The World Bank and Climate Change
The World Bank is an international organisation that helps emerging market countries to reduce poverty. Its first goal is to end extreme poverty. It wants no more than 3% of people to live on $1.90
a day or less by 2030. Its second goal is to promote shared prosperity. It wants to improve the incomes of the bottom 40% of the population of each country. Since 1947, the World Bank has funded more than 12,000 projects.
It is not a bank in the conventional sense of the word. Instead, it consists of two development institutions. One is International Bank of Reconstruction and Development which provides Loans, Credits and Grants. The second is International Development Association which provides loans to low or No- interest to low income countries. The Bank works closely with three other organisations in the World Bank Group. These are -
1) International Finance Corporation (IFC) provides Advice, Investment and Asset Management to
companies and Governments.
2) Multilateral Investment Guarantee Agency (MIGA) insures lenders and investors against political
risk such as War.
3) International Centre for the Settlement of Investment Disputes (ICSID). It settles investment
disputes between investors and countries.
The Bank's 189 members countries share ownership. The U.S.A. has a controlling voting interest.
The Bank uses funds to modernize a country's financial sector, Agricultural and Natural Resources management. The President of USA has selected the World Bank President since its founding since
it owns 16% of the bank's share making it the largest shareholder. The World Bank President reports to a 25 member Board of Executive Directors. The most significant countries are France, Germany, Japan, U.K. and U.S.A.
FIGHT CLIMATE CHANGE
The World Bank has joined the fight against climate change since it could push another 100 million people into poverty by 2030. It's increased climate financing to 28% of its portfolio which includes funding nation's plans to add 30 Gigawatts of Renewable energy by 2020. It also supports early warning systems for 100 million people. It is developing climate-share Agriculture for 40 countries.
Bank also uses the true cost of carbon in the projects.
The World Bank provides a wealth of downloadable Data for more than 200 countries. In 2010, the bank launched a new Open Data website, providing free access to 298 major indicators including -
1. Urban Development and Infrastructure.
2. Health such as Life expectancy.
3. Climate change, Environment and Energy.
4. Labour, Income and Education.
5. Govt., Economic policy and Sovereign Debt.
6. Business, Agriculture and Financial areas.
7. Demographics such as Poverty, Gender and aid effectiveness.
The World Bank group helps countries deliver on their demand for clean air and water, healthy oceans, sustainable food and agriculture systems and Resilient cities. Policies like Carbon pricing
can help create incentives for transformational change.
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a day or less by 2030. Its second goal is to promote shared prosperity. It wants to improve the incomes of the bottom 40% of the population of each country. Since 1947, the World Bank has funded more than 12,000 projects.
It is not a bank in the conventional sense of the word. Instead, it consists of two development institutions. One is International Bank of Reconstruction and Development which provides Loans, Credits and Grants. The second is International Development Association which provides loans to low or No- interest to low income countries. The Bank works closely with three other organisations in the World Bank Group. These are -
1) International Finance Corporation (IFC) provides Advice, Investment and Asset Management to
companies and Governments.
2) Multilateral Investment Guarantee Agency (MIGA) insures lenders and investors against political
risk such as War.
3) International Centre for the Settlement of Investment Disputes (ICSID). It settles investment
disputes between investors and countries.
The Bank's 189 members countries share ownership. The U.S.A. has a controlling voting interest.
The Bank uses funds to modernize a country's financial sector, Agricultural and Natural Resources management. The President of USA has selected the World Bank President since its founding since
it owns 16% of the bank's share making it the largest shareholder. The World Bank President reports to a 25 member Board of Executive Directors. The most significant countries are France, Germany, Japan, U.K. and U.S.A.
FIGHT CLIMATE CHANGE
The World Bank has joined the fight against climate change since it could push another 100 million people into poverty by 2030. It's increased climate financing to 28% of its portfolio which includes funding nation's plans to add 30 Gigawatts of Renewable energy by 2020. It also supports early warning systems for 100 million people. It is developing climate-share Agriculture for 40 countries.
Bank also uses the true cost of carbon in the projects.
The World Bank provides a wealth of downloadable Data for more than 200 countries. In 2010, the bank launched a new Open Data website, providing free access to 298 major indicators including -
1. Urban Development and Infrastructure.
2. Health such as Life expectancy.
3. Climate change, Environment and Energy.
4. Labour, Income and Education.
5. Govt., Economic policy and Sovereign Debt.
6. Business, Agriculture and Financial areas.
7. Demographics such as Poverty, Gender and aid effectiveness.
The World Bank group helps countries deliver on their demand for clean air and water, healthy oceans, sustainable food and agriculture systems and Resilient cities. Policies like Carbon pricing
can help create incentives for transformational change.
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