Finance for Climate Action A s n A p s h ot o f t h e Wo r l d B A n k G r o u p ’ s C l i m At e Wo r k 9420_FinanceClimateAction.indd 1 11/20/15 10:48 AM 9420_FinanceClimateAction.indd 2 11/20/15 10:48 AM Finance for Climate Action A s n A p s h ot o f t h e Wo r l d B A n k G r o u p ’ s C l i m At e Wo r k 9420_FinanceClimateAction.indd 1 11/20/15 10:48 AM © 2015 International Bank for Reconstruction and Development/The World Bank The World Bank 1818 H St NW Washington DC 20433 Telephone: 202-473-1000 Internet: www.worldbank.org This work is a joint product of the World Bank. The findings, interpretations, and conclusions expressed in this work do not necessarily reflect the views of the World Bank, its Board of Executive Directors, or the governments they represent. The World Bank does not guarantee the accuracy of the data included in this work. The boundaries, colors, denominations, and other information shown on any map in this work do not imply any judgment on the part of the World Bank concerning the legal status of any territory or the endorsement or acceptance of such boundaries Rights and Permissions The material in this work is subject to copyright. Because the World Bank encourages dissemination of their knowledge, this work may be reproduced, in whole or in part, for noncommercial purposes as long as full attribution to this work is given. Any queries on rights and licenses, including subsidiary rights, should be addressed to World Bank Publications, The World Bank Group, 1818 H St. NW, Washington, DC 20433, USA; fax: 202-522-2422; email: [email protected]. Cover photo courtesy of Curt Carnemark/World Bank. 9420_FinanceClimateAction.indd 2 11/20/15 10:48 AM Contents Acknowledgements . v Abbreviations . vi 1. Delivering .Finance .for .Climate Action. 1 2. Measuring .Climate .Finance .at .the World. .Bank .Group . 3 3. World .Bank .Group Trends. .in .Climate .Finance .Over .2011–15 . 5 4. Mobilizing .Other .Resources .for .Climate Action. 7 5. Highlights .of .the World. .Bank .Group’s .Climate Work. 11 6. Scaling .up .Climate .Finance . 13 Annex 1 engaging through the public sector to Build Climate resilience . 17 Transformative .and .Integrated .Solutions .for Resilient. .Landscapes .Management . in .the .Sahel .and West. Africa. 17 Supporting Adaptiv. e .Delta .Management .in .Bangladesh . 18 Managing .Landscapes .in .Ethiopia’s .Highlands . 19 Disaster .Risk .Management .in .Indonesia . 20 A .Programmatic Approach. .to .Forests .Management .in .Liberia . 21 Promoting .Rural .Low-Carbon .Development .through .Mexico’s .Forest .and .Climate .Program . 22 Enhancing Water. .Resource .Management .in .the .Senegal .River .Basin . 23 Rolling .Out .Climate .Smart Agricult. ural Tec. hnologies .in .Senegal . 24 Boosting .Community .and .Infrastructure .Resilience .to .Climate .Change .in Tajikist. an . 25 Adopting .Sustainable Agricult. ure .and .Livestock .Practices .in .Uruguay . 26 Annex 2 Working with the public sector on low Carbon development . 28 Upgrading .and .Greening .the .Rio .de .Janeiro .Rail .System .in .Brazil . 28 Reducing Transport. .Emissions .through .India’s .Eastern .Dedicated .Freight .Corridor . 29 Risk .Coverage .for .Clean .Power .in .Lao .People’s .Democratic .Republic . 29 Morocco’s .Inclusive .Green .Growth .Program . 30 Catalyzing .a .Market .for .Concentrated .Solar .Power .in .the .Middle .East .and .North Africa. 31 Improving .Chiller .Energy .Efficiency .in .the .Philippines . 32 Catalyzing .Private .Sector .Engagement .in Turk. ey’s .Renewable .Energy .and .Energy .Efficiency .Markets . 33 iii 9420_FinanceClimateAction.indd 3 11/20/15 10:48 AM iv Contents Annex 3: Working through ifC to engage the private sector on Climate Action . 34 Penonome Wind. .Power .Plant, .Panama . 34 Jordan .Solar .Photovoltaic .(PV) .Program . 34 On-lending .for .Climate .Projects .through .Itaú .Unibanco, .Brazil . 34 Odea .Bank .Investments .in .Green .Buildings, Turk. ey . 35 Addressing .Rising .Demand .for Aff. ordable .Housing .in Vietnam. 35 Renovating .Roya-affected .Coffee .Plantations .in .Nicaragua . 35 Concentrated .Solar .Power .in .South Africa. 35 Box Box 1 Highlights .of .the World. .Bank .Group’s Work. .with .Other .Climate .Funds . 8 Figures figure 1 . Mobilizing .and .Leveraging .Climate .Finance .at .the World. .Bank .Group . 9 figure 2 . Comparison. .of .Primary .Sector .and Agricult. ural Value. Added. .Growth . and .GDP .Growth .in .Senegal . 24 Maps map 1 . The .Global .Scope .of .the World. .Bank Group’. s .Climate Work,. .2011–15 . 6 map 2 . The .Great .Green Wall. .Initiative . 17 TaBles table 1 . World .Bank .Group Trends. .in .Climate .Finance, .2011–15 . 5 table 2 . Resilient .Landscapes .Management .in .the .Sahel .and West. Africa. 17 table 3 . Addressing .Climate .Change .and .Disaster .Risks .in .Bangladesh, .2007–14 . 19 table 4 . Managing .Landscapes .in .Ethiopia’s .Highlands . 20 table 5 . Disaster .Risk .Management .in .Indonesia . 20 table 6 . A .Programmatic Approach. .to .Forests .Management .in .Liberia, .2005–15 . 22 table 7 . Promoting .Rural .Low .Carbon .Development .through .Mexico’s .Forest .and .Climate .Program . 23 table 8 . Senegal .River .Basin .Climate .Change .Resilience .Development .Project . 23 table 9 . Rolling .Out .Climate .Smart Agricult. ural Tec. hnologies .in .Senegal . 25 table 10 . Beneficiaries .of .New Varieties. .of .Sorghum . 25 table 11 . Boosting .Community .and .Infrastructure .Resilience .to .Climate .Change .in Tajikist. an . 26 table 12 . Adopting .Sustainable Agricult. ure .Practices .in .Uruguay . 27 table 13 Upgrading .and .Greening .the .Rio .de .Janerio .Rail .System .in .Brazil . 28 table 14 Eastern .Dedicated .Freight .Corridor, .India . 29 table 15 Risk .Coverage .for .Clean .Power .in .Lao .PDR . 30 table 16 Morocco’s .Inclusive .Green .Growth .Program . 30 table 17 Catalyzing .a .Market .for .CSP .in .the .Middle .East .and .North Africa. 32 table 18 Improving .Chiller .Efficiency .in .the .Philippines . 32 table 19 Catalyzing .Private .Sector .Engagement .in Turk. ey’s .Renewable .Energy .and .Energy .Efficiency .Markets . 33 9420_FinanceClimateAction.indd 4 11/20/15 10:48 AM ACKNOWLEdGEMENTS his report was prepared for the Climate Gunawan, Stephen Alan Hammer, Magda Lovei, tChange Group Vice Presidency. The report Bexi Francina Jimenez Mota, Shaanti Kapila, Dom- was prepared by Jane Olga Ebinger and Stacy inique Isabelle Kayser, Aradhana Kumar-Capoor, Swann under the guidance of Rachel Kyte, World Andrea Kutter, Sameh I Mobarek, Joyita M. Bank Group Vice President and Special Envoy. Mukherjee, Rusmir Music, Thomas O’Brien, Annika The team benefitted from important contribu- Ostman, Haruhisa Ohtsuka, Sona V. Panajyan, tions and suggestions from Paola Agostini, Kulsum Martin Rama, Esther Rojas-Garcia, Marc Sadler, Ahmed, Philippe Ambrosi, Jose Andreu, Angela G. Gevorg Sargsyan, Lia Sieghart, Karin Shepardson, Armstrong, Bernard Aritua, Tobias Baedeker, Paul Kruskaia Sierra-Escalante, Simon Whitehouse, Antony Barbour, Sofia U. Bettencourt, Perpetual A. Vikram Widge, Guang Zhe Chen. Boateng, Irina Bushueva, Carlos Borges Torrealba The photographs used in this document were Carpi, Lucie Cecile Blyth, Marcene Broadwater, sourced from TerrAfrica; Stephan Bachenheimer/ Karan Capoor, Charles Joseph Cormier, Chris- World Bank; CIF; Curt Carnemark/World Bank; tophe Crepin, Stephane Raphael Dahan, Georges IFC; KACO new energy GmbH; Nugroho Nurdiki- Bianco Darido, Stephen Danyo, Mafalda Duarte, awan Sunjoyo/World Bank; Prizma; PROFOR; Talli Eduardo Ferreira, Marc S. Forni, Shari Friedman, Nauman/TRF; Dana Smillie/World Bank and the Camille Annette Funnell, Francis Ghesquiere, Iwan World Bank. v 9420_FinanceClimateAction.indd 5 11/20/15 10:48 AM AbbreviAtions ADB . Asian .Development .Bank GHG . Greenhouse .Gas AfDB . African .Development .Bank GWh . Giga Wat. t .Hour BioCF . Bio .Carbon .Fund ha . Hectare BMU . Federal .Ministry .for .the .Environment, . IADB . Inter-American .Development .Bank Germany IBRD . International .Bank .for .Reconstruction .and . BMZ . Federal .Ministry .of .Economic .Cooperation . Development and .Development, .Germany IDA . International .Development Association. BNPB . Badan .Nasional .Penanggulangan .Bencana IFC . International .Financial .Corporation BPBD . Badan .Penanggulangan .Bencana .Daerah IMF . International .Monetary .Fund BRICKS . Building .Resilience .through .Innovation, . JBIC . Japan .Bank .for .International .Cooperation Communication .and .Knowledge .Services . Project JICA . Japan .International .Cooperation Agency. Ci-Dev . Carbon .Initiative .for .Development kg . Kilogram CIF . Climate .Investment .Funds kWh . Kilo Wat. t .Hour LDCF . Least .Developed .Countries .Fund CO2 . Carbon .Dioxide CONAFOR . National .Forestry .Commission .of .Mexico LDCs . Least .Developed .Countries CSP . Concentrated .Solar .Power MDBs . Multilateral .Development .Banks CTF . Clean Tec. hnology .Fund MDTF . Multi .Donor Tr. ust .Fund DRM . Disaster .Risk .Management MIGA . Multilateral .Investment .Guarantee Agency. EBRD . European .Bank .for .Reconstruction .and . MLF . Multilateral .Fund .for .the .implementation .of . Development the .Montreal .Protocol EC . European .Commission MNA . Middle .East .and .North Africa. EIB . European .Investment .Bank MW . Mega Wat. t ESMAP . Energy .Sector .Management Assist. ance . ODS . Ozone .Depleting .Substances Program OECD . Organisation .for .Economic .Co-operation .and . EU . European .Union Development FCPF . Forest .Carbon .Partnership .Facility