Publication: Opportunities for Climate Finance in the Livestock Sector: Removing Obstacles and Realizing Potential
Loading...
Published
2021-04-26
ISSN
Date
2021-04-26
Author(s)
Editor(s)
Abstract
Important mitigation outcomes and other co-benefits could be at reach if rural communities and policy makers in low- and middle-income economies overcame the obstacle of access to finance in the livestock sector. The traditional sources of financing have long been difficult to access for livestock smallholders who often do not hold collateral except for their animals and have little experience of working with financial institutions. Traditional lenders see the livestock sector as overly risky, with little potential for significant profits, leaving them largely uninterested. Expanding financial inclusion would improve livelihoods, increase resilience, and help reduce GHG emissions. Innovative approaches to financing for the livestock sector are needed. In a sector that plays an essential economic role for some 60% of rural households, including 1.7 billion people and contributes up to half of agricultural GDP, reducing carbon emissions while maintaining livelihoods and reducing poverty is essential. This report identifies investment opportunities for increasing climate finance in the sector and drive its sustainable transformation.
Link to Data Set
Citation
“World Bank. 2021. Opportunities for Climate Finance in the Livestock Sector: Removing Obstacles and Realizing Potential. © World Bank. http://hdl.handle.net/10986/35495 License: CC BY 3.0 IGO.”
Digital Object Identifier
Associated URLs
Associated content
Other publications in this report series
Journal
Journal Volume
Journal Issue
Collections
Related items
Showing items related by metadata.
Publication Minding the Stock : Bringing Public Policy to Bear on Livestock Sector Development(World Bank, 2009-01-01)Driven by population growth, urbanization, and increased income, the demand for animal-source food products in developing countries is rapidly increasing. Livestock, which already constitutes 30 percent of the agricultural Gross Domestic Product (GDP) in the developing world, and about 40 percent of the global agricultural GDP, is one of the fastest-growing subsectors in agriculture. Growing demand presents real opportunities for economic growth and poverty reduction in rural areas. It could directly benefit the one billion poor people who depend on livestock as a source of income and subsistence. Livestock also provides traction for about 50 percent of the world's farmers and is a source of organic fertilizer for most of the world's croplands, converting waste products into inputs in the production of high-value food. For these reasons, the sector has a critical role to play in making agriculture sustainable, in reducing poverty, and in contributing to economic growth. This report presents an analysis of the issues related to market failures in the livestock sector, and an examination of policy and investment options that can be used to overcome them. Its principal intended audience includes policy makers and development practitioners. Much of the analysis will focus on identifying the needs of the public sector as it sets out to redress the imbalance between public and private investment and to begin establishing an enabling environment in which private sector livestock development can take place in a way that is consistent with public health, poverty reduction, and environmental sustainability. While the report focuses on developing countries, much of its treatment pertains to industrialized countries as well, particularly with respect to issues of crosscutting global significance, such as greenhouse gas emissions and emerging highly infectious diseases.Publication Investing in the Livestock Sector : Why Good Numbers Matter, A Sourcebook for Decision Makers on How to Improve Livestock Data(World Bank, Washington, DC, 2014)This sourcebook summarizes the outputs and lessons of the Livestock in Africa: improving data for better policies project. It aims to present the challenges facing professionals collecting and analyzing livestock data and statistics and possible solutions. While the Sourcebook does not address all conceivable issues related to enhancing livestock data and underlining statistical issues, it does represent a unique document for a number of reasons. To begin with, it is possibly the first document which specifically addresses the broad complexity of livestock data collection, taking into consideration the unique characteristics of the sector. Indeed, in most cases livestock data are dealt with, if ever, within the context of major agricultural initiatives. Second, the sourcebook is a joint product of users and suppliers of livestock data, with its overarching objective being to respond to the information needs of data users, and primarily the Ministries responsible for livestock in African countries and the National Statistical Authorities. Finally, the sourcebook represents a unique experiment of inter-institutional collaboration, which jointly places the World Bank, the FAO Animal Production and Health Division, the ILRI and the Africa Union, Interafrican Bureau for Animal Resources as well as national governments in Niger, Tanzania and Uganda at the forefront of data and statistical innovation for evidence-based livestock sector policies and investments. This sourcebook represents a first step towards a demand-driven and sustainable approach to enhance the livestock information available to decision makers. It is hoped it will provide a useable framework for significantly improving the quantity and quality of livestock data and statistics available to the public and private sector, and also increase the efficacy of investments that country governments and the international community allocate to generate information for livestock sector policies and investments.Publication Biodiversity, Climate Change, and Adaptation : Nature-based Solutions from the World Bank Portfolio(World Bank, Washington, DC, 2008)Climate change is a serious environmental challenge that could undermine the drive for sustainable development. Since the industrial revolution, the mean surface temperature of earth has increased an average of 1degree celsius per century due to the accumulation of greenhouse gases in the atmosphere. Furthermore, most of this change has occurred in the past 30 to 40 years, and the rate of increase is accelerating, with significant impacts both at a global scale and at local and regional levels. While it remains important to reduce greenhouse gas emissions and reverse climate change in the long run, many of the impacts of climate change are already in evidence. As a result, governments, communities, and civil society are increasingly concerned with anticipating the future effects of climate change while searching for strategies to mitigate, and adapt to, it's current effects.Publication Biodiversity, Climate Change, and Adaptation : Nature-Based Solutions from the World Bank Portfolio(Washington, DC, 2008-09)Climate change is a serious environmental challenge that could undermine the drive for sustainable development. Since the industrial revolution, the mean surface temperature of earth has increased an average of 1degree celsius per century due to the accumulation of greenhouse gases in the atmosphere. Furthermore, most of this change has occurred in the past 30 to 40 years, and the rate of increase is accelerating, with significant impacts both at a global scale and at local and regional levels. While it remains important to reduce greenhouse gas emissions and reverse climate change in the long run, many of the impacts of climate change are already in evidence. As a result, governments, communities, and civil society are increasingly concerned with anticipating the future effects of climate change while searching for strategies to mitigate, and adapt to, it's current effects.Publication Towards a Vision for Agricultural Innovation in Chile in 2030(World Bank, 2011-05-31)This paper aims to develop a vision statement for the agricultural sector that may then guide the future investments in Chile's agricultural innovation system, A joint and shared perspective on how the sector might look and what role agricultural innovation should play in getting there is a prerequisite for any effective strategy. But developing such a vision is not only a function of what the country wants: it also depends on the context in which Chile's agricultural sector will find itself. This paper therefore reports on a participatory process to explore the many uncertainties that surround Chile's agriculture and to derive possible implications and answers. This will then lead to a vision for the sector that should be realistic both in terms of Chile's agricultural ambitions and its surrounding uncertainties. Based on the vision, a series of topics that needs to be explored in the agricultural innovation system if Chile wishes to make its vision come true will be identified and briefly described. The current paper is the second one in a series of three that were agreed between the Government of Chile and the World Bank to support the development of a long term agricultural innovation strategy. The first paper reviewed the functioning of the three main public technological institutes and made recommendations on how their performance can be improved. This second study explores the future of Chile's agriculture towards 2030, using a scenario planning methodology and developing a vision for the future of its agricultural innovation system. The third study will then outline a concrete action plan to make progress on the main topics that need to be addressed in order to achieve the vision.
Users also downloaded
Showing related downloaded files
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 Direct and Indirect Impacts of Transport Mobility on Access to Jobs: Evidence from South Africa(Washington, DC: World Bank, 2025-11-12)Access to jobs is essential for economic growth. In Africa, unemployment rates are notably high. This paper reexamines the relationship between transport mobility and labor market outcomes, with a particular focus on the direct and indirect effects of transport connectivity. As predicted by theory, wages are influenced by the level of commuting deterrence. Generally, higher earnings are associated with longer commute times and/or higher commuting costs. Local accessibility is also important, especially for individuals with time constraints. Both direct and indirect impacts are found to be significant in South Africa, where job accessibility has been challenging since the end of apartheid. For the direct impact, the wage elasticity associated with commuting costs is significant. Returns on commute are particularly high for women. Local accessibility to socioeconomic facilities, such as shops and health services, is also found to have a significant impact, consistent with the concept of mobility of care. To enhance employment, therefore, it is crucial to connect people not only to job locations but also to various socioeconomic points of interest, such as markets and hospitals, in an integrated manner. This integration will enable individuals to spend more time working and commuting longer distances.Publication Taxes, Spending, and Equity: International Patterns and Lessons for Developing Countries(Washington, DC: World Bank, 2025-11-17)Taxes and public spending underpin the basic administration of government and finance the human capital and infrastructure investments needed for economic growth. They can also have a significant and immediate impact on poverty and inequality. The question of how public finance can support longer-term growth objectives while promoting equity has become even more important in recent years, given the high fiscal deficits and debt levels most countries emerged with in the aftermath of the COVID-19 pandemic. These included the increasing cost of debt and the need to restart environmentally sustainable growth while helping households address the learning losses and other social scars caused by the pandemic. This paper examines the global evidence on which households pay which taxes and who benefits from what spending, and critically, the net effect on different households across the income distribution. The aim is to identify the patterns and lessons that emerge for designing progressive fiscal policies. A global dataset of 96 countries is assembled, spanning all regions of the world and all national income levels, grounded in the Commitment to Equity (CEQ) approach to fiscal incidence.Publication Kyrgyz Republic Country Climate and Development Report(Washington, DC: World Bank, 2025-11-03)This Country Climate and Development Report (CCDR) on the Kyrgyz Republic aims to support the country’s development goals amid a changing climate. The CCDR considers two policy scenarios up to 2050: the business-as-usual (BAU) and high-growth scenarios. As it quantifies the likely impacts of climate change on the Kyrgyz economy between now and 2050, the report highlights key government actions to best prepare for and adapt to climate impacts (referred to as “with adaptation” measures), with a particular focus on the time horizon up to 2030. The CCDR also outlines a path to net zero emissions by 2050 (referred to as “with mitigation” measures, “decarbonization,” or, simply, “net zero 2050”), highlighting associated development co-benefits.Publication South Africa's Renewable Energy IPP Procurement Program : Success Factors and Lessons(World Bank Group, Washington, DC, 2014-05)South Africa occupies a central position in the global debate regarding the most effective policy instruments to accelerate and sustain private investment in renewable energy. In 2009, the government began exploring feed-in tariffs (FITs) for renewable energy, but these were later rejected in favor of competitive tenders. The resulting program, now known as the Renewable Energy Independent Power Producer Procurement Program (REIPPPP), has successfully channeled substantial private sector expertise and investment into grid-connected renewable energy in South Africa at competitive prices. To date, a total of 64 projects have been awarded to the private sector, and the first projects are already on line. Private sector investment totaling US$14 billion has been committed, and these projects will generate 3922 megawatt (MW) of renewable power. Prices have dropped over the three bidding phases with average solar photovoltaic (PV) tariffs decreasing by 68 percent and wind dropping by 42 percent, in nominal terms. Most impressively, these achievements all occurred over a two-and-a-half year period. Finally, there have been notable improvements in the economic development commitments, primarily benefiting rural communities. One investor characterized REIPPPP as 'the most successful public-private partnership in Africa in the last 20 years.' Important lessons can be learned for both South Africa and other emerging markets contemplating investments in renewables and other critical infrastructure investments.