A New Diagnostic Offering Big Insights
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A New Diagnostic Offering Big Insights
Be among the first to learn the big insights emerging from the WBG’s new transformative diagnostic, the Country Climate and Development Reports. Join some of the architects of this new report as they synthesize the key findings from around 25 countries and reveal their most interesting recommendations about how countries can reduce emissions while growing their economies. Learn also from developing countries about their experience with CCDRs and how they plan to use them. This is a must-see for those who care about climate and development.
Connecting climate and development requires integrating communities, bolstering analytical processes, and implementing the right policy actions supported by adequate financing.— World Bank (@WorldBank) November 25, 2022
Hear more from our #COP27 event: https://t.co/gs43bAo82B #ClimateActionWBG #COP27 pic.twitter.com/6Uti10P9ID
#Malawi?? is vulnerable to #ClimateChange, but the country is scaling up social safety nets, strengthening climate-resilient infrastructure & restoring forests to transition to low-carbon economic growth.— World Bank (@WorldBank) November 14, 2022
Learn more: https://t.co/TGBTUiqjWT #ClimateActionWBG #COP27 pic.twitter.com/KcTHhdCgxL
Here are 10 things you should know about the @WorldBank Group’s first batch of Country #ClimateAndDevelopment Reports: https://t.co/SVcsi0qbgt #ClimateActionWBG pic.twitter.com/Tpj2QXWMuV— World Bank (@WorldBank) November 9, 2022
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"Policy action will matter. This is not an analytical piece without action. This analytical piece has to be followed with policy action, and with the necessary financing."
— Axel van Trotsenburg, Managing Director of Operations, World Bank
"These transitions have to be characterised by justice."
— Barbara Creecy, Minister of Forestry and Fisheries and Environmental Affairs, Republic of South Africa
"The diagnosis of the Malawi's vulnerability to climate change is overwhelming, clear and irrefutable... This demands urgent and decisive solutions."
— Stella Gama, Director of Forestry, Ministry of Natural Resources, Energy and Environment, Malawi
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.
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.
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
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.
Auguste says there are now 24 CCDRs published, They represent 34% of global emissions.
Climate change poses a clear and present danger -- especially in terms of eliminating poverty.
With good adaptation, countries can limit the impact of climate change on their economies.
But the world needs more than adaptation. It needs strong and fast reduction in emissions to protect development gains and avoid climate tipping points.
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.
Stephane Hallegatte: CCDRs also explore low carbon development pathways and how emissions can be reduced without compromising development.
What would be the impact of a 70% reduction in emissions by 2050 on growth? Very little, says Hallegatte.
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.
Auguste is presenting a word cloud to illustrate the whole of society approach that is needed to address climate and development together.
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.
Axel asks Minister Creecy how South Africa’s will meet the complex challenges of the future.
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.
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.
She said Malawi is taking steps to make sure national development is climate resilient, including infrastructure.
Malawi is updating standards to promote climate proof designs and scaling up a productive safety nets program.
Malawi also will restore forests, landscapes and watersheds. We believe this will bring significant adaptation benefits, says Gama.
The implementation of the CCDR recommendations is of paramount importance to Malawi, Gama added
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.
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.
Axel says that CCDRs must be followed by policy action and the necessary financing. The entire development agenda needs to be fully funded.
The event has concluded. Thank you for watching!
Join us for a series of live events on climate change.
Nov. 8: Climate Finance (SCALE)
Nov. 9: Country Diagnostic (CCDR)
Nov. 11: Just Transition Away from Coal
Nov. 14: Women and Climate Action
Nov. 15: Hydrogen for Development
Nov. 16: The Blue Economy
Nov. 16: Nature-smart economies
Nov. 17: Thriving Green Cities
Acting Now For a Safer Future
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Senior Managing Director, Development Policy and Partnerships, World Bank
Minister of Natural Resources and Climate Change, The Republic of Malawi
Minister of Forestry and Fisheries and Environmental Affairs, Republic of South Africa