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Under-pricing of diesel and kerosene continues to cause major financial problems for Bangladesh Petroleum Corporation (BPC), which is losing over Tk 2 billion monthly. Global forecasts suggest that oil prices will continue to be over $US 50 per barrel for the next couple of years. Bangladesh's...
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For some Latin American countries - especially, the oil importers in the Caribbean - rising energy prices could pose a significant threat to their current account sustainability, particularly if they are accompanied by other negative shocks. In some countries the fiscal costs associated with...
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, the World Bank piloted this approach for 11 cities in three middle-income countries: Egypt, South Africa, and Türkiye. The …
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countries adopted quantified emission reductions obligations. Marking the 10th anniversary of the establishment of the World … Bank Prototype Carbon Fund (PCF) the world's first global carbon fund, this report seeks to take stock of the World Bank …
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Urbanization and climate change will define much of the 21st century. Urbanization leads to improvement in standards of living, and through the increased density and service delivery efficiency of cities, higher growth can be achieved with lower greenhouse gas emissions. Cities and urban...
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Carbon crediting is increasingly seen as a promising tool for mobilizing financing for development. In a world where …
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Under the Kyoto Protocol, compliance carbon markets (CCM) were primarily in the form of the Clean Development Mechanism (CDM) and Joint Implementation (JI). In 2015, the Paris Agreement introduced a new bottom-up approach to address climate change. Under the Paris Agreement, Parties set...
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