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The Big Push for Transformation through Climate and Development: Recommendations of the High-Level Advisory Group on Sustainable and Inclusive Recovery and Growth

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dc.contributor.authorWorld Bank Group
dc.contributor.authorInternational Monetary Fund
dc.contributor.authorLondon School of Economics and Political Science
dc.contributor.authorBrookings Institution
dc.date.accessioned2023-02-28T20:48:23Z
dc.date.accessioned2023-03-06T16:40:00Z
dc.date.available2023-02-28T20:48:23Z
dc.date.available2023-03-06T16:40:00Z
dc.date.issued2023-02
dc.description.abstractThis report makes the case for a big investment push for EMDEs’ sustainable recovery and development, assesses the magnitude and composition of such investment, presents actions needed for an energy transition, looks at the role that innovations and state capacity can play in facilitating GRID, and proposes actions that governments, the private sector, MDBs, the IMF, and donors can undertake to mobilize financing at the large scale needed. The report summarizes the insights derived from the meetings of the High-Level Advisory Group (HLAG) on Sustainable and Inclusive Recovery and Growth, jointly led by Mari Pangestu, Ceyla Pazarbasioglu, and Nicholas Stern, and composed of experts from research institutions, the private sector, and governments, as well as senior World Bank Group and IMF staff members. The work of the HLAG, and thus this report, focuses on EMDEs and delves in greater depth into climate investment and financing, particularly for energy transition, as it is a less researched area. While doing so, it recognizes that policy and investment decisions in high-income countries, which accounted for only 16 percent of the global population in 2019 and yet for 32 percent of total greenhouse gas emissions (World Bank 2023a, 2023b), will be critical to whether the Paris Agreement goals can be reached. It also recognizes that these countries must play a key role in contributing financially to EMDEs’ transition to low-carbon economies.en
dc.identifier.doi10.1596/39478
dc.identifier.urihttps://hdl.handle.net/10986/39478
dc.language.isoen_US
dc.publisherWashington, DC: World Bank
dc.rightsCC BY-NC 3.0 IGO
dc.rights.holderWorld Bank Group
dc.rights.urihttps://creativecommons.org/licenses/by-nc/3.0/igo/
dc.subjectCLIMATE DEVELOPMENT
dc.subjectTRANSFORMATION
dc.subjectSUSTAINABILITY
dc.subjectINCLUSIVE RECOVERY
dc.subjectFISCAL SPACE
dc.subjectENERGY TRANSITION
dc.subjectEMDEs
dc.titleThe Big Push for Transformation through Climate and Developmenten
dc.title.subtitleRecommendations of the High-Level Advisory Group on Sustainable and Inclusive Recovery and Growthen
dc.typeReporten
dc.typeRapportfr
dc.typeInformees
dspace.entity.typePublication
okr.crossref.titleThe Big Push for Transformation through Climate and Development: Recommendations of the High-Level Advisory Group on Sustainable and Inclusive Recovery and Growth
okr.date.disclosure2023-02-28
okr.date.doiregistration2025-05-07T11:20:43.062140Z
okr.doctypeEconomic & Sector Work::Other ESW Reports
okr.docurlhttps://documents.worldbank.org/en/publication/documents-reports/documentdetail/099044302282316833/idu093b91e2c077bb04e9d0aaf4000a68c9765f6
okr.identifier.report180466
okr.language.supporteden
okr.region.geographicalWorld
okr.topicEnvironment::Adaptation to Climate Change
okr.topicMacroeconomics and Economic Growth::Climate Change Economics
okr.topicPublic Sector Development::Climate Change Policy and Regulation
okr.topicMacroeconomics and Economic Growth::Economic Growth
okr.topicFinance and Financial Sector Development::Finance and Development
okr.unitHLAG
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