Carbon prices are needed to incorporate climate change costs into economic decision making. Carbon pricing should be included as part of a broader arsenal of tools to achieve domestic climate targets, but it is not a silver bullet: other policy instruments and investments (for example, public...

Reduction of greenhouse gas (GHG) emissions is fundamental to the mitigation of climate change. It has become increasingly important to estimate and report on GHG emissions to enable the implementation of mitigation measures to limit or reduce total emissions. In most cases, such estimation is...

By 2050, two-thirds of the planet's population will live in urban centers, and nearly 90 percentof the 2.5 billion new urban dwellers will live in Africa and Asia. The world's urban areas wereresponsible for around 70 percent of greenhouse gas (GHG) emissions in 2013, and that numbercould grow...

Climate auctions are an innovative climate finance mechanism, with high potential to support nationally determined contribution (NDC) implementation and deepening through efficiently leveraging private investment. The World Bank has developed the climate auction model through the work of the...

This working paper commissioned by the World Bank Carbon Markets and Innovation Practice (GCCMI) critically examines experience with carbon markets under the Kyoto protocol. The de facto end of the Kyoto Protocol and heralding of the Paris Agreement era has created the space for critical...

The Paris Agreement introduced a bottom-up approach for addressing climate change by enabling countries to pledge individual commitments through nationally determined contributions (NDCs). Furthermore, Article 6 of the Paris Agreement recognizes that Parties may engage in bilateral cooperative...

Lesotho's agricultural system faces a growing number of climate-related vulnerabilities with droughts, floods, pests, and extreme temperatures occurring more frequently. In response, the Government of Lesotho is collaborating with the World Bank to integrate climate change into the country's...

This report analyses options to make international public climate finance more transformative. The report identifies eight sets of levers to drive climate action: project-based investments, financial sector reform, fiscal policy, sectoral policies, trade policy, innovation and technology...

This retrospective examines how the World Bank's strategic use of climate-related trust funds has enabled it to play an outsized role in catalyzing climate action worldwide for nearly 30 years. By looking back at the history of climate and carbon finance, with a focus on the pioneering role of...

The Philippines is an archipelago comprised of 7,107 islands with a humid climate and a topography characterized by mountainous terrain bordered by narrow coastal plains. Considered one of the most biologically rich and diverse countries in the world, the Philippines also has one of the world's...