Welcome to the World Bank Group’s pavilion at COP27. Our next event is about a new diagnostic report launched by the World Bank Group last year – Country Climate and Development Reports, or CCDRs. These reports now cover about 25 countries and are providing some big insights into how countries can achieve climate and development goals together. Tune into this event to hear how countries can reduce their greenhouse gas emissions while continuing to grow their economies.
Donna Barne 

Our moderator today is Axel van Trotsenburg, the World Bank Managing Director of Operations. Our presenters will be Stéphane Hallegatte, Senior Climate Change Advisor at the World Bank, and Auguste Kouamé, World Bank Country Director for India.
Donna Barne 

I’m Donna Barne, an external affairs officer at the World Bank Group. I’ll be the online host for this event.
While we wait, a few links to check out on CCDRs: 10 Things You Should Know About the World Bank Group’s First Batch of Country Climate and Development Reports: http://wrld.bg/9QZ050LyI1X.
Website: Country Climate and Development Reports with links to all the reports we’ve published so far: http://wrld.bg/b6ki50LyIcX
And the CCDR synthesis report -- Climate and Development: An Agenda for Action: http://wrld.bg/kt7s50LyImG
Stay tuned.
Donna Barne 

Axel van Trotsenburg, the World Bank Managing Director of Operations is talking about Country Climate and Development Reports and the findings captured in a new synthesis report. He is introducing the presenters, Stéphane Hallegatte, World Bank Senior Climate Change Advisor, and Auguste Kouamé, World Bank Country Director for India.
Donna Barne 

Auguste says there are now 24 CCDRs published, They represent 34% of global emissions.
Donna Barne 

Climate change poses a clear and present danger -- especially in terms of eliminating poverty.
Donna Barne 

With good adaptation, countries can limit the impact of climate change on their economies.
Donna Barne 

But the world needs more than adaptation. It needs strong and fast reduction in emissions to protect development gains and avoid climate tipping points.
Donna Barne 

One of the key points of the CCDR synthesis report is developed countries should accelerate their own emission reductions and provide support to developing countries.
Donna Barne 

Stephane Hallegatte: CCDRs also explore low carbon development pathways and how emissions can be reduced without compromising development.
Donna Barne 

What would be the impact of a 70% reduction in emissions by 2050 on growth? Very little, says Hallegatte.
Donna Barne 

But in low income countries, future needs could reach 8-10% of their GDP. They will need help from the international community, especially concessional finance.
Donna Barne 

Auguste is presenting a word cloud to illustrate the whole of society approach that is needed to address climate and development together.
Donna Barne 

Axel van Trotsenburg welcomes Barbara Creecy, Minister of Forestry, Fisheries and the Environment, South Africa and Stella Gama, Director of Forestry, the Republic of Malawi.
Donna Barne 

Axel asks Minister Creecy how South Africa’s will meet the complex challenges of the future.
Donna Barne 

Minister Creecy says the opportunities presented in the CCDR report are inspiring but not inevitable. The country needs a just energy transition and a South African-led investment plan. These transitions are whole-of-society transitions and need a common vision and must be characterized by justice. South Africa has developed a just transition framework that says affected communities must be part of the process and share in the benefits of the transition.
Donna Barne 

Director Gama says Malawi was pleased to be chosen to have one of the first CCDRs. She says that without investment in development and additional adaptation, Malawi's GDP could be reduced by 8-16% by 2050, according to the CCDR.
Donna Barne 

She said Malawi is taking steps to make sure national development is climate resilient, including infrastructure.
Donna Barne 

Malawi is updating standards to promote climate proof designs and scaling up a productive safety nets program.
Donna Barne 

Malawi also will restore forests, landscapes and watersheds. We believe this will bring significant adaptation benefits, says Gama.
Donna Barne 

The implementation of the CCDR recommendations is of paramount importance to Malawi, Gama added
Donna Barne 

Auguste addresses the financing question: Besides external resources, the government's role is policy and regulation to send a signal to encourage actions that are good for climate adaptation and mitigation.
Donna Barne 

MIGA's Merli Baroudi, Director of Economics and Sustainability, says CCDRs can catalyze a strong dialogue that can lead to a country-owned strategy that is achievable and that all parts of the community can work together to achieve. A CCDR should be an opportunity to come together on how to achieve both climate and development objectives.
Donna Barne 

Axel says that CCDRs must be followed by policy action and the necessary financing. The entire development agenda needs to be fully funded.
Donna Barne 

The event has concluded. Thank you for watching!
Donna Barne