Publication: Armenia Country Climate and Development Report
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2024-11-07
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2024-11-07
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This Country Climate and Development Report (CCDR) explores Armenia’s intertwined climate and development challenges, presenting a comprehensive roadmap toward a cleaner environment, healthier communities, and a resilient economy. It highlights the economic and energy security advantages of transitioning from a gas-dependent to a solar-powered economy while acknowledging Armenia’s vulnerability due to its energy-intensive structure. The report emphasizes the urgency of adaptation investments to mitigate water stress, land degradation, and natural disasters, with a particular focus on boosting water efficiency and storage and adopting climate-smart agricultural practices. Key policy recommendations include fiscal and institutional reforms, alongside substantial investment needs in critical sectors such as energy, water, agriculture, and public infrastructure. Achieving a resilient, low-carbon pathway will require an estimated $8 billion investment between 2025 and 2060 (2.5% of GDP per year), with the benefits expected to outweigh the costs. The report also stresses the essential role of private sector engagement and innovative financing, including public-private partnerships and a sustainable finance framework, to mobilize the necessary resources.
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“World Bank Group. 2024. Armenia Country Climate and Development Report. CCDR Series. © World Bank. http://hdl.handle.net/10986/42379 License: CC BY-NC-ND 3.0 IGO.”
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