Publication: Development and Climate Change: A Strategic Framework for the World Bank Group - Technical Report
Date
2008
ISSN
Published
2008
Author(s)
World Bank
International Finance Corporation
Multilateral Investment Guarantee Agency
Abstract
This strategic framework serves to guide
and support the operational response of the World Bank Group
(WBG) to new development challenges posed by global climate
change. Unabated, climate change threatens to reverse
hard-earned development gains. The poorest countries and
communities will suffer the earliest and the most. Yet they
depend on actions by other nations, developed and
developing. While climate change is an added cost and risk
to development, a well-designed and implemented global
climate policy can also bring new economic opportunities to
developing countries. Climate change demands unprecedented
global cooperation involving a concerted action by countries
at different development stages supported by
"measurable, reportable, and verifiable" transfer
of finance and technology to developing countries. Trust of
developing countries in equity and fairness of a global
climate policy and neutrality of the supporting institutions
is critical for such cooperation to succeed. Difficulties
with mobilizing resources for achieving the millennium
development goals and with agreeing on global agricultural
trade underscore the political challenges. The framework
will help the WBG maintain the effectiveness of its core
mission of supporting growth and poverty reduction. While
recognizing added costs and risks of climate change and an
evolving global climate policy. The WBG top priority will be
to build collaborative relations with developing country
partners and provide them customized demand-driven support
through its various instruments from financing to technical
assistance to constructive advocacy. It will give
considerable attention to strengthening resilience of
economies and communities to increasing climate risks and
adaptation. The operational focus will be on improving
knowledge and capacity, including learning by doing. The
framework will guide operational programs of WBG entities to
support actions whose benefits to developing countries are
robust under significant uncertainties about future climate
policies and impacts-actions that have "no regrets."
Citation
“World Bank; International Finance Corporation; Multilateral Investment Guarantee Agency. 2008. Development and Climate Change : A Strategic Framework for the World Bank Group - Technical Report. © World Bank, Washington, DC. http://openknowledge.worldbank.org/handle/10986/28201 License: CC BY 3.0 IGO.”