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World Bank and Adaptation Tools

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For every $1M in investment GEF has $60 for adaptation. Analysis of WB portfolio ... Approach to Adaptation in the World Bank ... – PowerPoint PPT presentation

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Title: World Bank and Adaptation Tools


1
World Bank and Adaptation Tools Finances Ian
Noble
  • From Rhetoric to Action on Adaptation

2
Two observations
3
Investments in Developing Countries
  • For every 1M in investment GEF has 60 for
    adaptation

4
Analysis of WB portfolio
  • World Bank approves over 400 projects per year
  • Leading to 21B per year in loans and grants
  • 40 of these project include climate sensitive
    components
  • 4B of portfolio is at risk
  • Only 2 of project design documents explicitly
    mention climate variability or change

5
Approach to Adaptation in the World Bank
  • Attempt to influence the design of projects and
    thus the flow of Bank lending and granting
  • We will prioritise areas of initial action
    according to criteria that include
  • Immediacy of threat
  • Numbers of people at risk
  • Capacity to achieve effective adaptation
  • Continue to learn from specific pilots

6
Approach to Adaptation in WB
  • Raise awareness within Bank of the risk posed to
    our portfolio
  • Using carrot rather than a stick approach
  • Focus on PSRPs and CASs (and CEAs) i.e. the
    project planning tools

7
Approach to Adaptation in WB
  • Provide tools so that project designers and
    managers (Bank partner country) can address
    climate variability and change issues
  • Do this cooperatively with other institutions
  • Current emphasis
  • First level, qualitative screening tool to
    identify risks
  • Agriculture water sector quantitative tools for
    assessing impacts of actions / in-action

8
Help about the question and about each option
Ability to change ones mind
9
(No Transcript)
10
Integrated Tool for cropping systems and
irrigation
11
Approach to Adaptation in WB
  • Seek novel approaches to funding adaptation
  • If CC reduces growth in Developing Countries by
    0.5 per year the approximate cost is 70B per
    year
  • Global tax on ????
  • Seek novel uses of the funds
  • Right now move more funds to capacity maintenance
    rather than capacity re-building

12
Adaptation in the Bank
  • Climate change is already a threat to development
  • A climate risk management approach (tackle
    current climate variability and climate change)
  • Learn through research engagement in ongoing
    projects
  • Develop good practice guidance and tools for
    project designers
  • Maintain capacity in Bank countries
  • Goal to treat climate volatility as an essential
    part of development planning
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