY) is a new World Bank Group corporate flagship report that evaluates the business and investment climate worldwide. It replaces and improves upon the Doing Business project. B-READY provides a comprehensive data set and description of the factors that strengthen the private sector, not only by advancing the interests of individual firms but also by elevating the interests of workers, consumers, potential new enterprises, and the natural environment. This 2024 report introduces a new analytical framework that benchmarks economies based on three pillars: Regulatory Framework, Public Services, and Operational Efficiency. The analysis centers on 10 topics essential for private sector development that correspond to various stages of the life cycle of a firm. The report also offers insights into three cross-cutting themes that are relevant for modern economies: digital adoption, environmental sustainability, and gender. B-READY draws on a robust data collection process that includes specially tailored expert questionnaires and firm-level surveys. The 2024 report, which covers 50 economies, serves as the first in a series that will expand in geographical coverage and refine its methodology over time, supporting reform advocacy, policy guidance, and further analysis and research.Publication Argentina Country Climate and Development Report(World Bank, Washington, DC, 2022-11)The Argentina Country Climate and Development Report (CCDR) explores opportunities and identifies trade-offs for aligning Argentina’s growth and poverty reduction policies with its commitments on, and its ability to withstand, climate change. It assesses how the country can: reduce its vulnerability to climate shocks through targeted public and private investments and adequation of social protection. The report also shows how Argentina can seize the benefits of a global decarbonization path to sustain a more robust economic growth through further development of Argentina’s potential for renewable energy, energy efficiency actions, the lithium value chain, as well as climate-smart agriculture (and land use) options. Given Argentina’s context, this CCDR focuses on win-win policies and investments, which have large co-benefits or can contribute to raising the country’s growth while helping to adapt the economy, also considering how human capital actions can accompany a just transition.