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...

Indonesia has been successful in navigating the macroeconomic fallout from asynchronous global shocks. Gross domestic product (GDP) growth remains strong though the economy is yet to fully recover to its pre-pandemic trajectory. This is consistent with labor market trends, which show a recovery...

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...

Cities face significant impacts from climate change, both now and into the future. These impacts have potentially serious consequences for human health, livelihoods, and assets, especially for the urban poor, informal settlements, and other vulnerable groups. Climate change impacts range from an...

This report explores options to scale up and accelerate the energy transition to cleaner electricity and district heating generation mixes and reconcile the government's concerns over the serious local air pollution and commitments to combat climate change. The report draws three main...

Climate change has been called the most important threat to human health in the 21st century. It is estimated that if thetemperature rises and its impact on the other climatic variablescontinues unchanged, it will kill more than 83 million people (1 percent of the world's population) in the next...

In Latin America and the Caribbean (LAC) the rapidly changing climate is increasing the frequency and intensity of extreme weather-related events. The year 2020 saw the most catastrophic fire season over the Pantanal region and a record number of storms during the Atlantic cyclone season. Eta...

The impacts of climatic shocks are already being felt across Europe and are bound to intensify in line with further climate change. Even rapid and far-reaching progress on decarbonization cannot avoid the extent of climate change that is already locked in due to past emissions. These trends call...

Land use plays a pivotal role in Uzbekistan's development, and embracing sustainable agriculture offers a promising pathway to achieving middle-income status. This report aims to identify hotspots of land degradation and declining productivity along with areas of adaptation opportunity where...

To respond to climate change effectively, human capital needs to be at the heart of policy responses. This policy note demonstrates the impacts of climate change across the lifecycle and provides a framework of policy and program interventions to protect, build, and use human capital to minimize...