Abstract

Climate change poses a major threat to long-term development objectives, especially poverty reduction, and accelerated emission reductions are needed, particularly in high-income and other high-emitting countries. Reducing emissions can be done without comprising development: taken together, CCDR low-carbon development strategies reduce emissions by 70%, without significant impact on growth, provided that policies are well designed and financing is available. Financing needs average 1.4 percent of GDP, a manageable amount with appropriate private sector involvement. But in lower-income countries, financing needs can exceed 5 percent, which will require more support from high-income countries, including increased concessional resources.

To support the alignment of development and climate objectives at the country level, the World Bank Group has launched a new core diagnostic tool: the Country Climate and Development Report (CCDR). The CCDRs integrate climate change and development considerations and aim to help governments, private sector investors, citizens, and development partners prioritize the most impactful actions that can boost resilience and adaptation and reduce greenhouse gas (GHG) emissions, while delivering on broader development objectives. The first set of 20 CCDRs covers 24 countries and provide three main insights:

• Climate change poses a major threat to long-term development objectives, especially poverty reduction
• Climate objectives can be achieved without compromising development, but only if key conditions are met
• Success requires challenging policy reforms, re-allocation of scarce public resources, increased mobilization of private capital, and increased financial support from the international community

The CCDRs recognize that in each country, a government-led prioritization and sequencing exercise is an essential step to translate the diagnostic into a country-owned strategy and implementable investment plan.

Affiliated Organizations

The World Bank

The World Bank provides low-interest loans, interest-free credits and grants to developing countries for a wide array of purposes that include investments in education, health, public administration, infrastructure, financial and private sector development, agriculture and environmental and natural resource management.

Read More