Publication: Reference Guide for Climate-Smart Public Investment
Date
2022
ISSN
Published
2022
Author(s)
World Bank
Abstract
Climate change, poverty, and
inequality are deeply intertwined, and tackling them
together is essential as countries plan, implement, and
manage the infrastructure and investments that underpin the
world’s economies. Trade-offs are inevitable, and policy
makers require new information, tools, systems, and
capabilities to make informed decisions. This reference
guide brings together in one place the resources that have
been developed to embed climate change within public
investment management (PIM) systems and the policies and
processes that inform PIM’s design and implementation.
Public investment is a central tool for governments to
prepare for and address the impacts of climate change. A
policy-led, two-pronged approach is required to address
Paris Agreement commitments while protecting the public:
large-scale decarbonization and adaptation to climate change
impacts. “Decarbonization” is the term used in this guide to
signal the overall goal of cutting the equivalent emissions
of carbon dioxide (CO2) from all Greenhouse Gas(GHGs). This
reference guide seeks to help policy makers and actors in
the public and private sectors to meaningfully address such
challenges. Climate action requires deliberate strategies,
backed by actionable plans, followed by rigorous
implementation. This reference guide focuses on two key
phases of climate-informed investment management: upstream
public investment policy (PIP) and downstream implementation
of those policies through PIM.
Citation
“World Bank. 2022. Reference Guide for Climate-Smart Public Investment. Climate Governance Papers;. © Washington, DC: World Bank. http://openknowledge.worldbank.org/handle/10986/38390 License: CC BY 3.0 IGO.”