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Since February 2022, geopolitical events have made clear Europe's need to diversify its energy sources and avoid excessive dependence on fossil fuel imports. The drop in Russian natural gas flows to Europe in 2022 marked the single largest supply shock in the history of global gas markets. It...
Persistent link: https://www.econbiz.de/10014516799
. The choice of decarbonization scenario should be based on a careful review of implications and opportunities at the sector … level as well as more broadly at the level of the economy. Energy sector decarbonization would require the development of …
Persistent link: https://www.econbiz.de/10013415216
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...
Persistent link: https://www.econbiz.de/10012647229
The Philippine economy outperformed its regional peers, expanding by 6.4 percent in the first quarter of 2023. The continued release of pent-up demand as well as recovering labor market, steady remittances, and tourism rebound supported domestic activity. Weak global conditions, however,...
Persistent link: https://www.econbiz.de/10014312793
Thailand needs to avoid the high-carbon growth path of many developed countries and, instead, take a low-carbon growth path. A green low-carbon growth path is in Thailand's own interest as it can simultaneously tackle local environmental degradation, global climate change, and energy security...
Persistent link: https://www.econbiz.de/10012248031
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...
Persistent link: https://www.econbiz.de/10012646718
The purpose of this paper is to provide a practical framework to guide governments in catalyzing and scaling up public and private investment in Blue Carbon as part of their blue economy development. It does this by describing in detail a Blue Carbon Readiness Framework, a step-by-step,...
Persistent link: https://www.econbiz.de/10014381349
The Indonesia Economic Prospects (IEP) is a bi-annual World Bank report that assesses recent macroeconomic developments, outlook and risks, as well as specific development challenges for the Indonesian economy. In doing so, the IEP aims to inform the public policy debate and is geared towards a...
Persistent link: https://www.econbiz.de/10012817619
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...
Persistent link: https://www.econbiz.de/10012647409
Climate action is critical for development in the Middle East and North Africa (MENA). The region contains countries among the most affected by climate change but least prepared to address it. This report introduces key findings of the World Bank Country Climate and Development Reports (CCDRs)...
Persistent link: https://www.econbiz.de/10014454402