With accelerated urbanization and growing population density, cities have become centers of global economic activity. Also, the urban sector accounts for a considerable share of the world’s greenhouse gas emissions.
... See More + Reducing cities’ carbon footprint will become an important factor in meeting the climate change goals of the Paris Agreement. In developing countries, rapidly urbanizing areas hold the largest climate change mitigation opportunities in sectors such as urban development, transport, energy, and buildings. To enable such transformative actions, more needs to be done to effectively deliver climate finance to cities. This report, prepared under the Innovation Series of the Carbon Partnership Facility of the World Bank, discusses how new crediting approaches can help cities mobilize financing for climate change mitigation. The report analyzes real-life examples from Brazil, the Czech Republic, Thailand, and Morocco and suggests possible ways to use crediting approaches both under carbon market mechanisms and as a modality to disburse results-based climate finance. Aligned with broader urban policies and investment priorities, such innovative crediting approaches can complement other financing instruments, that shape urban development and influence behavior of service providers, investors, and consumers towards low emissions actions. It can also help drive political and financial support for implementation and tracking of urban climate actions under Nationally Determined Contributions.
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The development objective of the Sustainable Low-Carbon Development in Orinoquia Region Project for Colombia is to improve enabling conditions for sustainable and low-carbon landscape planning and management in project targeted areas.
... See More + The project comprises of four components. The first component, integrated land-use planning and improved governance for deforestation control will support capacity building to strengthen policy and planning instruments considering historic and future drivers of agriculture, forestry, and other land use (AFOLU) greenhouse gas (GHG) emissions and will contribute to improving state presence in areas affected by violence and illicit activities. It consists of following sub-components: (i) mainstreaming environmental considerations into land-use planning instruments and land tenure regularization processes at the regional and local levels in project targeted areas; and (ii) strengthening capacities for land-use regulation enforcement and deforestation control. The second component, sustainable land-use management will contribute to mitigate historical and expected increases in emissions due to unsustainable and or GHG-intensive land management practices. It consists of following sub-components: (i) strengthening public and private sector coordination and engagement for targeting low carbon development goals; (ii) strengthening the capacity of relevant stakeholders for prioritization and implementation of practices, technologies, and approaches aligned with low-carbon and climate-resilience productive activities; and (iii) designing financing and non-financing incentives to promote the adoption of low carbon and sustainable practices and technologies. The third component, definition of emission reduction program and monitoring, reporting, and verification will strengthen institutional capacities and the enabling environment to accomplish biocarbon funds (BioCF’s) requirements related to carbon accounting and social and environmental safeguards. It consists of following sub-components: (i) developing the recipient’s capacity for robust monitoring, reporting, accounting, and verification of AFOLU emissions and removals; and (ii) preparation of the Orinoquia sustainable integrated landscape (OSIL) emission reductions program. The fourth component, project coordination, management, monitoring, and evaluation will finance training, travels, consultants, and operational costs to strengthen the institutional and implementation arrangements for the project’s day-to-day operations.
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This report provides an overview of the progress made in 2017 in implementing the Africa Climate Business Plan (ACBP), a blueprint for climate action in Sub-Saharan Africa that the World Bank launched during the 21st meeting of the Conference of the Parties (COP21) to the United NationsFramework Convention on Climate Change (UNFCCC) in Paris in November 2015.
... See More + This report provides an update on resource mobilization, describes the climate co-benefits provided by the ACBP portfolio, and details implementation progress by ACBP cluster and component. In addition, to better measure and monitor results and inform future project design, it reports on two new pieces of analysis undertaken this year: a review of the ACBP contribution to implementation of the Nationally Determined Contributions (NDCs) of Sub-Sharan Africa’s countries; and a review of the ACBP portfolio from the perspective of its contribution to resilience building (following the resiliencepathways approach).
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Carbon pricing plays an important role in tackling climate change as it requires the cost of greenhouse gas (GHG) emissions to be considered in financial decisions.
... See More + This levels the playing field between emission-intensive and low-carbon economic activities, triggering more investments in low carbon technologies. Carbon pricing is therefore key to mobilizing the United States (U.S.) 700 billion dollars of incremental investments needed annually by 2030 to transition to a low-carbon economy. The current level of carbon prices is substantially lower than the level that the high-level commission on carbon prices found to be consistent with the temperature goal of the Paris Agreement. The report takes stock of the latest trends and developments in carbon pricing initiatives. It covers initiatives that explicitly apply a price on a unit of GHG emission, including emissions trading system (ETSs) - both cap-and-trade and baseline-and-credit systems, carbon taxes, offset mechanisms, and results-based climate finance (RBCF).
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