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  • MPI Ethno. Forsch.  (915)
  • Washington, D.C : The World Bank  (915)
  • Environment  (641)
  • Economic Growth  (323)
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  • MPI Ethno. Forsch.  (915)
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  • 1
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Economic Updates and Modeling
    Keywords: Economic Forecasting ; Economic Growth ; FDI ; Foreign Direct Investment ; FX ; Import Bans ; Improved Welfare ; Inflation ; International Economics and Trade ; Macroeconomics and Economic Growth ; Oil Flows ; Private Sector Credit
    Abstract: Important reform decisions have been taken for Nigeria to avoid a fiscal cliff, and temporary compensation is being provided to help the poorest and most vulnerable households. In May and June 2023, the incoming administration undertook two critical policy decisions, which have resulted in price and exchange rate adjustments in the second half of the year. Targeted cash transfers are helping to cushion the adjustment to higher gasoline prices. On fiscal policy, budget planning for the next several years is consistent with sustaining the fiscal savings from the subsidy reform and mobilizing more revenues. However, the reforms are yet to be completed to fully realize the economic benefits. The FX market has remained volatile and is still in a period of continuing adjustment to the new policy approach. Revenue gains from the FX reform are visible, but more clarity is needed on oil revenues, including the fiscal benefits from the PMS subsidy reform. The economic outlook for Nigeria in the short to medium term hinges on the continuation and effectiveness of its macroeconomic stabilization agenda. Successful implementation of the initiated reforms will be the first step toward improving Nigeria's growth prospect. Moving decisively onto a higher long-term growth and poverty reduction path requires not only a stable macroeconomic environment but also concerted structural reforms
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  • 2
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Economic Updates and Modeling
    Keywords: Adaptation to Climate Change ; Climate Change ; Environment ; Food Security ; Fragile Recovery ; Pollitical Challenges ; Water Resources ; Water Security
    Abstract: Somalia has remained on a strong economic reform path despite the various global and exogenous shocks that have continued to buffet the economy. Recurrent climate-related shocks, such as cycles of droughts, floods, locusts' infestation, higher international commodity prices, as well as increased insecurity and conflict, have interrupted the country's growth trajectory. However, this has not deterred the country's commitment to continue advancing reforms to strengthen key economic institutions and promote macroeconomic stability and recovery. As a result, Somalia has continued to make progress toward meeting the conditions for achieving the heavily indebted poor country (HIPC) completion point in December 2023. Within the framework of resilience, the eighth edition of the World Bank's Somalia economic update series provides an in-depth analysis of recent economic developments and growth outlook and makes a case for integrating climate change with Somalia's growth agenda. This report highlights macroeconomic policies and reforms that promote inclusive growth and institutional building including enhancing fiscal space for development priorities while strengthening expenditure controls; strengthening financial integrity; integrating Somalia into the global financial system; and improving debt management
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  • 3
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Risk and Vulnerability Assessment
    Keywords: Cyclonic Storm ; Environment ; Grade Methodology ; Natural Disasters ; Rakhine State ; Social Protections and Assistance ; Social Protections and Labor
    Abstract: Extremely severe cyclonic storm Mocha made landfall as a Category 4-equivalent cyclone in the Saffir-Simpson hurricane wind scale on Sunday May 14, 2023, at 07:07 UTC (14:07 local time) around Sittwe city, the capital of Rakhine State, Myanmar. Given the fragile and conflict-affected situation with limited access in Myanmar, the World Bank has adopted the Global RApid post-disaster Damage Estimation (GRADE) methodology to estimate damages arising from Cyclone Mocha. GRADE is a remote, desktop analysis to estimate damage to capital stock. This report summarizes the results of the GRADE conducted to assess damages following the impact of Extremely severe cyclonic storm Mocha in Myanmar during May 2023
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  • 4
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Economic Updates and Modeling
    Keywords: Carbon Pricing ; Economic Forecasting ; Economic Growth ; Energy ; Energy and Economic Development ; Energy Prices ; Growth and Real Sector ; Inflation ; Macroeconomics and Economic Growth
    Abstract: The twin shocks of the pandemic and weak global trade has particularly impacted Thailand due to the country's position as a trade and tourism hub. Thailand's tourism arrivals reached only 75 percent of pre-pandemic levels in September despite the ongoing growth in global services trade. Visitor numbers increased across the board, except for China and Japan which are experiencing economic slowdown. The economic recovery faltered due to global headwinds as growth fell to 1.5 percent year-on-year in 2023 Q3, well below expectations. Thailand has implemented a range of policies to reduce greenhouse gas emissions and has taken the first steps to implementing comprehensive carbon pricing. This report explores some of the complexities involved in implementing carbon pricing. It finds that Thailand has already taken some of the most difficult steps in setting up a comprehensive carbon pricing policy instrument. Important questions remain to be addressed about what form carbon pricing should take in Thailand and which economic sectors should be included in a carbon pricing scheme. The potential benefits from carbon pricing may be substantial. Carbon pricing is likely to play an important role in meeting future emission reduction targets, reducing environmental degradation and air pollution while positioning Thailand as a regional leader in green and sustainable growth
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  • 5
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Economic Updates and Modeling
    Keywords: Demand Shortfalls ; Economic Forecasting ; Economic Growth ; Growth ; Inflation ; Investment Shifts ; Macroeconomics and Economic Growth ; Property Sector
    Abstract: Economic activity in China has picked up in 2023, but the recovery remains fragile. Real GDP growth accelerated to 5.2 percent y/y in the first three quarters of 2023, driven by demand for services, resilient manufacturing investment, and public infrastructure stimulus. The initial phase of economic reopening triggered a surge in economic activity in Q1, but growth momentum decelerated rapidly in Q2 before recovering modestly in Q3. The volatile growth performance, compounded by persistent deflationary pressures and still weak consumer confidence, suggests continued fragility in the recovery. China's investment deceleration has been one of the key drivers of the overall growth slowdown in recent years. Together with the decline in aggregate investment growth, there has been a marked shift in the composition of investment. Structural reforms are crucial both to accelerate rebalancing towards higher consumption and to mitigate risks of inefficiencies in capital allocation. Following recent statements by policymakers, a renewed focus on structural reform implementation with specific measures strengthening the rule of law, independent enforcement of regulations, fostering competition, and ensuring a level-playing field could help ensure that resources are allocated to the most productive sectors and firms. Deepening financial sector reform will enhance market-based financial intermediation. Measures to improve the progressivity of the fiscal system, reform the hukou system, and foster inclusive finance will support household consumption growth
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  • 6
    Language: English
    Pages: 1 Online-Ressource (56 pages)
    Parallel Title: Erscheint auch als Feriga, Moustafa Amgad Moustafa Ahmed Moustafa The Impact of Climate Change on Work: Lessons for Developing Countries
    Keywords: Climate Change ; Climate Change and Labor ; Environment ; Labor Demand ; Labor Supply ; Productivity
    Abstract: What is the impact of climate change on labor Reviewing the evidence, this paper finds five areas of potential impact. Climate change may have an immediate effect on labor demand, labor supply and time allocation, on-the-job productivity, and income and vulnerability among the self-employed. In the medium term, climate change may lead to a reallocation of labor across economic activities and across space. Impact estimates typically rely on fixed effect estimation. These estimates require care when interpreted as they typically reflect the short-term direct impact of past events and abstract from potential adaptation. The paper discusses emerging work trying to address this, analyzing the responses by firms, farms, households, and workers. Together, the existing evidence points toward six potential areas of government response. Potential labor policies include green jobs, green skills, labor-oriented adaptation, flexible work regulation, labor market integration, and social protection. The paper concludes by setting out avenues for future research in this field
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  • 7
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Social Analysis
    Keywords: Early Childhood ; Economic Growth ; Human Capital ; Human Capital Protection ; Macroeconomics and Economic Growth ; Social Protections and Assistance ; Social Protections and Labor ; Strengths and Gaps
    Abstract: This human capital review assesses human capital outcomes in Mauritania and identifies actions to strengthen, utilize, and protect human capital. The government of Mauritania has demonstrated a strong commitment to placing human capital at the forefront of its long-term vision, with dedicated efforts focused on enhancing childhood health and education outcomes. Despite Mauritania's positive initiatives, the country's human capital wealth per capita has declined over the last 20 years; and it is imperative to look at ways to quickly reverse this situation. Children born today in Mauritania will only be 38 percent as productive when they grow up as they could have been had they enjoyed complete education and full health. Increasing the productivity of Mauritanians--both men and women--and thus allowing them to fully contribute to the development of their society entails transforming the human capital challenge to a human capital opportunity. This report takes a comprehensive, cross-sectoral approach and proposes recommendations for building, protecting, and utilizing human capital in Mauritania
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  • 8
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource (57 pages)
    Parallel Title: Erscheint auch als Artuc, Erhan Trade, Outsourcing, and the Environment
    Keywords: Border Carbon Adjustment ; Carbon Policy and Trading ; Carbon Tariffs ; Carbon Tax ; CO2 Emission Leakage ; Environment ; Environment and Trade ; Environmental Policy ; International Economics and Trade ; Law and Development ; Tax Law
    Abstract: This paper analyzes the effects of carbon taxation and border carbon adjustments in a setting where firms can choose to respond to taxation by abating or by outsourcing part of their production. For this, this paper sets up a general equilibrium trade model, calibrated with world trade and input-output data that features a discrete choice production structure, where the producers choose between outsourcing or abating emission-intensive intermediate production steps. The paper finds that border adjustments that cannot target scope 3 emissions can lead to outsourcing, and thus leakage, further down the value chain, but nevertheless induce higher abatement both in the countries that impose the border adjustment and in the ones affected by it
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  • 9
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Other ESW Reports
    Keywords: Adaptation to Climate Change ; Environment ; Green Transformation ; International Economics and Trade ; Plastic Substitutes ; Sustainability ; Trade ; Trade Policies ; Trade Policy
    Abstract: Climate change - and efforts to mitigate and adapt to it - will affect global flows of trade and Indonesia's ability to transition to a more environmentally sustainable economy on its path to become a high-income economy is, therefore, interlinked with trade policy. Environmental policy stringency (EPS) is increasing around the globe - a crucial challenge lies in harmonizing these with sustained economic growth, yet both goals can be reached. Although trade flows facilitate emissions, they are also a critical part of the solution, including through trade in environmental goods (EGs) and plastic substitutes - with important economic spillovers. This report provides a detailed analysis of the role of trade and trade policy on EGs and plastic substitutes in Indonesia's green transition. Chapter one describes the need for, and urgency of, this transition, by looking at the carbon intensity of Indonesia's trade, the impacts of environmental policies of Indonesia and key trading partners, and the roles of EGs. Chapter two examines where Indonesia stands on the level of trade in EGs and plastic substitutes and the competitiveness of EGs trade. Chapter three explores trade agreements and tariffs and simulates potential impacts of tariff reforms - including through multilateral actions. Chapter four examines what non-tariff measures (NTMs) apply on the products including inputs of firms exporting EGs and assesses which NTMs may be costly. Finally, chapter five concludes with policy recommendations
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  • 10
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource (38 pages)
    Parallel Title: Erscheint auch als Calice, Pietro Just Transition: Issues for Central Banks and Financial Regulators
    Keywords: Climate Change ; Climate Finance ; Energy ; Energy Transition ; Environment ; Financial Regulators ; Social Changes
    Abstract: Recent calls on central banks and financial regulators to use the tools at their disposal to help mitigate the negative economic and social impacts of climate policies are based on several false analogies between the energy transition and the "just" energy transition. The same false analogies explain why voluntary efforts to incorporate just transition considerations into private financial decisions and products copying approaches from climate finance have so far failed to gain traction. None of the above invalidates the just transition as a political aspiration. However, only the government has the legitimacy and authority to identify the regions or sectors where the negative impacts of the energy transition are to be mitigated, determine the extent and instruments for this mitigation, and adjust them over time in line with shifting social preferences. This is an essentially political task that cannot be delegated to technocratic agencies. Nevertheless, within the parameters established by the government, central banks and financial regulators can play a supporting role by ensuring accurate data on the social impact of the energy transition, enforcing disclosure requirements, sensitizing financial firms to just transition--related risks, and raising awareness among financial firms. However, they must be cautious not to overstep their mandate, and remain mindful of the limitations of their toolkit and of the risks and potential unintended consequences of their actions
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  • 11
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Economic Updates and Modeling
    Keywords: Economic Growth ; Financial Sector ; Fiscal and Monetary Policy ; Food Security ; Inflation ; Macroeconomics and Economic Growth ; Monetary Policy ; Real Sector
    Abstract: Notwithstanding slower global growth and lingering impacts of recent catastrophic floods, private sector activity, outside the oil sector, has been supported by a relative return to peace, and higher government spending. Nevertheless, the economy is estimated to have contracted by 0.4 percent in FY23/24, reflecting drags from oil production. Supported by a successful exchange rate liberalization, inflation averaged -3.2 percent in 2022 and around 3 percent in the first nine months of 2023. Monetary policy has tightened in recent months, but it remains imperative that the central bank refrain from financing the fiscal deficit. The FY23/24 budget projects a smaller financing gap of about 13 percent of budget expenditures comparedto previous years. However, financing vulnerabilities remain high because of limited fiscal and external liquidity buffers and limited debt-carrying capacity
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  • 12
    Language: English
    Pages: 1 Online-Ressource (24 pages)
    Parallel Title: Erscheint auch als Floreani, Vincent A Costing Disasters: Hedonic Pricing, Neighborhood Effects, and the Nepal Gorkha Earthquakes
    Keywords: Climate Change Economics ; Earthquakes ; Environment ; Hedonic Price ; Housing Prices ; Imputed Rent ; Macroeconomics and Economic Growth ; Microsimulation ; Natural Disaster ; Natural Disasters ; Neighborhood Effects ; Spatial Economics ; Welfare
    Abstract: Disasters are frequent and clearly harmful in developing countries, but precisely estimating their overall cost and distributional impact is challenging. This paper proposes a microsimulation approach to do so rapidly, borrowing concepts from both poverty analysis and urban economics. Because housing prices reflect the present value of a specific bundle of living conditions, local earnings opportunities, and local access to services, their change in the aftermath of a disaster can be interpreted as a measure of the welfare cost incurred by households. A hedonic pricing function is used to estimate such changes based on the destruction experienced by the dwellings themselves, but also on the overall destruction suffered by their surrounding areas. The first element captures the damage from worse living conditions, whereas the second captures the loss from diminished earnings opportunities and access to services. The proposed approach is illustrated by estimating the cost of the 2015 Gorkha earthquakes in Nepal. Overall, the estimated impact is comparable to that from the official assessment. But its spatial distribution is significantly different due to the pivotal influence of neighborhood effects
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  • 13
    Language: English
    Pages: 1 Online-Ressource (32 pages)
    Parallel Title: Erscheint auch als Fiuratti, Frederico Are Regional Fiscal Multipliers on EU Structural and Investment Fund Spending Large? A Reassessment of the Evidence
    Keywords: Agriculture ; Covid-19 Economic Recovery Package ; Environment ; EU Economies ; European Union ; Finance and Financial Sector Development ; Financial Crisis Management and Restructuring ; Fiscal Multiplier ; Green Issues ; Monetary Union ; Short-Term Regional Fiscal Stimulus ; Social Risk Management ; Sustainable Green Growth
    Abstract: The European Commission's "NextGenerationEU" COVID-19 recovery package has underscored interest in the size of regional fiscal multipliers in Europe. While the objective of these funds is the long-term transformation toward more sustainable green growth and digitalization in EU economies, several recent papers have also focused on their short-term stimulatory effects and have estimated large short-term regional multipliers on historical EU structural and investment fund spending. This has contributed to a view that EU funds can boost growth substantially not only in the long term, but also in the short term in countries receiving large flows, particularly in Central and Eastern Europe. This paper reevaluates the evidence by estimating regional short-term multipliers using recent data on EU fund spending and a leave-one-out predicted disbursement schedule instrument. In contrast with much of the recent literature, there is little evidence of large relative GDP multipliers at either the national or subnational level in the short term. This is despite a strong response of regional investment to EU funds, which often increases euro for euro. The results suggest that expectations should be tempered on using EU structural and investment funds as a tool for short-term regional fiscal stimulus, and instead policy makers may want to focus on the long-term benefits of EU funds, in line with their original purpose
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  • 14
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Economic Updates and Modeling
    Keywords: Economic Growth ; Gender ; Gender and Development ; Gulf Cooperation Council (GCC) ; Macroeconomics and Economic Growth ; Saudi Arabia ; Women ; Women and Labor
    Abstract: The Gulf Cooperation Council (GCC) economies have been a bright spot in an otherwise gloomy economic landscape. Average growthin the GCC surpassed 7 percent in 2022 led by Saudi Arabia, its biggest economy, which was globally the fastest growing large economy. This growth was not just a result of buoyant hydrocarbon prices but also continued growth of non-oil sectors. The latter was the result of persistent structural reforms undertaken by several GCC countries to improve the investment environment, promote flexible labor markets, and encourage women to join the labor market. GCC countries have used the windfall revenues from oil and gas to rebuild their buffers, pay down their debt, and shore-up their sovereign wealth funds. They have also sought to protect their vulnerable populations with continued subsidies on food, fuel, and utilities. Such policies have limited the impact of inflation on the domestic economy. Finally, GCC countries have also used their financial muscle to support economically weaker countries in the region. The stellar growth of 2022 is slowing down and growth is expected to moderate to 1 percent in 2023 before picking up again to 3.6 percent in 2024. The decline in economic activity in 2023 is driven by consecutive production cut decisions by OPEC+ in an effort to stabilize global oil prices. However, non-oil GDP continues its growth trajectory reaching 3.9 percent, resulting weaker integration between oil and non-oil sectors. To maintain this track record, GCC countries will need to continue to exercise prudent macroeconomic management, stay the course with structural reforms, and increase non-oil exports. Downside risks remain and it would be amiss not to mention them. The conflict in the Middle East presents major risks to the region and the GCC outlook if it extends or expands to include other regional players. While it is too early to quantify the impact and channels of the conflict, we already witness a 4 percentsurge in global oil futures. Although China is bouncing back after emerging from tight Covid-19 lockdowns, troubles in the real estate sector could still disrupt this trajectory. Persistent high inflation in the world's major economies has not been entirely vanquishedsuggesting a high interest rate environment for a longer period. Windfall revenues are anticipated as a result of higher oil prices driven by the conflict in the Middle East. However, the extent and duration of the conflict will play a pivotal role in determining economicramifications not only on energy markets but also on regional financial and trade markets and overall economic confidence. The Special Focus section of the report discusses the power of structural reforms and social norms in advancing female labor force participation in Saudi Arabia. Saudi Arabia experienced an unprecedented surge in female labor force participation since 2016 as a result of: (i) changing regulations and the removal of legal barriers, shifting social norms, (ii) the implementation of sound structural reforms and (iii) effective government communications. Saudi Arabia's success in increasing female labor force participation from 17.4 percent in 2017 to 36 percent in 2023 offers important lessons to other countries in the region and the world
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  • 15
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Risk and Vulnerability Assessment
    Keywords: Conflict and Development ; Damages ; Earthquake ; Environment ; Grade Methodology ; Herat Province ; Natural Disasters
    Abstract: Following the Herat province (Western Afghanistan) earthquake sequence of October 7 to 15, 2023, the World Bank carried out a remote desk-based assessment of the physical damages using the Global RApid post-disaster Damage Estimation (GRADE) methodology. The objective of the assessment is to develop a model-based estimate of the direct physical (economic) damages to residential buildings (houses), non-residential buildings (e.g., education, health, worship, commercial, industrial assets) and infrastructure (e.g., transport, power, water, telecommunications), and to evaluate the spatial distribution of damages in order to support the development of a roadmap for recovery and reconstruction. This report summarizes the key findings of the assessment
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  • 16
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Energy Study
    Keywords: Anchoring and Mooring ; Energy ; Energy Resources Development ; Energy Yield ; Environment ; Environment and Energy Efficiency ; Floating Solar Photovoltaics ; FSPV Ecosystem ; HSE ; Inverter ; Power Plants
    Abstract: This report builds a compelling case for India to look beyond land and institute an ecosystem that supports the installation and operationalization of floating solar photovoltaics (FSPV) power plants. Since these plants are installed on the underutilized surfaces of large water bodies, no land needs to be diverted from other uses. The installation of FSPVs also spurs job creation and catalyzes the development of a domestic value chain as some of the components, such as floaters, need to bemanufactured close to installation sites. They also provide a range of other benefits as they generate relatively more power than ground-mounted solar plants (due to the cooling effect of water) and better utilize shared infrastructure such as transmission systems, wherever available
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  • 17
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Risk and Vulnerability Assessment
    Keywords: Adaptation to Climate Change ; Climate Change Adaptation ; Environment ; Mena ; Natural Disasters ; Risk Management
    Abstract: The Algeria Disaster Risk Management Diagnostic was developed as part of World Bank technical assistance to the Algerian government. The diagnostic offers a concise overview of the country's disaster risk profile, delves into the macroeconomic implications of disasters, outlines Algeria's advancements in disaster risk management (DRM), and highlights ongoing challenges within the DRM sector. This report aims to provide a comprehensive analysis of Algeria's DRM sector and identify key priority areas to enhance the country's resilience. This diagnostic was developed through a robust partnership between the World Bank and the National Delegation for Major Risks (DNRM) under the Algerian Ministry of Interior, Local Authorities and Territorial Development (MICLAT) from 2021 to 2023. It represents the culmination of an extensive review of over 500 documents, a comprehensive multi-stakeholder consultation workshop conducted in July 2021, and bilateral interviews held between March and October 2021 with the DNRM and all DRM stakeholders in Algeria. An initial version was completed in November 2021, which was further refined in 2022 and 2023 based on feedback received from Algerian counterparts through additional discussions, email correspondences, and recommendations from World Bank experts
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  • 18
    Language: English
    Pages: 1 Online-Ressource (37 pages)
    Parallel Title: Erscheint auch als Bauer, Adam Michael How Delayed Learning about Climate Uncertainty Impacts Decarbonization Investment Strategies
    Keywords: Adjustment Costs ; Carbon Policy and Trading ; Carbon Price ; Climate Change and Environment ; Climate Change Mitigation and Green House Gases ; Climate Risk ; Environment ; Green Investment ; Stochastic Modeling
    Abstract: The Paris Agreement established that global warming should be limited to "well below" 2?C and encouraged efforts to limit warming to 1.5?C. Achieving this goal presents a significant challenge, especially given the presence of (i) economic inertia and adjustment costs, which penalize a swift transition away from fossil fuels, and (ii) climate uncertainty that, for example, hinders the ability to predict the amount of emissions that can be emitted before a given temperature target is passed, which is often referred to as the remaining carbon budget. This paper presents a modeling framework that explores optimal decarbonization investment strategy when both delayed learning about the remaining carbon budget and adjustment costs are present. The findings show that delaying learning about the remaining carbon budget impacts investment in three ways: (i) the cost of policy increases, especially when adjustment costs are present; (ii) abatement investment is front-loaded relative to the certainty policy; and (iii) the sectoral allocation of investment changes to favor declining investment pathways rather than bell-shaped paths. The latter effect is especially pronounced in hard-to-abate sectors, such as heavy industry. Each of the effects can be traced back to the carbon price distribution inheriting a "heavy tail" when the remaining carbon budget is learned later in the century. The paper highlights how climate uncertainty and adjustment costs combined result in a more aggressive least-cost strategy for decarbonization investment
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  • 19
    Language: English
    Pages: 1 Online-Ressource (46 pages)
    Parallel Title: Erscheint auch als Behrer, Arnold Patrick In Most Low- and Middle-Income Countries Pollution Levels Are Higher in Wealthier Areas
    Keywords: Air Pollution ; Air Quality and Clean Air ; Ambient Air Pollution ; Economic Concentration ; Environment ; Large Cities ; Pollution Management and Control ; Urban Environment
    Abstract: Air pollution is a major threat to health, and the dangers are particularly acute in low- and middle-income countries. However, little is known about how the burden of pollution is spread across the wealth distribution in these countries. This paper uses new data providing high-resolution wealth estimates for more than 100 low- and middle-income countries, combined with equally high-resolution estimates of air pollution, to estimate how wealth is correlated with ambient air pollution around the world. The findings show that on average air pollution is positively correlated with wealth, but the relationship is highly heterogeneous across countries. The fact that air pollution and wealth are both disproportionately high in urban areas, where economic activity is largely concentrated, appears to drive this relationship. When the analysis is limited to anthropogenic sources of pollution, the relationship becomes less heterogeneous and more systematically positive. The paper also examines the relationship between pollution exposure and wealth within large cities around the world. Again, the findings show substantial heterogeneity across cities. The paper explores several hypotheses for this heterogeneity but does not find a single explanation. Economic concentration within cities appears to explain some of the relationship. Cities with more concentrated economic opportunity tend to have more positive correlations between pollution and wealth
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  • 20
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Energy Study
    Keywords: Adaptation to Climate Change ; Decarbonization ; Energy ; Energy Transition ; Environment ; Gas Security ; Renewable Energy ; Urban Development
    Abstract: Since February 2022, geopolitical events have made clear Europe's need to diversify its energy sources and avoid excessive dependence on fossil fuel imports. The drop in Russian natural gas flows to Europe in 2022 marked the single largest supply shock in the history of global gas markets. It caused a significant increase in prices of electricity and heating services for consumers across the continent. With Europe's high reliance on imported natural gas, reestablishing energy security is a paramount objective. But how security can be achieved is subject to many uncertainties. Although Central Asia is not as dependent on gas imports as other parts of the World Bank's Europe and Central Asia (ECA) region, it has not been spared an energy crisis. Chronic underinvestment and the harshest winter conditions in decades resulted in significant blackouts in power and heating during the winter of 2022/23. -- This report analyzes the implications of the 2022/2023 energy crises over the short and long term, observing possible energy scenarios through 2060 in the Bank's ECA region and examining three key questions: -- What is the state of energy security in ECA in the wake of recent geopolitical events? -- What will it take to decarbonize the ECA energy system? -- What are the main uncertainties?
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  • 21
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Other Urban Study
    Keywords: Energy ; Energy Efficiency ; Energy Production and Transportation ; Environment ; Environment and Natural Resource Management ; Finance and Development ; Finance and Financial Sector Development ; Human Development and Gender ; Private Sector Development
    Abstract: In December 2021, the Royal Government of Cambodia (RGC) published Cambodia's Long-Term Strategy for Carbon Neutrality (LTS4CN), which outlines the country's vision in achieving a carbon-neutral economy by 2050. As part of the long-term strategies to achieve net-zero emissions, the RGC set targets for decarbonizing the transportation sector through a combination of measures, including electrifying 70 percent of motorcycles, and 40 percent of cars and urban buses by 2050. It also aims to have 30 percent of mode share by public transport in cities by 2050
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  • 22
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Other Health Study
    Keywords: CHVA ; Climate and Health ; Climate Change Adaptation ; Climate Change and Health ; Climate Change Impacts ; Environment ; Health Risks ; Health, Nutrition and Population ; Vulnerability
    Abstract: The objective of this Climate and Health Vulnerability Assessment (CHVA) is to assist decision-makers in Colombia with planning effective adaptation measures to deal with climate-related health risks. This assessment includes sub-national considerations for health-related climate action (see Annex A for the methodology). Sub-national considerations are given for Colombia's 32 departments (see Figure 1). It also incorporates data from a Climate and Health Economic Valuation conducted by the World Bank to estimate of the potential economic costs of health impacts arising from projected changes in temperature and precipitation (see Annex B for the methodology). The findings from this CHVA are organized under four sections. Section I characterizes the climatology in Colombia, highlighting observed and projected climate exposures relevant to health. Section II describes key climate-related risks to health, including nutrition and food security, vector-borne diseases (VDBs), water-borne diseases, increasing temperatures, air quality, and zoonotic diseases. Section III analyzes the adaptive capacity and readiness of Colombia's health system to prevent and manage climate-related health risks. Recommendations are discussed in Section IV
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  • 23
    Language: English
    Pages: 1 Online-Ressource (59 pages)
    Parallel Title: Erscheint auch als Trinh, Trong-Anh Does Global Warming Worsen Poverty and Inequality? An Updated Review
    Keywords: Chronic Poverty ; Climate Change ; Climate Change Economics ; Climate Change Mitigation and Green House Gases ; Environment ; Global Warming ; Inequality ; Macroeconomics and Economic Growth ; Poverty ; Transient Poverty
    Abstract: This paper offers an updated and comprehensive review of recent studies on the impact of climate change, particularly global warming, on poverty and inequality, paying special attention to data sources as well as empirical methods. While studies consistently find negative impacts of higher temperature on poverty across different geographical regions, with higher vulnerability especially in poorer Sub-Saharan Africa, there is inconclusive evidence on climate change impacts on inequality. Further analysis of a recently constructed global database at the subnational unit level derived from official national household income and consumption surveys shows that temperature change has larger impacts in the short term and more impacts on chronic poverty than transient poverty. The results are robust to different model specifications and measures of chronic poverty and are more pronounced for poorer countries. The findings offer relevant inputs into current efforts to fight climate change
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  • 24
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Other ESW Reports
    Keywords: Co-Evolutionary Framework ; Diversification ; Economic Growth ; ICT Policy and Strategies ; Information and Communication Technologies ; Macroeconomics and Economic Growth ; Principle Of Relatedness ; Technology-Based
    Abstract: This research examines the diversification process by conceptualizing a co-evolutionary framework linking production and technology. The study applies the framework to retrospectively explain Korea's successful diversification path and to Viet Nam to identify how the country could further diversify into complex and value-added products. The authors apply relatedness analysis leveraging patent and trade data and present four different types of diversification patterns, namely unrelated diversification, production-based diversification, technology-based diversification, and complex diversification. Developed countries including Korea shifted toward technology-based or complex diversification strategies as their economies developed. Using a simulated scenario approach, the report outlines potential future trajectories wherein Viet Nam attains technological capabilities. The result shows that Viet Nam can diversify into 233 products if it accumulates capabilities in the 12 identified technologies. The report concludes with policy lessons that could inform policy makers in Viet Nam as well as other developing economies. Namely, that the country would need to invest more intensively in technology and capabilities upgrading to diversify into new complex products and evolve its diversification strategy alongside its economic growth and capability building process
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  • 25
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Risk and Vulnerability Assessment
    Keywords: Access To Finance ; CPGA ; Environment ; Finance and Financial Sector Development ; Financial Preparedness ; Natural Disasters ; Primary Response ; Risk ; Social and Livelihood Support ; Social Protections and Assistance ; Social Protections and Labor
    Abstract: Crisis preparedness is cral to preventing shocks from becoming crises. Investments in ex ante preparedness are especially relevant in countries like Nepal that face high levels of exposure and vulnerability to a range of risks. In seeking to identify opportunities to strengthen the Government of Nepal's (GoN's) capacity to prepare for crisis events in an effective and timely manner, this Technical Annex presents findings from the application of the Crisis Preparedness Gap Analysis (CPGA) diagnostic in the country. It provides details on findings and entry points across the five componnts of crisis preparedness. For a summary, please refer to the accompanying CPGA Nepal Briefing Note. Following a brief description of the CPGA methodology, the Technical Annex presents a summary of findings from each CPGA component alongside identification of entry points and opportunities to strengthen crisis preparedness in the country. To provide a holistic assessment of preparedness, the CPGA focuses on five core components of crisis preparedness. These are (i) Legal and Institutional Foundations, (ii) Understanding and Monitoring Risks, (iii) FinancialPreparedness, (iv) Primary Response, and (v) Social and Livelihood Support
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  • 26
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Other Environmental Study
    Keywords: Artisanal Coastal Fleet ; Blue Cabotage ; Blue Economy ; Blue Tourism ; Coastal and Marine Environment ; Environment ; Investment Projects ; STP
    Abstract: The Democratic Republic of Sao Tome e Principe (STP) is the smallest independent island state in Africa, having gained independence in 1975, following the Seychelles. STP has a predominantly young population. However, as an island micro-state, the country faces many development problems specific to islands and small countries, such as weak governance capacity, the inability to provide basic services to the population, and a lack of adequate infrastructure (ports, electricity, airports). Additionally, high production and distribution costs of goods and services, including food products, exacerbate the poverty level of the population. The virtually nonexistent corporate structure and undiversified, highly dependent economy make the country vulnerable to exogenous shocks. To address these challenges, STP developed and adopted a Transition Strategy for the Blue Economy in December 2019. This strategy aims to establish the coherence of public policies linked to oceanic resources with the policies of other sectors, such as fisheries and aquaculture, tourism, and energy. The purpose of this paper is to consolidate the analysis of the three investment projects prioritized for inclusion in the National Investment Plan for the Blue Economy. While the report does not imply endorsement of these projects by the World Bank and Food and Agriculture Organization of the United Nations (FAO), its primary objective is to illuminate the drivers of cost and benefit associated with the priorities already identified by the government of Sao Tome e Principe
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  • 27
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Country Climate and Development Reports (CCDRs)
    Keywords: Adaptation To Climate Change ; Climate Change Adaptation ; Economic Growth ; Environment ; Finance ; Inlcusive Growth ; Macroeconomics and Economic Growth ; Poverty Reduction ; Resilience
    Abstract: This Country Climate and Development Report (CCDR) examines Liberia's development trajectory through the lens of the country's vulnerability to climate change. It identifies Liberia's development risks and opportunities, models various scenarios of climate impact and intervention, and proposes ways to strengthen resilience and finance climate actions that support Liberia's development aspirations of inclusive growth and poverty reduction
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  • 28
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource (44 pages)
    Parallel Title: Erscheint auch als Assem Mohammed G Hassan Ahmed, Hoda Stages of Diversification Redux
    Keywords: Development Trajectories ; Economic Concentration ; Economic Diversification ; Economic Growth ; Macroeconomics and Economic Growth ; Resource Poor Countries ; Resource Rich Countries
    Abstract: The existing literature on development and economic diversification finds an inverted-U function between these two variables, whereby economies diversify as they grow up to a point, after which they start specializing. This paper contributes to this literature by investigating the stages of diversification over the course of development during the past 57 years. The paper emphasizes the trajectories of resource-rich and resource-poor countries, an issue that has not been covered by the extant literature. In addition, the paper studies the stages of diversification across three dimensions, namely employment, value-added, and exports. Additionally, it examines the relationship for services. Non-parametric estimations suggest a U-shaped curve between measures of economic concentration and per capita income levels, which is in line with existing evidence. However, these patterns are mainly driven by between-country rather than within-country variation, a finding that had been ignored in the existing literature. Diversification patterns also differ across resource-rich and resource-poor countries: Employment and value added in resource-rich countries are on average more concentrated at low levels of development while in resource poor countries, they are more concentrated at high levels of development. In contrast, at all levels of development, exports are more concentrated in resource-rich countries
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  • 29
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource (43 pages)
    Parallel Title: Erscheint auch als Letta, Marco Climate Immobility Traps: A Household-Level Test
    Keywords: Adaptation ; Adaptation To Climate Change ; Causal Forests ; Climate Change Impacts ; Climate Migration ; Environment ; Finance and Financial Sector Development ; Household Data ; Housing Finance ; Immobility Traps
    Abstract: The complex relationship between climate shocks, migration, and adaptation hampers a rigorous understanding of the heterogeneous mobility outcomes of farm households exposed to climate risk. To unpack this heterogeneity, the analysis combines longitudinal multi-topic household survey data from Nigeria with a causal machine learning approach, tailored to a conceptual framework bridging economic migration theory and the poverty traps literature. The results show that pre-shock asset levels, in situ adaptive capacity, and cumulative shock exposure drive not just the magnitude but also the sign of the impact of agriculture-relevant weather anomalies on the mobility outcomes of farming households. While local adaptation acts as a substitute for migration, the roles played by wealth constraints and repeated shock exposure suggest the presence of climate-induced immobility traps
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  • 30
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource (20 pages)
    Parallel Title: Erscheint auch als Karayalcin, Cem Environmental Policy under Weak Institutions
    Keywords: Climate Change ; Development ; Environment ; Environmental Economics and Policies ; Environmental Policy
    Abstract: Developing countries are facing mounting pressures to incorporate environmental concerns into their policy reform agendas. This paper finds that common environmental policies, such as levying taxes to reduce the excessive exploitation of natural assets, can be self-defeating when (i) institutions are weak and (ii) the general equilibrium effects of such policy actions are overlooked. This seemingly paradoxical result is driven by fundamental mechanisms in structural transformation frameworks, without the need for strong assumptions. It also carries a clear policy implication: environmental policies should be considered within a country's broader development context, rather than in isolation
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  • 31
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Mobility and Transport Connectivity
    Keywords: Adaptation To Climate Change ; Carbon Emissions and Transport ; Climate Change Mitigation and Green House Gases ; Environment ; Green Growth ; Rail Greenhouse Gas Analysis ; Railways ; Transport ; Urban Development
    Abstract: Railways are a low carbon way to access opportunities and move goods to markets. To realize the benefits of railways in low-and middle-income countries (LMICs), an estimated USD 25-80 billion of investment annually will be needed. Many organizations and investors want to support green activities and a variety of climate finance sources and instruments have been developed todo just that. However, railways have had limited success in accessing climate specific financing instruments. This report examines the experience in attracting financing from climate-specific financing instruments of railways in LMICs. The review encompasses private sector climate finance, whose resources could potentially meet the entire rail financing gap, as well as carbon markets, and other results-based climate finance and climate funds
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  • 32
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: IEG Independent Evaluations and Annual Reviews
    Keywords: Adaptation To Climate Change ; Economic Growth ; Environment ; Gender ; Gender and Development ; Gender and Law ; Gender Based Violence ; Gender Equality ; Macroeconomics and Economic Growth ; Nonextractive Sectors ; Resilience
    Abstract: Papua New Guinea has abundant resources in the form of oil and mineral wealth. But a complex set of factors, including systemic gender inequality, underinvestment in non-extractive sectors, and fragility compounded by vulnerability to disasters caused by natural hazards act as barriers to sustainable and inclusive growth of the country. This Country Program Evaluation (CPE) report assesses the relevance and effectiveness of World Bank Group support to Papua New Guinea between fiscal year FY08 and FY23. It assesses the Bank Group's development effectiveness in addressing the above three core themes, namely: (i) lack of investment in Papua New Guinea's non-extractive sectors and their poor performance, (ii) the economic exclusion of women and gender-based violence (GBV) issues associated with it, and (iii) unmitigated risks of disaster from natural hazards, and violence, and conflict. The report answers three specific questions. The first explores the extent to which the Bank Group adapted its engagement in line with key constraints, including in relation to development partners, changes in country context, and lessons from experience. The second focuses on the results of Bank Group support and explanatory factors for results under each them, answered by applying a gender lens where relevant. The third question explores the extent to which the Bank Group successfully identified and addressed conflict, violence, and disaster from natural hazards risks. The report offers key lessons to inform the World Bank Group's future engagement with the country: (i) Data gaps need to be addressed to inform sound policy making and effective programming in Papua New Guinea. (ii) Declining governance quality and increasing bilateral aid will require the World Bank to reassess how it supports key policy reforms to achieve development impact, including through using DPOs. (iii) The Bank Group could elevate its impact on gender equality and GBV by shifting from a project-centric approach to a strategic country engagement approach. (iv) The negative effects that compound and interrelated risks pose to achieving development aims need to be addressed more comprehensively
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  • 33
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Risk and Vulnerability Assessment
    Keywords: Conflict and Development ; Disaster Management ; Earth Observation ; Environment ; ICT Applications ; ICT Data and Statistics ; Information and Communication Technologies ; Natural Disasters ; Natural Hazards ; World Settlement Footprint (WSF)
    Abstract: Earth observation is a crucial source of accurate and up-to-date information of Earth's natural and manmade environments that are critical when planning for, responding to, and mitigating the effects of natural hazards. Satellites that regularly collect images of the entire globe combined--with machine learning algorithms to process them more efficiently--have the potential to provide timely, standardized, verifiable, and scalable information. This report focuses on the use of Earth observation to identify built-up areas exposed to natural hazards. It describes the World Settlement Footprint (WSF) suite of derived datasets, developed by the German Aerospace Center (DLR) in collaboration with the European Space Agency (ESA), the Google Earth Engine team, and the World Bank. These gridded datasets capture the extent of built-up areas from 1985-2015 and again for 2019, estimated building heights, impervious surfaces, and estimated population. Earth observation derived information is particularly useful for standardized and recurring World Bank operations. The report looks at several World Bank operations, and the key insights provided through analysis incorporating the various WSF suite products
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  • 34
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Other ESW Reports
    Keywords: Adaptation To Climate Change ; Climate Change ; Development Economics and Aid Effectiveness ; Environment ; IDA19 ; Macroeconomics and Economic Growth ; Rating System ; Resilience ; RRS
    Abstract: In response to the growing recognition that measuring inputs, such as climate finance, is not enough to capture the impacts of investments, the World Bank Group developed the Resilience Rating System (RRS). Developed over a two-year, multi-sectoral consultative process through close collaboration with internal and external actors, the RRS methodology aims to guide investment decisions and improve climate resilience in project design and outcomes. The methodology report is publicly available. The RRS evaluates and rates investment projects from C to A+, based on their resilience attributes in two complementary dimensions. The resilience of rating considers a project's design, reflecting the confidence that it will achieve its expected objectives and maximize development benefits in the face of climate and disaster risks. The resilience through rating considers a project's outcomes and reflects its contribution to improving climate resilience in the broader community, sector and systems, and to driving transformational adaptation. Combining the two dimension ratings provides an overall project rating, from CC to A+A+
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  • 35
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Public Environmental Expenditure Review
    Keywords: Access To Finance ; Adaptation To Climate Change ; Blended Concessional Finance ; Clean Energy ; Climate Investments ; Climate-Smart Agriculture ; Environment ; Finance and Financial Sector Development ; Green Housing ; Solar Power ; Waste-To-Energy
    Abstract: The document collection focuses on the concept of blended finance for climate investments, emphasizing the need for innovative financial mechanisms to address climate change. It discusses the potential of blending public and private capital to mobilize investment in climate-related projects, aiming to achieve both environmental and financial returns. The collection explores various models and case studies to demonstrate the effectiveness of blended finance in driving sustainable development and combating climate change on a global scale
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  • 36
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Policy Notes
    Keywords: Adaptation To Climate Change ; Climate Resilient Transport ; Decarbonization ; Environment ; Green Growth ; Infrastructure Economics ; Infrastructure Economics and Finance ; Road and Bridge Infrastructure
    Abstract: At five percent of energy emissions, transport is one of the major contributors to greenhouse gas (GHG) emissions in Indonesia. The rapid growth in vehicle fleet-personal passenger vehicles in particular is driving road transport emissions. Indonesian cities are suffering from severe congestion, air quality issues, and increasing numbers of road accidents and fatalities. Private transport dependence is increasing in Indonesian cities. The growth in Indonesia's urban population has led to a growth in urban area boundaries, suboptimal spatial patterns, and increased travel distances. The availability and quality of public transport is highly deficient and largely left to fragmented unorganized players with old and poorly maintained minivans (angkot). Electric vehicle mobility has been identified as a major prospective area of development for Indonesia. The market response has been timid so far and, despite the government electrification plans, the EV market uptake as a fraction of total vehicle sales is small Large gains in both economic development and climate mitigation benefits are possible through a more structured approach towards urban mobility
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  • 37
    Language: English
    Pages: 1 Online-Ressource (28 pages)
    Parallel Title: Erscheint auch als Triyana, Margaret Climate Shocks and the Poor: A Review of the Literature
    Keywords: Climate Change ; Climate Change and Environment ; Distributional Impact ; Environment ; Environmental Economics and Policies ; Meta Analysis ; Natural Disasters ; Poverty
    Abstract: There is a rapidly growing literature on the link between climate change and poverty. This study reviews the existing literature on whether the poor are more exposed to climate shocks and whether they are more adversely affected. About two-thirds of the studies in our analyzed sample find that the poor are more exposed to climate shocks than is the rest of the population and four-fifths of the studies find that the poor are more adversely affected by climate shocks than is the rest of the population. Income and human capital losses tend to be concentrated among the poor. These findings highlight the potential long-term risk of a climate-change induced poverty trap and the need for targeted interventions to protect the poor from the adverse effects of climate shocks
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  • 38
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource (36 pages)
    Parallel Title: Erscheint auch als Rexer, Jonah Climate Change Adaptation: What does the Evidence Say?
    Keywords: Adaptation To Climate Change ; Climate Change Adaptation ; Climate Change Impacts ; Diversification ; Environment ; Meta-Analysis ; Public Goods ; Reallocation ; Technology Adoption ; Transfers
    Abstract: Adapting to climate change is an increasingly urgent policy priority in lower- and middle-income countries. This systematic review summarizes the current state of the literature on adaptation to climate change, and conducts a quantitative meta-analysis of the effectiveness of climate adaptation. The meta-analysis reveals that observed adaptations offset 46 percent of climate losses on average, with firms using more effective adaptation strategies than households and farmers. The review identifies several key lessons. First, purely private adaptations to climate shocks tend to be less effective than those from public infrastructure and services, although neither by itself is generally sufficient to fully offset the effects of climate change. Second, some adaptations may reduce climate losses in the present, but in the long-run, households, firms, and farmers might be better-served by reducing their climate exposure. Third, the literature tends to focus on adaptation by households and farmers, neglecting firms. Finally, productivity losses from climate shocks may be offset if capital and labor can adjust across sectors and locations, but constraints on these reallocations have not been sufficiently studied
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  • 39
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Private Sector Development, Privatization, and Industrial Policy
    Keywords: Access To Finance ; Business Environment ; Conflict ; Conflict and Development ; Economic Growth ; Finance and Financial Sector Development ; Fragile States ; Private Sector ; Private Sector Development
    Abstract: This Private Sector Assessment Report on the Republic of Yemen is delivered as part of the Private Sector Technical Assistance project. The goal of the project is to understand the dynamics of the country's private sector during conflict; identify constraints to trade, investment, and finance; and propose recommendations for inclusive private sector entry, survival, and growth. The report also includes an overview of the financial sector's impact on the private sector, especially on the latter's resilience during conflict. Finally, the report provides structural and policy recommendations that, once implemented by the authorities on both national and subnational levels, would prepare the Yemeni private sector to participate in the country's post-conflict recovery and reconstruction
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  • 40
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Other Environmental Study
    Keywords: Environment ; Environmental Protection ; Policies ; Pollution ; Solid Waste ; Waste Management ; Water Supply and Sanitation
    Abstract: Today the world faces unprecedented challenges in waste management while the state of the municipal waste management sector globally is a matter of concern. To reverse current trends related to waste generation, pollution, and resource management, active collaboration between the various waste actors including governments, civil society, and the private sector will be required along with sustained behavior change. This compendium is designed to help decision-makers - including policy makers, policy professionals, and practitioners-investigate, understand, and respond to waste management challenges in their communities through interventions considering a behavioral science lens. The document contains short case studies that uncover and highlight where and what behavioral tools were applied along three main challenges, that is, getting people to generate less waste, getting people to use waste services, and getting people to be more sustainable with their waste
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  • 41
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource (41 pages)
    Parallel Title: Erscheint auch als Giuliano, Fernando The Macroeconomic Impact of Climate Shocks in Uruguay
    Keywords: Climate Change ; Climate Change Impacts ; Climate Shocks ; Droughts ; Econometrics ; Economic Forecasting ; Environment ; Environmental Disasters and Degradation ; Floods ; Macro-Structural Model ; Macroeconomics and Economic Growth
    Abstract: Uruguay is an economy that is vulnerable to precipitation patterns, as evidenced during the country's historic 2022/23 drought. Yet, and despite its rich macroeconomic and climate data environment, the country does not have a consistent macroeconomic model to address the aggregate impact of climate shocks, let alone the expected additional impact from climate change. This paper intends to fill this gap by integrating climate shocks into the World Bank's Macro-Fiscal Model, its workhorse structural macroeconomic projection model. Building on existing country studies on the sectoral effects of droughts and floods, the analysis finds that the volatility of a simulated Uruguayan economy only subject to historical climate shocks reaches 22 percent of the historical volatility of gross domestic product. Moreover, as climate shocks are only one of many shocks that can simultaneously affect an economy, incorporating exogenous macroeconomic shocks into historical climate shocks exacerbates volatility and increases potential losses. Gross domestic product can fall by 2.3 percent under a combined negative climate and macroeconomic shock of the type witnessed once every six years on average, and 4.1 percent under a once-in-40-years combined negative shock. Climate change compounds these effects going forward, worsening the magnitude of the downside risks from droughts by between 18 and 30 percent, although estimates incorporating climate change are subject to large uncertainty. The order of magnitude of these effects calls for a more systematic consideration of climate shocks in macroeconomic projections and fiscal risk assessments for Uruguay
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  • 42
    Language: English
    Pages: 1 Online-Ressource (28 pages)
    Parallel Title: Erscheint auch als Coulibaly, Mohamed Responsibility Sharing and the Economic Participation of Refugees in Chad
    Keywords: Adaptation To Climate Change ; Climate Change ; Communities and Human Settlements ; Disaster Risk Management ; Environment ; Flood and Drought Risk Management ; Human Migrations and Resettlements ; Natural Resources Management ; Poverty Assessment ; Poverty Reduction
    Abstract: The Global Compact on Refugees recognizes the importance of responsibility sharing for hosting, protecting, and assisting refugees, while emphasizing the potential of economic participation to reduce the cost of humanitarian assistance. This note explores the relative importance of aid in caring for refugees hosted in Chad and the importance of the incomes earned by the refugees. It finds that the combination of aid and self-earned incomes falls far short of a minimum standard of living (the poverty line) as a consequence of which the vast majority of refugees lives in abject poverty. It is also finds that although refugees are hosted in camps with relatively few economic opportunities, self-generated income covers 54 percent of the poverty line and aid only 14 percent. As Chad has adopted a policy of refugee inclusion and dispersion, the note then explores how much these progressive policies might increase the income earning potential of refugees. This is found to be substantial. Economic participation policies are estimated to reduce refugee poverty from 88 to 50 percent (thus increasing the self-sufficiency of refugees dramatically), while increasing the incomes generated by poor refugees by more than 50 percent. The greatest participation benefits will be realized when refugees move to areas with more economic potential
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  • 43
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Other Environmental Study
    Keywords: Access To Finance ; Ecosystem Restoration ; Environment ; Environmental Protection ; Finance and Financial Sector Development ; Financing Needs ; Nature Loss ; Private Sector Development ; Private Sector Economics ; Private Sector Investment
    Abstract: Ecosystem restoration is critical to the global ambition of halting and reversing nature loss. Tremendous efforts have been deployed globally to conserve the remaining rainforests, grasslands, rivers and lakes, reefs and mangroves, and other ecosystems that are critical for safeguarding biodiversity and the ecosystem services that humanity depends on. However, the extent of environmental degradation is such that recovering the productivity of ecosystems where it has been lost is equally important - for nature, communities, and economic sectors. While restoration is often viewed as the purview of the public sector, this report demonstrates opportunities for private sector investment. It aims to shift the perception that restoration finance is limited to grant funding from domestic and international public sources only. Drawing on case studies, it highlights the investment drivers and entry points for private finance in restoration projects. The financing models presented also point to opportunities for replication and scaling. This report is a product of the Finance Task Force of the United Nations Decade on Ecosystem Restoration, an initiative led by the United Nations Environment Program and the Food and Agriculture Organization of the United Nations. The United Nations Decade aims to drive the restoration of one billion hectares of degraded land between now and 2030. The role of the Finance Task Force, chaired by The World Bank, is to catalyze action that can contribute to unlocking the capital needed to meet the United Nations Decade's goals
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  • 44
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Other Social Protection Study
    Keywords: Data Development and Gender ; Economic Growth ; Employment and Unemployment ; Human Development and Gender ; Labor Market Policy and Programs ; Macroeconomics and Economic Growth ; Poverty Reduction ; Social Development and Poverty ; Social Protection Delivery Systems ; Social Protections and Assistance ; Social Protections and Labor
    Abstract: The following analytical report summarizes the technical notes and presentations prepared by the World Bank and the Workforce Development Center under the Ministry of Labor and Social Protection of Population of Kazakhstan (MLSPP). These works aimed to support the MLSPP in the preparation of the Concept Plan of Labor Market Development for 2024-2029. The teams analyzed existing barriers and the potential for the creation of quality jobs in Kazakhstan because employment is essential for economic growth, which contributes to reducing poverty. Despite slower economic growth and some institutional challenges, Kazakhstan, nevertheless, has been successful at reducing the poverty rate. The major factor contributing to Kazakhstan's growth has been productivity, regardless of the period. A much lower contribution stems from labor market factors and employment rates. Therefore, the teams focused on how to boost firm productivity to increase the number and accessibility of better jobs, as well as how to develop skills and provide good education to the different groups of the population and prepare people for new and old jobs. Based on the material delivered by the World Bank, the WDC and other local expert groups, the MLSPP was able to draft the Concept Plan of Labor Market Development for 2024-2029, which the Government of Kazakhstan approved on November 28, 2023
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  • 45
    Language: English
    Pages: 1 Online-Ressource (36 pages)
    Parallel Title: Erscheint auch als Rosenow, Samuel Kaspar Turning Risks into Reward: Diversifying the Global Value Chains of Decarbonization Technologies
    Keywords: Climate Change Mitigation and Green House Gases ; Decarbonization ; Decarbonization Technologies ; Energy ; Energy Finance ; Environment ; Export Strength Index ; Global Value Chains ; Net-Zero Emissions
    Abstract: Reaching net-zero emissions by 2050 requires unprecedented scaling up in the global deployment of critical decarbonization technologies, such as solar photovoltaics, wind turbines, and electric vehicles. This challenge is currently rife with both risks and rewards: while securing an adequate supply of these technologies has become an urgent policy priority for many countries, their high-growth global value chains also offer lucrative benefits for those able to meet the burgeoning global demand. Although recent policy responses have sought to nearshore production to reduce risks and capitalize on rewards, this paper instead lays out an evidence-based strategy to help diversify the global value chains of decarbonization technologies across countries with latent production capabilities and resource endowments. To that end, it constructs a new dataset of traded products, components, and materials associated with decarbonization technologies; develops new indexes capturing countries' current export strengths and future diversification potential in these global value chains; and highlights products with supply risks due to high market concentration levels and those with development rewards in terms of their potential for growth, knowledge spillovers, and technological upgrading. Taken together, the evidence supports the idea that there is plenty of opportunity to diversify these value chains across a larger number of countries to avoid the risks associated with reliance on only a few countries
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  • 46
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Other Urban Study
    Keywords: Demographics and Aging ; Economic Development ; Economic Growth and Planning ; Environment ; Environment and Natural Resource Management ; Human Development and Gender ; Macroeconomics and Economic Growth ; Rural Development ; Rural Development Strategy and Policy ; Urban and Rural Development ; Urban Development ; Urban Economic Development
    Abstract: This report begins with an Executive Summary, which introduces the territorial development approach and the rationale for applying it in Lesotho's development context before going on to summarize key takeaways and recommendations. It is followed by four chapters: chapter 1, Introduction, lays out the country context, presenting in brief Lesotho's economic and demographic situation, population projections, governmental structure, and poverty profile and the government's goals. Chapter 2, territorial development framework and analysis in Lesotho, discusses the territorial development approach, its objectives, and the challenges it aims to address before presenting a customized 2 by 2 territorial framework for Lesotho and explaining how it can be applied. Chapter 3, analyzing Lesotho's Challenges through a Territorial Lens, lays out a spatial analysis centering on four development challenges: economic opportunities, internal connectivity and regional integration, access to basic services, and climate preparedness. To highlight the challenges, the chapter includes 4D heat maps linked to density, distance, disparity, and disaster risk. It also summaries case studies and real-life applications of the territorial development approach in Lesotho. Full case studies are in an annex. Chapter 4, recommendations, covers guiding principles and recommendations based on the territorial development approach and analysis
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  • 47
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Other Environmental Study
    Keywords: Carbon Emissions ; Climate Change Mitigation and Green House Gases ; Digitalization ; Energy Footprint ; Environment ; GHG ; ICT Policy and Strategies ; ICT Sector ; Information and Communication Technologies
    Abstract: Digitalization is increasing rapidly worldwide, requiring more energy, and resulting in greenhouse gas (GHG) emissions. According to International Telecommunication Union (ITU) two thirds of the world's population are now online. Estimates of the internet and communication technology (ICT) sector's share of global carbon emissions vary across the literature ranging from 1.5 to 4 percent. Based on the data and estimates in this report at least 1.7 percent of global emissions stem from the ICT sector. Meanwhile, one-third of the world's population, or 2.6 billion people, remain unconnected to the internet. The large majority, about 94 percent, live in low and middle-income countries (LMICs), and less than 20 percent of LMICs have modern data infrastructure, such as co-location data centers and access to cloud computing. Connecting people in these countries will require more infrastructure and devices, which will further increase demand for scarce energy resources and drive emissions even higher if targeted interventions are not implemented. The objective of this report is two-fold. First, the report breaks down the energy and emissions profile of the sector and assesses the 30 highest emitting countries for telecommunications while providing global estimates for other ICT sector segments. The report uses a key framework for categorizing energy use and emissions, the greenhouse gas protocol corporate standard. Second, the report addresses the policy and regulatory implications inferred from this data and the examination of these issues through several country case studies
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  • 48
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Other ESW Reports
    Keywords: Business Environment ; Climate Adaptation ; Environment ; Flood Risks ; Natural Disasters ; Private Sector Development ; Private Sector Resilience
    Abstract: Building resilience to natural disasters is imperative for sustainable private sector development and growth in Malaysia. Floods have been Malaysia's most frequent natural disaster, accounting for 85 percent of all natural disasters since 2000. This report looks holistically at the challenges of adaptation to climate change for businesses, exploring the complementarity among the public sector, the financial sector, and the private sector efforts in managing flood risks. It does so by using a range of complementary analyses that bring together the private sector perspective drawn from a firm-level survey, the financial sector perspective based on a survey of financial institutions (both banks and insurers and takaful operators), along with macro-modelling estimates of the aggregate impacts of future floods. The report concludes with a roadmap for policy action to strengthen private sector resilience and enhance the management of flood risks for businesses, zooming in on policies for the financial sector
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  • 49
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Policy Notes
    Keywords: Adaptation To Climate Change ; Climate Change ; Environment ; Green Goods ; Green Technologies ; Green Trade ; International Economics and Trade ; Low-Carbon
    Abstract: Although Indonesia's economy has diversified over the past decades, natural resource extraction remains a key sector for both the domestic economy as well as international trade. Indonesia's ability to diversify away from primary products, reduce carbon emissions, adapt to climate change, and transition to a low-carbon economy is strongly interlinked with trade and trade policy. To position itself to benefit from the global transition to a non-carbon economy, Indonesia needs to adapt to new sources of international demand, adjust its existing productive capabilities, and cultivate new green industries. This note analyzes the carbon content of Indonesia's trade flows
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  • 50
    Language: English
    Pages: 1 Online-Ressource (244 pages)
    Series Statement: World Bank Latin American and Caribbean Studies
    Parallel Title: Erscheint auch als
    Keywords: Agglomeration Economies ; Economic Growth ; Income Convergence ; Migration ; Trade Costs ; Transport Networks ; Urbanization
    Abstract: The Evolving Geography of Productivity and Employment: Ideas for Inclusive Growth through a Territorial Lens in Latin America and the Caribbean employs a territorial lens to understand the persistently low economic growth rates in Latin America and the Caribbean (LAC). Using new data and methods, it shows that deindustrialization, distance, and divisions offer intertwined explanations for an urban productivity paradox in the LAC region: its highly dense cities should be among the world's most productive, yet they are not. LAC cities have been held back by lack of dynamism, poor connectivity, and divisions into disconnected poor and affluent neighborhoods. Deindustrialization has shifted urban employment, especially in the largest LAC cities, away from manufacturing and toward less dynamic, low-productivity nontradable activities, such as retail trade and personal and other services, that profit less from agglomeration, especially in highly congested cities. Although employment in urban tradable services has risen, the increase has not been strong enough to offset the decline in manufacturing employment. Meanwhile, intercity connectivity issues have undermined the performance of the region's network of cities by restricting market access and firms' ability to benefit from specialization in smaller cities. Within cities, poor connectivity and residential labor market segregation have limited the gains from agglomeration to neighborhoods in central business districts where formal firms operate. Informality has persisted in low-income neighborhoods, where residents face multiple deprivations. By contrast, many agricultural and mining areas have benefited from the strong demand for commodities by China and other fast-growing economies, particularly during the Golden Decade (2003-13), leading to a decline in territorial inequality in most countries in the region. The report concludes that to encourage inclusive growth, countries must more efficiently transform natural wealth into human capital, infrastructure, and institutions and improve the competitiveness of the urban economy. It then sketches out the contours of such a development strategy, identifying policy priorities at the national, regional, and local levels
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  • 51
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Other Urban Study
    Parallel Title: Erscheint auch als Madagascar urbanization review
    Keywords: Adaptation To Climate Change ; City Development Strategies ; Environment ; Government Capacity ; Integrated Approach ; Sustainable Urban Growth ; Urban Development ; Urban Policies ; Urbanization
    Abstract: The Madagascar Urbanization Review aims to: - Contribute to the 2019 National Policy for Urban Development (Politique National de Developpement Urbain), the main policy document outlining the priorities for cities in Madagascar. - Serve as a diagnostic tool to identify the key barriers to sustainable and equitable urban growth in the country - Offer a set of recommended investment priorities and their sequencing, to support governments in making informed decisions on the future development of cities. - Promote an integrated approach to urban development and improve government capacity. - Promote an integrated approach to urban development and improve government capacity. - Help city leaders and national policy makers to: i. Think strategically about the opportunities offered by urbanization; ii. Address key bottlenecks that are holding back the potential benefits of urbanization; iii. Develop plans to address cities' most pressing issues; and iv. Build consensus between the national and local levels to drive the urban policy agenda
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  • 52
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Country Economic Memorandum
    Keywords: Agricultural Growth and Rural Development ; Agriculture ; Economic Growth ; GDP ; High Poverty Rate ; Macroeconomics and Economic Growth ; Poverty Monitoring and Analysis ; Poverty Reduction ; Private Sector ; Rural Development ; Rural Economy ; Slow Growth
    Abstract: This Country Economic Memorandum (CEM) argues for a significant shift in policy to enable a virtuous cycle of sustained and inclusive economic growth, outlined infive building blocks. Chapter 1 identifies policy priorities to restore the macroeconomic fundamentals for growth through fiscal reform, debt sustainability, external rebalancing, and monetary stability. The following three chapters address three core structural constraints to growth and propose key reforms to accelerate agricultural commercialization and improve rural labor markets (Chapter 2), enable the private sector to drive productivity growth (Chapter 3), and catalyze exports and foreign investment (Chapter 4). Acknowledging that implementing key growth-enhancing policies--be they macroeconomic or structural--are the result of complex political economy and governance arrangements, Chapter 5 focuses on how past Malawian successes can inform future sectoral policies, reforms, and strategies to achieve the goals outlined in the Malawi 2063
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  • 53
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource (47 pages)
    Parallel Title: Erscheint auch als Bachas, Pierre Effective Tax Rates and Firm Size
    Keywords: Digital Technology Adoption ; Economic Growth ; ICT Data and Statistics ; Information and Communication Technologies ; Internet ; Labor Market ; Productivity ; Welfare
    Abstract: This paper provides a compressive synthesis of the most recent and widely cited literature on the effects of Information and Communication Technologies (ICTs) adoption at the country, firm, and individual levels. The study surveys and analyzes the available literature on the topics of economic growth and transformation, and highlights the main conclusions drawn by scholars, areas of ongoing debate, and remaining research questions that need to be addressed in future work. The adoption of ICTs has been found to contribute to higher GDP growth in many countries, although the exact mechanism of its impact on macroeconomic growth is still uncertain. At the firm level, digital technology has been shown to increase productivity, but it also intensifies competition and may result in job losses in certain industries or occupations. In terms of labor conditions, ICTs can provide more flexible work arrangements which could improve workers' welfare, but it can also lead to job insecurity and wage stagnation. At the individual level, digital technology can provide access to more knowledge and services, thereby improving welfare in areas such as health and education. In conclusion, ICTs adoption can have both positive and negative effects, depending on how it is understood by researchers, impacted by the private sector and regulated by governments. Policymakers in developing countries should consider these factors when designing policies to promote digital technology adoption. The effects of ICTs adoption at the macroeconomic, firm, and individual levels should be thoroughly evaluated to ensure that the benefits outweigh the potential negative consequences
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  • 54
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Economic Updates and Modeling
    Keywords: Consumer Demand ; COVID-19 ; Economic Forecasting ; Economic Growth ; Low Inflation ; Macroeconomics and Economic Growth ; Unemployment ; Youth
    Abstract: Activity in China continues to track the ups and downs of the pandemic - outbreaks and growth slowdowns have been followed by uneven recoveries. After a downturn caused by the Coronavirus disease 2019 (COVID-19) outbreaks and stringent public health measures in April and May, activity picked up in the third quarter as infections receded. Gross domestic product (GDP) expanded by 3.9 percent y/y in Q3, from 0.4 percent in Q2. High frequency indicators suggest another growth slowdown in the fourth quarter amid a return of high COVID-19 cases. Despite fiscal and monetary policy support, real GDP growth is expected to slow to 2.7 percent in 2022 - 1.6 percentage points lower than projected in the June China economic update. In 2023 growth is projected to recover to 4.3 percent but remain below the potential rate
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  • 55
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Economic Updates and Modeling
    Keywords: Economic Forecasting ; Economic Growth ; Economic Insecurity ; Hydrocarbon Revenues ; Inflation ; Macroeconomics and Economic Growth ; Non-Hydrocarbon ; Private Sector ; Resilience
    Abstract: The recovery continued in the first semester of 2022, supported by nonhydrocarbon activity and crude oil production. The continuing high level of global hydrocarbon prices prolonged the upturn of external balances. The budget deficit is expected to narrow moderately in 2022, as the strong increase in public expenditure compensates for most of the increase in revenues. The economic recovery should continue in 2023, supported by the nonhydrocarbon sector and public expenditure growth. The main risks to the macroeconomic outlook arise from fluctuations in global hydrocarbon prices, underscoring the importance of the Government's current reform program
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  • 56
    Language: English
    Pages: 1 Online-Ressource (28 pages)
    Parallel Title: Erscheint auch als Liotta, Charlotte Efficiency and Equity in Urban Flood Management Policies: A Systematic Urban Economics Exploration
    Keywords: Climate Change ; Climate Change Impacts ; Communities and Human Settlements ; Disaster Risk Management ; Environment ; Flood Control ; Hazard Risk Management ; Inequality ; Land Use Zoning ; Municipal and Civil Engineering ; Risk-Based Insurance ; Subsidized Insurance ; Urban Development ; Urban Economics ; Urban Floods ; Urban Housing and Land Settlements ; Urban Poverty ; Welfare
    Abstract: Flood exposure is likely to increase in the future as a direct consequence of more frequent and more intense flooding and the growth of populations and economic assets in flood-prone areas. Low-income households, which are more likely to be located in high-risk zones, will be particularly affected. This paper assesses the welfare and equity impacts of three flood management policies-risk-based insurance, zoning, and subsidized insurance-using an urban economics framework with two income groups and three potential flood locations. The paper shows that in a first-best setting, risk-based insurance maximizes social welfare. However, depending on flood characteristics, implementing a zoning policy or subsidized insurance is close to optimal and can be more feasible. Subsidizing insurance reduces upward pressure on housing rents but increases flood damage, and is recommended for rare floods occurring in a large part of a city. Zoning policies have the opposite effect, avoiding damage but increasing housing rents, and are recommended for frequent floods in small areas. The social welfare impact of choosing the wrong flood management policy depends on the location of floods relative to employment centers, with flooding close to employment centers being particularly harmful. Implementing flood management policies redistributes flood costs between high- and low-income households through land markets, irrespective of who is directly affected. As such, they are progressive in terms of equity, compared to a laissez-faire scenario with myopic anticipations, in the more common scenario where poorer populations are more exposed to urban floods. But their impacts on inequality depend on flood locations and urban configuration. For instance, in a city where floods are centrally located and low-income households live in the city center, subsidized insurance would mitigate a surge in inequality, whereas a zoning policy could substantially increase inequalities
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  • 57
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Economic Updates and Modeling
    Keywords: Digital Technologies Adoption ; Economic Forecasting ; Economic Growth ; Macroeconomics and Economic Growth ; Manufacturing ; Services Sector ; Skills
    Abstract: The services sector has been a critical contributor to economic growth in Vietnam but its performance lags comparators The services sector has been the economy's largest sector for the past decade. Looking ahead, services could play a crucial role in supporting Vietnam to sustain productivity growth and achieve its ambition to become a high-income economy by 2045. However, the performance of Vietnam's services sector lags peer countries. Small scale of firms, restrictions to services trade, low technological adoption and few inter-sectoral linkages affect productivity. Based on the preliminary analysis presented in this report, the four broad policy directions can be identified. First, Vietnam could further reduce restrictions to services trade and foreign investment. Second, Vietnam should encourage further adoption of digital technologies within firms to spur innovation. Third, focus should be on strengthening workers skills especially basic digital skills and the capabilities of firms and managers. Lastly, Vietnam should leverage services to promote further growth of other sectors, especially manufacturing
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  • 58
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Other Economic and Sector Work Reports
    Keywords: Adaptation to Climate Change ; Climate Change Economics ; Climate Change Policy and Regulation ; Climate Development ; Economic Growth ; EMDES ; Energy Transition ; Environment ; Finance and Development ; Finance and Financial Sector Development ; Fiscal Space ; Inclusive Recovery ; Macroeconomics and Economic Growth ; Public Sector Development ; Sustainability ; Transformation
    Abstract: This report makes the case for a big investment push for EMDEs' sustainable recovery and development, assesses the magnitude and composition of such investment, presents actions needed for an energy transition, looks at the role that innovations and state capacity can play in facilitating GRID, and proposes actions that governments, the private sector, MDBs, the IMF, and donors can undertake to mobilize financing at the large scale needed. The report summarizes the insights derived from the meetings of the High-Level Advisory Group (HLAG) on Sustainable and Inclusive Recovery and Growth, jointly led by Mari Pangestu, Ceyla Pazarbasioglu, and Nicholas Stern, and composed of experts from research institutions, the private sector, and governments, as well as senior World Bank Group and IMF staff members. The work of the HLAG, and thus this report, focuses on EMDEs and delves in greater depth into climate investment and financing, particularly for energy transition, as it is a less researched area. While doing so, it recognizes that policy and investment decisions in high-income countries, which accounted for only 16 percent of the global population in 2019 and yet for 32 percent of total greenhouse gas emissions (World Bank 2023a, 2023b), will be critical to whether the Paris Agreement goals can be reached. It also recognizes that these countries must play a key role in contributing financially to EMDEs' transition to low-carbon economies
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  • 59
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Other Financial Sector Study
    Keywords: Adaptation to Climate Change ; Climate Change ; COVID-19 ; Environment ; Finance and Development ; Finance and Financial Sector Development ; Financial Systems ; Transition ; Vulnerabilities
    Abstract: This report provides an assessment of the stability of the financial systems of selected Pacific Island Countries (PICs) in the context of COVID-19 and emerging risks. The report brings together an analysis of information provided by the central banks of the PICs covered by this study over the last two years. The purpose of the study is to assess the financial stability and vulnerabilities and to provide technical guidance to the PIC authorities to assist in their financial sector policy response. Chapter 1 presents an overview of the financial systems of the PICs. Chapter 2 presents an analysis of the impacts of COVID-19 on the financial systems of the PCIs and the policy responses to the pandemic. Chapter 3 looks at the challenges of transitioning from the pandemic to normal policy settings. Chapter 4 provides a set of bespoke policy recommendations with the aim of enhancing the ability to deal with financial sector risks and vulnerabilities. Finally, Chapter 5 puts forward recommendations for the assessment of climate and environmental related risks on the PICs. The report finds that the pandemic has negatively impacted economic growth in the PICs, challenging financial stability. Due to various relief measures adopted by governments in the region, and the lagged economic impact of the pandemic, the PICs' financial sectors do not yet fully reflect the risks to bank profitability and asset quality, which could materialize over 2022-23. Response and
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  • 60
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Economic Updates and Modeling
    Keywords: Debt Management ; Economic Growth ; Financial Economics ; Fiscal and Monetary Policy ; Fiscal Developments ; Inflation ; Labor Market ; Macroeconomics and Economic Growth ; Monetary Policy ; Public Investment
    Abstract: Despite a challenging global environment, Jordan's growth exceeded expectations during the first half of 2022. Propelled by a strong rebound in international tourism, the full reopening of the economy, and improving exports, real GDP accelerated to 2.7 percent. However, the rebound in economic activity was only modestly reflected on labor market indicators with unemployment rates declining only gradually. Inflation has reached its highest level since 2018 but remains contained compared to regional peers, due to temporary fuel subsidies and a number of other price control measures introduced in 2022. Yet, the untargeted subsidy support came at a fiscal cost as fiscal consolidation adjustments have slowed down despite good tax performance. On the external front, elevated global commodity prices led to a significant rise in Jordan's import bill, outpacing the effect of the increased merchandise exports and tourism. Moreover, capital and financial inflows did not keep up with the widening current account deficit, resulting in a widening of the balance of payment deficit and a drawdown in foreign exchange reserves. Nonetheless, due to its substantial reserve buffers, the Central Bank's gross foreign reserves remained at an adequate level, while Jordan continues to retain investors' confidence and access to foreign financial markets. Jordan's economic recovery in 2022 is expected to be driven by a full rebound of the services sector, helped by the full reopening of the economy and a strong rebound in tourism. However, highly volatile global fuel and food prices are impacting both domestic consumption and the trade balance. Risks surrounding Jordan's outlook include a looming global economic downturn, prolongation of the global food and energy crisis, and the impact of higher borrowing costs and widening losses from state-owned water and electricity sectors on debt dynamics. The Special Focus highlights the role of public investment as a driver of growth, with a particular focus on its recent trends, as well as its efficiency and effectiveness. This is particularly relevant given Jordan's constrained fiscal envelope. Public investment spending has been suffering from a steady decline during the past two decades to meet the fiscal consolidation targets, consistent under-execution, large dependency on external aid and lack of budget for operation and maintenance cost. Its efficiency can be maximized by having in place financially realistic long-term strategic planning, transparent project selection and an adoption of a medium-term perspective. Purposefully integrating climate concerns in public investments would also advance the country's achievement of its climate targets
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  • 61
    Language: English
    Pages: 1 Online-Ressource (101 pages)
    Parallel Title: Erscheint auch als Behrer, A. Patrick Man or Machine? Environmental Consequences of Wage Driven Mechanization in Indian Agriculture
    Keywords: Agricultural Fire ; Agriculture ; Air Pollution ; Environment ; Mahatma Ghandi National Rural Employment Guarantee Act ; Mechanized Agriculture ; Poverty Reduction ; Rural Labor Market Shocks ; Structural Change
    Abstract: This paper uses an exogenous shock to wages from the world's largest anti-poverty program to show that higher wages can lead to increased air pollution, likely by inducing farmers to shift into a labor-saving and mechanized production process. Using a difference-in-differences approach on the staggered roll-out of India's Mahatma Gandhi National Rural Employment Guarantee Act (MNREGA), combined with data on nearly 1 million fires, the paper shows that the frequency of agricultural fires increases by 21 percent after the shock. The increase in fires is concentrated in districts that appear more likely to mechanize the harvest. MNREGA did not lead to changes in area planted or tonnage produced in fire intensive crops. The estimates show that nationally, the shock increased the rate of particulate emissions from biomass burning by 30 to 50 percent. The results suggest that absent policies to correct for environmental externalities of mechanization at all stages of development, labor market shocks may lead to inefficient levels of mechanization
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  • 62
    Language: English
    Pages: 1 Online-Ressource (28 pages)
    Parallel Title: Erscheint auch als Nakamura, Shohei Is Climate Change Slowing the Urban Escalator Out of Poverty? Evidence from Chile, Colombia, and Indonesia
    Keywords: Climatic Change ; Environment ; Flooding ; Migration ; Poverty Reduction ; Urban Agglomeration ; Urban Climate Shock ; Urban Poverty
    Abstract: While urbanization has great potential to facilitate poverty reduction, climate shocks represent a looming threat to such upward mobility. This paper empirically analyzes the effects of climatic risks on the function of urban agglomerations to support poor households to escape from poverty. Combining household surveys with climatic datasets, the panel regression analysis for Chile, Colombia, and Indonesia finds that households in large metropolitan areas are more likely to escape from poverty, indicating better access to economic opportunities in those areas. However, the climate shocks offset such benefits of urban agglomerations, as extreme rainfalls and high flood risks significantly reduce the chance of upward mobility. The findings underscore the need to enhance resilience among the urban poor to allow them to fully utilize the benefits of urban agglomerations
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  • 63
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Economic Updates and Modeling
    Keywords: Economic Growth ; Economic Outlook ; Fiscal Deficit ; Inflation ; Macroeconomics and Economic Growth ; Private Sector Lending ; Public DEBT
    Abstract: The economy has recovered to pre-pandemic levels and, with rising tourist arrivals, is expected to maintain a strong growth and poverty reduction trajectory over the medium term. Commodity price volatility is driving inflation and exerting pressure on fiscal and external balances, through costlier imports and higher subsidies. Despite recent improvements, public debt is expected to remain high, warranting continued efforts to reduce fiscal deficits, including comprehensive subsidy reforms while mitigating impacts on the vulnerable
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  • 64
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Other Education Study
    Keywords: Education ; Environment ; Environment and Health ; European Union Green Deal (EUGD) Implementation ; Green Issues ; Greening HD Infrastructure ; Health Policy and Management, Education Sector Strategy ; Health, Nutrition and Population, Education Reform and Management ; Human Development Buildings ; Sustainable Public Buildings ; Sustainable Public Health Facilities
    Abstract: The goal of this policy note is twofold: first, to identify and propose how to address some of the key regulatory and implementation hurdles that Croatia and potentially other EU Member States are facing in greening their HD infrastructure while improving HD outcomes; and second, to compile best practices and examples in green design, construction, and renovation of public HD buildings. The Note will also provide guidance and encourage dialogue among relevant policy makers at national, regional, and local levels, and with targeted clients. Furthermore, the recommendations would address the importance of green skills development and other related topics relevant to the implementation of EUGD. Overall, the analysis results and the recommendations on these issues could also be useful for World Bank experts and other external stakeholders focused on the green economy and human development
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  • 65
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource (52 pages)
    Parallel Title: Erscheint auch als Benetrix, Agustin The Elusive Link between FDI and Economic Growth
    Keywords: Economic Growth ; Financial Depth ; Financial Development ; Financial Sector Development ; Foreign Direct Investment (FDI) ; Human Capital ; Macroeconomics and Economic Growth
    Abstract: This paper revisits the link between FDI and economic growth in emerging and developing economies. Analysis of the early decades of the sample shows that there is no statistically significant correlation between FDI and growth for countries with average levels of education or financial depth. In line with previous contributions, this correlation is positive and statistically significant for countries with sufficiently well-developed financial sectors or high levels of human capital. However, the findings also show that the link between FDI and growth varies over time. For more recent periods, there is a positive and statistically significant relationship between FDI and growth for the average country, with local conditions having a negative effect on this link. The paper also develops a novel instrument aimed at addressing the endogeneity of FDI inflows. Instrumental variable estimates suggest that the results are unlikely to be driven by endogeneity, and the results on the role of absorptive capacities may be due to the GVC revolution in the 1990s
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  • 66
    Language: English
    Pages: 1 Online-Ressource (42 pages)
    Parallel Title: Erscheint auch als Karra, Mahesh Liberian Women Count: Evidence from a Macrosimulation of the Gender Dividend
    Keywords: Demography ; Economic Contribution Of Women ; Economic Growth ; Gender ; Gender Dividend ; Inequality ; Macrosimulation ; Time Allocation ; Value Of Domestic Work ; Women's Empowerment ; Women's Human Capital
    Abstract: Liberian women make significant economic contributions yet are constrained from contributing even more due to their exclusion from productive opportunities. This study develops a macrosimulation model of the Gender Dividend that estimates the economic contributions of women and the societal costs incurred by excluding them. Using macroeconomic, demographic, and survey data from Liberia, the analysis finds that women were responsible for 39 percent of market-based output produced annually in 2020, equal to USD 1.08 billion, and contributed another USD 530 million in non-tradable sources of production, namely, housework and domestic chores. Using the macrosimulation model, the study estimates that if the gender gaps in labor force participation, intra-sectoral wages, and sector of employment were closed, gross domestic product would be 11.5 percent higher. If further reforms were undertaken to equalize education and reduce fertility rates to a net-reproduction rate, gross domestic product would be 23.7 percent higher. Finally, if the model also accounts for the value of non-tradable production, gross domestic product would be USD 5.89 billion, or 45.3 percent higher than today's estimates, with women being responsible for 53 percent of the labor market output. These estimates reinforce the need for a unified policy agenda that actively invests in women's human capital and work-related opportunities simultaneously
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  • 67
    Language: English
    Pages: 1 Online-Ressource (74 pages)
    Parallel Title: Erscheint auch als Englander, Gabriel Input Subsidies and the Depletion of Natural Capital: Chinese Distant Water Fishing
    Keywords: Depletion Of Natural Resources ; Environment ; Fuel Subsidies ; Impact of Fuel Subsidies On Fishing Stock ; Macroeconomics and Economic Growth ; Overfishing ; Resource Extraction ; Subsidy Reform ; Taxation and Subsidies
    Abstract: Input subsidies in natural resource sectors are widely believed to deplete the natural capital on which these sectors depend. However, estimating the causal effect of subsidies on resource extraction has been stymied by identification and data challenges. China's fishing fleet is the world's largest, and in 2016 the government changed its fuel subsidy policy for distant water vessels to one that increases with predetermined vessel characteristics. Regression discontinuity estimates imply a long-run elasticity of fishing hours with respect to fuel subsidies of 2.2. Consequently, reducing Chinese fuel subsidies by 50 percent could eliminate biological overfishing in several ocean regions. By demonstrating the substantial impact of fuel subsidies on fishing activity and fish stocks, the findings inform ongoing subsidy reform in China, other nations with subsidized fishing vessel fuel, and the World Trade Organization
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  • 68
    Language: English
    Pages: 1 Online-Ressource (44 pages)
    Parallel Title: Erscheint auch als Du, Xinming People's Unequal Exposure to Air Pollution: Evidence for the World's Coal-Fired Power Plants
    Keywords: Air Pollution ; Coal Power ; Environment ; Environmental Justice ; Nitrogen Oxide Pollution Map ; Sulfur Dioxide Map ; Toxic Coal Pollution
    Abstract: The world's over 3,800 coal-fired power plants are sources of substantial emissions of toxic air pollutants. This study explores people's unequal exposure to air pollution from these coal plants. It simulates the wind dispersion of pollutants originating from each coal power plant using the Hybrid Single Particle Lagrangian Integrated Trajectory Model (HYSPLIT) with Gaussian dispersion. The study generates three-dimensional pollution trajectories and provide a global map of nitrogen oxide (NOx), sulfur dioxide (SO2), and particle pollution from coal plants and their contributions to overall pollution levels. The study estimates that 2.3 billion people globally are exposed to SO2 and particle pollution from coal plants; 247.5 million of them are exposed to transboundary pollution from foreign coal plants. The findings show that pollution increases with income levels, though at a diminishing rate at high income levels. In the proximity of coal power plants, downwind areas are associated with higher pollution and lower income levels compared to areas upwind. These findings are consistent with strategic location choices that cause or reinforce environmental injustices associated with air pollution
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  • 69
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: IEG Independent Evaluations and Annual Reviews
    Keywords: Climate Change Impact ; Coastal and Marine Environment ; Coastal and Marine Resources ; Environment ; Environmental Economics and Policies ; Fisheries ; Global Protein Supply ; Maritime Industries ; Ocean Freight ; Risk To Ocean Economies ; Sustainable Oceans ; Water Resources
    Abstract: Marine and coastal resources are critical for human survival. The economies of many coastal developing countries and small island developing states rely heavily on maritime industries, associated trade, and tourism. In coastal and island developing countries, small-scale fisheries and other ocean sectors support a significant number of jobs and livelihood opportunities. Marine and coastal resources also provide critical ecosystem services on which the ocean economy relies. Yet historically, ocean-based sectors have expanded without sufficient consideration for sustainability, negatively impacting marine and coastal environments. Moreover, the negative impacts of climate change are exacerbating the serious threats posed to ocean economies. Coastal developing countries and small island developing state economies that heavily rely on tourism were negatively affected by COVID-19, and while there were some positive environmental effects, these have been short lived. Critical knowledge and skills gaps undermine the ability of many countries to sustainably manage their marine and coastal resources. Addressing the threats posed to marine and coastal resources is politically challenging since coastal areas attract many competing uses and diverging interests. The purpose of this evaluation is to assess how well the World Bank is supporting the sustainable and inclusive development of ocean and coastal economies to inform the future development of the blue economy approach
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  • 70
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Other Social Protection Study
    Keywords: Agri-Food Jobs ; Agricultural Pollution ; Agriculture Employment ; Employment and Unemployment ; Environment ; Food and Beverage Industry ; Food and Nutrition Policy ; Food Industry ; Food Industry Pollution ; Green Issues ; Green Transition Jobs ; Health, Nutrition and Population ; Industry ; Poverty Reduction ; Social Protections and Labor ; Youth Employment
    Abstract: The agri-food system (AFS) employs about one third of the global workforce and contributes about one third of global greenhouse gas (GHG) emissions. This together with its large exposure to the effects of climate change and environmental degradation makes what happens in AFS central to the green transition and its implications for jobs and the structural transformation. Microeconomic evidence suggests that the adoption of climate smart agricultural practices will increase labor requirements, at least in the short run and at lower levels of incomes, when its mechanization is still limited. Econometric macro-model-based simulations suggest however that especially substantial investment in climate friendly agricultural R and D as well as soil and water preserving practices and market integration will more than offset the negative effects of climate change and even accelerate the structural transformation, especially in Sub Saharan Africa. Overall, the findings underscore the tremendous potential of increasing agricultural and climate friendly R and D investment for brokering an environmentally sustainable structural transformation. Repurposing of agriculture's current USD 638 billion support package towards supporting more climate friendly practices, including to overcome the time lag between the moment of investment and the realization of the benefits, provides an important policy entry point
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  • 71
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Other Environmental Study
    Keywords: Circular Economy ; Climate Change ; Climate Change Economics ; Climate Change Impacts ; Climate Change Mitigation and Green House Gases ; Climate Impacts ; Environment ; Green Transition ; Human Development ; Human-Centered ; Macroeconomics and Economic Growth
    Abstract: Climate change is the single most important existential threat of our times. Mounting average global temperature contributes to rising sea levels, more frequent extreme weather events, deteriorating biodiversity, and shifts in the sustainability of agriculture and aquaculture. The European Green Deal (EGD) is the response of the European Union (EU) to the climate challenge. It will establish regulations and incentives to nudge European society toward a more sustainable economy. To achieve these ambitious goals the EGD combines a wide range of regulations, policies, and intervention. But a green transition is only possible with an enabling human transition, and only with the proper human development (social) policies to support this transition. This report identifies the human development (HD) policies needed to enable the green transition in Europe
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  • 72
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Risk and Vulnerability Assessment
    Keywords: Adaptation To Climate Change ; Environment ; Natural Resource Management ; Risk and Resilience
    Abstract: This supplementary guidance note is based on the report, Defueling Conflict: Environment and Natural Resource Management as a Pathway to Peace (2022), which was funded by the State and Peacebuilding Fund. This document is intended to encapsulate the key ideas to support Risk and Resilience Assessment (RRA) teams to collect knowledge on and deepen and nuance the treatment of the environment and natural resources in RRAs. Additional examples and analyses are available in the original report
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  • 73
    Language: English
    Pages: 1 Online-Ressource (63 pages)
    Parallel Title: Erscheint auch als Blanchard, Paul Struggling with the Rain: Weather Variability and Food Insecurity Forecasting in Mauritania
    Keywords: Adaptive Social Protection ; Climate Change and Health ; Climate Vulnerability ; Drought ; Early Warning System ; Environment ; Food Security ; Health, Nutrition and Population ; Probabilistic Risk Modeling ; Weather-Related Risk
    Abstract: Weather-related shocks and climate variability contribute to hampering progress toward poverty reduction in Sub-Saharan Africa. Droughts have a direct impact on weather-dependent livelihood means and the potential to affect key dimensions of households' welfare, including food consumption. Yet, the ability to forecast food insecurity for intervention planning remains limited and current approaches mainly rely on qualitative methods. This paper incorporates microeconomic estimates of the effect of the rainy season quality on food consumption into a catastrophe risk modeling approach to develop a novel framework for early forecasting of food insecurity at sub-national levels. The model relies on three usual components of catastrophe risk models that are adapted for estimation of the impact of rainy season quality on food insecurity: natural hazards, households' vulnerability and exposure. The paper applies this framework in the context of rural Mauritania and optimizes the model calibration with a machine learning procedure. The model can produce fairly accurate lean season food insecurity predictions very early on in the agricultural season (October-November), that is six to eight months ahead of the lean season. Comparisons of model predictions with survey-based estimates yield a mean absolute error of 1.2 percentage points at the national level and a high degree of correlation at the regional level (0.84)
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  • 74
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Public Expenditure Review
    Keywords: Economic Growth ; Employment ; Finance and Financial Sector Development ; Financial Sector and Social Assistance ; Fiscal and Monetary Policy ; Macroeconomics and Economic Growth ; PER ; Poverty Reduction ; Public Spending ; Social Assistance ; Western Balkans
    Abstract: Kosovo has gained a creditable reputation for prudent macro-fiscal management; yet necessary structural reforms and related fiscal pressures lie ahead. The country's track record includes consistently high output growth rates, prudent fiscal deficits supported by fiscal rules, and one of the lowest public debt levels among peers. The Government was able to successfully weather the COVID-19 crisis and mitigate the impact of the ongoing inflationary crisis caused by the Russian invasion of Ukraine thanks to its healthy fiscal accounts and stable financial sectors. At the same time, however, the overlapping external shocks have highlighted the inherent volatility that mirrors Kosovo's structural limitations - especially in health, energy, and education - and accentuates gaps in both human and physical capital. The objective of this Public Expenditure Review (PER) is to help the government identify means for improving the structure and quality of public services, enhance the equity of government spending, and take a holistic view of policies that will affect financing needs over time. To do so, the PER has analyzed fiscal issues that have not been explicitly detailed in, or are in the process of being incorporated into, the medium-term expenditure framework and the economic reform program. The most notable issues include the urgently needed energy investments, the ramifications of the new law on public salaries on the budget, the sustainability of the untargeted social protection system, and possible pathways of the cost of pensions in light of expected changes to eligibility criteria, and the health spending and health financing conundrum. The PER also looks back at past World Bank PER recommendations and their implementation record, in the attempt to shine a light on measures that remain valid and could still be implemented
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  • 75
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Economic Updates and Modeling
    Keywords: Economic Growth ; Economic Sanctions ; Financial Sector ; Fiscal Policy ; Inflation ; International Economics and Trade ; Macroeconomics and Economic Growth ; Trade ; Trade and Regional Integration
    Abstract: Kazakhstan's economy is set to experience a moderate growth acceleration, with real GDP forecast to rise by 3.5 percent in 2023 and 4 percent in 2024, propelled by the hydrocarbons sector, as oil production increases. Inflation has surged to its highest level since the late 1990s due in part to wage increases across sectors and crisis-related fiscal measures. Inflation is expected to remain high in 2023 due to elevated food prices and prices of imported intermediate goods. The outlook for growth faces several downside risks. Any further disruptions to the operation of the Caspian Pipeline Consortium could lead to losses in production volumes and fiscal revenues, posing downside risks to growth. The persistent high domestic inflation is a serious challenge, particularly for the most vulnerable households, and could potentially amplify the risk of social tensions. Additional tightening of global financial conditions due to geopolitical tensions, energy crisis, and high inflation may pressure the exchange rate, leading to potential capital flow volatility
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  • 76
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Economic Updates and Modeling
    Keywords: CEMAC ; Economic Forecasting ; Economic Growth ; Energy Sector Regulation ; Fossil Fuel Subsidies ; Fuels ; Hydrocarbon Prices ; Inflation ; Macroeconomics and Economic Growth ; Social Safety Nets
    Abstract: The Gabon Economic Update is an annual World Bank publication that presents an overview of the evolving macroeconomic position in Gabon, followed by a detailed exploration of a specific topic in each edition. The first chapter analyzes recent economic developments, as well as the macroeconomic outlook and risks for Gabon's future growth. It presents policy actions that could help strengthen fiscal and debt sustainability, contain food inflation, and sustain a resilient growth path. The second chapter of this year's Economic Update has a special focus dedicated to fossil fuel subsidies, which represent a growing fiscal burden in Gabon. This chapter analyzes the costs of fuel subsidies and discusses policy options for alleviating their fiscal impact while protecting the most vulnerable groups in the country
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  • 77
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Financial Sector Assessment Program
    Keywords: DEBT ; Economic Forecasting ; Economic Growth ; Excessive Credit Growth ; Finance and Development ; Finance and Financial Sector Development ; Financial Inclusion Gaps ; Financial Sector Reform ; Macroeconomics and Economic Growth
    Abstract: The Republic of Korea's astonishing economic development commenced shortly after the end of the Korean war. Today, Korea is the world's tenth largest economy based on gross domestic product, a key development partner of the World Bank Group, an important contributor to the International Development Association, the fund established to support the world's poorest countries, and a unique international donor. Over the past decade, the East Asia and Pacific region has experienced significant economic growth and development. This has been especially evident in the financial sector. Nevertheless, many challenges remain. Risks such as excessive credit growth, asset bubbles, high levels of household and corporate debt have emerged, increasing the vulnerability of the financial sector to shocks. Consequently, ensuring the stability and resilience of the financial sector is crucial for sustainable economic development in the region. When it comes to financial inclusion, despite the good progress made in many developing countries in the region, there are still significant gaps across the region. A large portion of the population in some countries in the region especially in rural areas and among vulnerable groups, still lack access to formal financial services such as savings account and payment systems. This hampers their ability to save, invest and participate in the formal economy, limiting their economic opportunities and potential growth. Against this backdrop, with the support of the Korea Trust Fund, the World Bank has made a significant impact in enhancing the financial sector in the East Asia and Pacific region. These selected stories speak to the positive impact that the Seoul Center's partnership with the Ministry of Economy and Finance has had within the recipient countries. The booklet presents these in detail
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  • 78
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Country Environmental Analysis
    Keywords: Adaptation To Climate Change ; CEA ; Climate Change Adaptation ; Country Environmental Analysis ; Environment ; Natural Capital ; Natural Resources Management ; Sustainability
    Abstract: The Comoros Country Environmental Analysis 2023 aims to identify the main opportunities for the Comoros to better manage its natural capital, achieve its potential sustainably, capitalize on climate co-benefits stemming from the process, and advance the development agenda. This is the first CEA for Comoros and, as such, it constitutes an unprecedented opportunity to open avenues for effective natural resource management, poverty reduction, and the potential to boost socioeconomic development. The development of the CEA was based on a combination of literature review, secondary data analysis, stakeholder interviews, and focus groups conducted in early 2022. The outcomes of the CEA have been validated through a verification workshop with the country's key stakeholders. Given the lack of data on the natural capital of the Comoros, this CEA seeks to identify opportunities to strengthen the methodological soundness of natural resource management in the Comoros to enable evidence-based decision-making and prioritization of interventions
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  • 79
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Risk and Vulnerability Assessment
    Keywords: Adaptation To Climate Change ; Catchment Areas ; Climate Change ; Environment ; Macroeconomics and Economic Growth ; Roads ; Vulnerability Assessment
    Abstract: The Kingdom of Lesotho is a landlocked country in southern Africa. Large pockets of the population reside along the Senqu River Valley in the south-eastern reaches of the country, and some of the roads traverse this river to connect to the mountainous areas. Increasing temperatures and changing rainfall patterns due to climate change negatively impacts Lesotho's road network. Sustained land degradation, soil erosion, and increased demand on ecosystem services threatens infrastructure and the health of Lesotho's natural ecosystems, including wetlands. The primary aim of this study was to undertake a review of existing frameworks for climate and environment vulnerability assessments for roads and to adapt these to the Lesotho context in line with Southern African Development Community (SADC) protocol on transport, the National Strategic Development Plan of Lesotho, and the South African National Roads Agency (SANRAL) Design Guidelines. The adapted climate and environmental risk framework then formed the basis for developing a climate change risk and vulnerability and assessment methodology/tool
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  • 80
    Language: English
    Pages: 1 Online-Ressource (43 pages)
    Parallel Title: Erscheint auch als Behrer, A. Patrick Moving to Adaptation? Understanding the Migratory Response to Hurricanes in the United States
    Keywords: Adaptation To Climate Change ; Adaptation To Risk ; Climate Change ; Communities and Human Settlements ; Cyclones ; Environment ; Housing and Human Habitats ; Human Migrations and Resettlements ; Migration
    Abstract: Using data on the paths of all hurricanes in the Atlantic Basin from 1992 to 2017, this paper studies whether migration has served as a form of adaptation to hurricane risk. The findings show that on average hurricanes have little to no impact on county out-migration, with population-weighted exposure to hurricanes increasing slightly over the sample period. Counties with high economic activity see net in-migration in the years after a hurricane. Further, return migration likely plays a role in offsetting any out-migration in the year of the storm. The intensity of pre-hurricane migration between county pairs is a strong predictor of excess migration after a hurricane, suggesting that existing economic and social ties dominate in post-hurricane migration decisions. Given existing policies and incentives, the economic and social benefits that people derive from living in high-risk areas currently outweigh the incentive to adapt to future storms by relocating across counties
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  • 81
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: IEG Independent Evaluations and Annual Reviews
    Keywords: Development Challenges ; Economic Growth ; Finance and Development ; Finance and Financial Sector Development ; IFC Platforms ; Macroeconomics and Economic Growth ; SDGs
    Abstract: Recurring development challenges and new compounding crises affecting client countries and firms constrain the ambition of the International Finance Corporation (IFC) to contribute to attainment of the Sustainable Development Goals (SDGs) by 2030. The recurring challenges, including insufficient private sector participation in development financing, continue to affect emerging markets and developing economies and the firms within them. Two related initiatives-the IFC capital increase and the IFC 3.0 strategy-underpin IFC's goal to contribute to the SDGs by 2030. IFC's capital increase package was based on the IFC 3.0 strategy, which requires creating new markets through advisory and upstream services and mobilizing private capital from new sources and through new approaches (IFC 2017, 2018, 2020a). IFC has introduced a platforms approach to scale up its interventions in accordance with IFC 3.0 and the capital increase objectives. IFC defines platforms as thematic interventions-at a regional, global, or sectoral level-designed to address a specific development challenge (IFC 2022b). The main purpose of the evaluation is to assess whether the platforms approach offers IFC a means to achieve its capital increase and IFC 3.0 objectives while meeting the Board's and clients' expectations
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  • 82
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Country Climate and Development Reports (CCDRs)
    Keywords: Adaptation to Climate Change ; Climate Change ; Climate Change Economics ; Climate Change Mitigation and Green House Gases ; Climate Resilient Economy ; Environment ; Green Products ; Macroeconomics and Economic Growth ; Net Zero GHG ; Transition
    Abstract: As Colombia navigates a complex path toward a richer and more equitable future, the country faces three critical climate transitions. First, it will need to transit from a climate-vulnerable to a more climate-resilient economy. Second, guided by its Long-Term Climate Strategy (LTS) and strong legal framework, which place it among the climate-goal leaders of the Latin America region, the country will need to navigate a transition to a net zero greenhouse gas (GHG) emissions economy in the context of its stated goal for 2050. Third, in a world that will demand increasingly less of Colombia's primary exports-oil and coal-and more green products, it will need to engineer a transition in its economic model. This Country Climate and Development Report (CCDR) explores the opportunities for, and challenges to, achieving Colombia's development goals and its ambitious climate commitments, as well as the complementarities between the two. It explores how climate change and climate action would affect the country's growth and development and, in turn, how growth and development challenges would affect the achievement of its climate ambitions. The CCDR also investigates complementarities-specifically, how climate action could help Colombia achieve its development objectives, capture opportunities, support a just and inclusive transition, and protect its economy against longer-term risks from climate change and from the world's transition toward net zero GHG emissions
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  • 83
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Other Environmental Study
    Keywords: Blue Economy ; Ecosystems and Natural Habitats ; Environment ; Knowledge Gaps ; Marine and Coastal Resources ; Policies ; Spatial Planning
    Abstract: Cambodia's coastlines make up a vital component of Cambodia's national economy, contributing to the country's growth, employment, and food security. In addition, Cambodia's coastal areas provide critical ecosystem services (ES) that provide natural protection to coastal communities against adverse impacts of climate change. The Royal Government of Cambodia (RGC) is increasingly recognizing this importance and taking steps to harness the potential of the Blue Economy to ensure the sustainable use of marine and coastal resources for economic growth, improved livelihoods, andjobs, while preserving the health of the ocean ecosystem. This report is intended to provide an analysis of, and subsequent recommendations for, Cambodia's sustainable Blue Economy development. Here we focus on three fundamental areas related to marine policy, Marine Spatial Planning (MSP) and coastal livelihoods including blue growth sectors. We consolidate existing knowledge and data related to Cambodia's marine and coastal resources and provide recommendations to support the development of a sustainable Blue Economy for Cambodia which can serve as an input for the RGC in the development of its own national blue economy plan or strategy
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  • 84
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Other Environmental Study
    Keywords: Circular Economy ; Environment ; Environmental Disasters and Degradation ; Marine Environment ; Plastic Pollutine
    Abstract: Plastic pollution is a worldwide environmental challenge. In coastal West Africa, about 80 percent of plastic waste is mismanaged, posing escalating challenges to people, the economy, and the coastal and marine environment. This Synthesis Paper was prepared to inform decision-makers from the region about the challenges of plastic pollution and to convey the urgent need for action
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  • 85
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Other Environmental Study
    Keywords: Circular Economy ; Construction ; Environment ; Environmental Economics and Policies ; Fisheries ; Packaging ; Plastic Pollution
    Abstract: The circular economy has become a priority in recent decades as policy makers seek to facilitate a transition from linear production systems to closed systems that reuse resources, reduce energy consumption and avoid the exploitation of nonrenewable resources. This regional gap analysis reveals several important trends. Key among them is a rapid rate of increase. Plastic consumption in the WACA region was estimated at 7.9 million tons in 2021; at current growth rates, this could increase to 12 million tons by 2026. The WACA region relies heavily on imported plastic-related goods from sources outside the region, such as Asia. Nigeria was found to be both the largest producer of plastic products and the biggest importer of plastic parts and products, in addition to being the WACA region's only producer of virgin plastic resin. Other notable major producers of plastics in the WACA region include Ghana and Cote d'Ivoire. The plastic landscape investigation included a spatial analysis of plastic waste generation across the WACA region. This revealed varying rates of national annual plastic generation. The spatial analysis work also led to the identification of 71 plastic waste generation hotspots across the WACA region, with a concentration in Nigeria. The plastic market analysis revealed that the three industry sectors (construction, plastic packaging, and fisheries) represented 78 percent of total plastic consumption in 2021. By 2026, the three sectors' business-as-usual plastic consumption is expected to reach 9.5 million tons, with per capita plastic waste growing from 12.5 kilograms (kg) to 17.3 kg. The largest plastics consumer of the three sectors is plastic packaging, followed by construction. The plastic packaging sector could focus on new, circular economy business models over the next five years. In this sector, plastic waste recovery and avoidance/reuse/recycling of between 2.2 and 4 million tons of plastic in a "pragmatic" 1 circular scenario would reduce CO 2 emissions between 41 and 53 percent (3.6-6.7 million tons CO 2 emissions). In the construction industry, in a pragmatic circular scenario plastic avoidance would reduce CO 2 emissions between 0.1 and 0.3 million tons, and plastic waste recovery would reduce CO 2 emissions between 0.1 and 0.2 million tons. Finally, in the fisheries sector, plastic avoidance under the pragmatic circular scenario would reduce CO 2 emissions between 0.03 and 0.05 million tons, and plastic waste recovery would reduce CO 2 emissions between 0.04 and 0.07 million tons. New circular business models can motivate these three sectors to reuse and extend the life span of plastic materials
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  • 86
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Other ESW Reports
    Keywords: COVID-19 ; Economic Forecasting ; Economic Growth ; Economic Impacts ; Employment ; Fiscal and Monetary Policy ; Fiscal Support ; Macroeconomics and Economic Growth ; Policies
    Abstract: More than three years after the first COVID-19 case was discovered in the East Asia and Pacific (EAP) region, it is time to take stock of the lasting effects-and opportunities-of the pandemic and identify which policies may have helped stem the economic losses suffered by households and firms. To do so, this regional report examines the economic impact of the COVID-19 pandemic on households and firms in six countries: Cambodia, Indonesia, Malaysia, Mongolia, the Philippines, and Vietnam. This volume examines: (a) the links between impacts on firms and households, in particular through the employment channel, and (b) governments' fiscal responses to the COVID crisis, through transfers, subsidies, and taxes. It identifies and explains changes in household well-being by examining the economic effects of the pandemic on labor markets. As the source of employment and wage income, businesses have a direct role in determining jobs and earnings, and, indirectly, welfare, poverty, and inequality. When faced with a shock, firms responded by adjusting employment, reducing wages, increasing prices, and reducing services provided. All of these channels directly affected households' wellbeing. For this reason, the report focuses on firms in addition to households. Governments responded through various instruments, providing transfers and subsidies and lowering the tax burden to both households and firms
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  • 87
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource (188 pages)
    Series Statement: MENA Development Report
    Parallel Title: Erscheint auch als
    Keywords: Economic Growth ; Exports ; Female Labor Force ; Informality ; Labor Market Outcomes ; Labor Markets ; Trade ; Wages
    Abstract: In the Middle East and North Africa (MENA), trade liberalization measures have coincided with stable economic growth, and GDP per capita growth has surpassed that of other developing regions. However, MENA's labor-market outcomes--such as average wage levels, informality rate, and female labor force participation--continue to underperform. Why has rising trade failed to produce better labor market outcomes in low- and middle-income countries in the region? 'Exports to Improve Labor Markets in the Middle East and North Africa' focuses on the impact of trade policy on trade-flows and their relationship with local labor market outcomes in three low- and middle-income countries--the Arab Republic of Egypt, Morocco, and Tunisia. Given their idiosyncratic labor markets, export diversification, and trade policy history, these three countries other important lessons for economic development in the region. Policy makers and stakeholders can use these findings to design policies to improve the chances that higher trade flows will deliver better labor market outcomes and ensure that the benefits are more equally shared. 'This report, led by Gladys Lopez-Acevedo and Raymond Robertson, pushes forward the frontier of knowledge about the relationship between trade and the labor market in MENA. Although focusing on three countries (the Arab Republic of Egypt, Morocco, and Tunisia), it gives us broader lessons on how to solve the apparent puzzle of greater exposure to trade not being followed by greater labor market outcomes in the region. It points out, among other factors, how market segmentation by gender shapes the effects of trade shocks like higher exports. Policy makers in the region will definitely benefit from the evidence and analysis conveyed by the report on how to turn trade integration into a lever for shared prosperity.' --Otaviano Canuto, Senior Fellow at the Policy Center for the New South, and former Vice President of the World Bank 'This timely report attempts to understand why trade expansion did not produce the desired improvements in labor market outcomes in three non-oil-exporting countries in MENA. The main reason for the weak link between trade expansion and widely shared labor market improvements appears to be the segmented nature of labor markets in the three countries, by gender as well as by formality status. In Morocco and Tunisia, the highly segmented labor markets along gender lines, in combination with the concentration of trade in male-dominated capital-intensive sectors, led to few employment benefits accruing to women. In Egypt, the limited impact of trade on formal employment is attributable to the small size of the nation's export sector and its lack of integration with the rest of the economy. These findings are critical to understanding how barriers to widely shared prosperity can be tackled in the region.' --Ragui Assaad, Professor, Humphrey School of Public Affairs, University of Minnesota
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  • 88
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Keywords: Adaptation To Climate Change ; Biodiversity ; Climate Change ; Energy ; Environment ; Forest Institutions ; Forest Management ; Forests ; Fuels ; Information and Communication Technologies ; Land Degradation ; Landscape Restoration ; Legal Framework ; Non-Wood Forest Products ; NWFPs ; Protected Areas
    Abstract: This note synthesizes multiple reports produced under World Bank support to the Government of Armenia (GoA) in undertaking landscape restoration opportunities assessment and provides a detailed overview of opportunities and challenges in the forestry sector. Armenia is a forest-poor country; only 11.2 percent of the territory (334,100 hectares (ha) is forested, which is concentrated in three marzes: Tavush and Lori in the north and Syunik in the south. The predominant forest type is naturally grown broad-leaved mountain forest with a small area of pine forest. Estimates on the state of the forests, their extent, quality, health, and harvested volumes vary widely depending on the data sources and methodology used. Based on wood consumption data, harvesting volumes must be much higher than officially reported, while forest growth is lower than the current official estimates. These divergences, combined with limited silvicultural management and exacerbated by fires and uncontrolled grazing, mean that sustainable forest use is clearly far from guaranteed. The note has been developed through a consultative process and is expected to inform all relevant stakeholders on the status of the forest sector and opportunities to further improve it. The objective of this note is to strengthen the dialogue with Armenia on the forest sector considering the ongoing reforms and to explore how the country can reverse landscape degradation and increase its contribution to post-pandemic economic recovery
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  • 89
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: 7755
    Keywords: Carbon Emissions From Buildings ; Climate Change Mitigation and Green House Gases ; Energy ; Energy Efficiency ; Environment ; Environmental Governance ; Green Buildings ; Growing Economies Energy Needs ; Renewable Energy ; Renewable Energy Demand ; Sustainable Development ; Urbanization and Energy Use
    Abstract: Globally, buildings account for 37 percent of energy and process-related carbon dioxide (CO2) emissions. With increasing urbanization and population growth, demand for energy will continue to increase faster than the supply of renewable energy. This means that increasing the efficiency of current energy use is critical to climate change mitigation efforts while also meeting the development requirement of growing economies. Regulations that can increase the energy efficiency of buildings and reduce the carbon footprint of buildings are thus vital to reducing greenhouse gas (GHG) emissions and to achieving the Paris Agreement's goal of keeping the increase in average global temperature below 2degreeC. This checklist aims to facilitate a robust approach to reviewing green building provisions in building regulations by providing a discussion of fundamental green building components of building regulations, and a systematic approach to review green building provisions in regulations
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  • 90
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: 2185
    Keywords: Alignement Tools ; Climate Change Mitigation ; Climate Change Mitigation and Green House Gases ; Environment ; Finance and Development ; Finance and Financial Sector Development ; G-20 ; Sustainable Finance
    Abstract: The first action in the G-20 Sustainable Finance Roadmap proposes six high-level principles for the development and global coordination of approaches to align investments with sustainability goals. "Alignment approaches" are national and international frameworks for the financial sector that aim to monitor global sustainable finance flows and ensure that they are contributing to the temperature goals of the Paris Agreement, the Sustainable Development Goals (SDGs), and other international sustainable finance objectives. These approaches increasingly leverage "alignment tools," which include but are not limited to (a) taxonomies (or classifications) of private sector activities that can be labeled as achieving environmental and social objectives; (b) certifications and labels that confirm that products or services have met environmental, social, and governance (ESG) standards; (c) disclosure frameworks that guide private sector entities to manage and report on their ESG performance; and (d) transition frameworks that help the private sector design a credible shift to low-carbon technologies and practices. The tools can then be applied in different ways-ranging from national-level regulations to voluntary private sector-led initiatives, to corporate-level practices. The tools can be applied by investors and finance providers for different purposes at different levels: at the "asset level" (as in determining whether a project or activity is compatible with a relevant sustainable finance taxonomy or due diligence framework); the "entity level" (as inwhether a corporate or financial institution has a robust low-carbon transition plan and adheres to the International Labour Organization (ILO) Declaration on Fundamental Principles and Rights at Work); or "portfolio level" (as in whether an index is aligned with a credible temperature objective or supports poverty reduction). The G-20 Voluntary Principles for Developing Alignment Approaches provide a common foundation for ensuring these alignment approaches are robust and consistent
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  • 91
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: r02
    Keywords: Adaptation To Climate Change ; Climate Action Engagement ; Climate Change Economics ; Climate Change Mitigation and Green House Gases ; Climate Finance ; Climate Resilient Investment ; Country Climate Analytical Work ; Environment ; Macroeconomics and Economic Growth ; Poverty Impact Evaluation ; Poverty Reduction ; Private Sector Climate Action ; Renewable Energy ; World Bank Group Effectiveness
    Abstract: The private sector has a critical role to play in addressing climate change by investing in low-carbon technologies, developing new technologies, and building climate resilience into its investments and operations. Private sector financing will also be critical for meeting the needs for global finance flows, but climate finance from the private sector has been very low. One reason for this is that most countries lack a conducive enabling environment for the private sector to engage in climate action. This evaluation assesses the World Bank Group's efforts to improve the enabling environment for private sector climate action (EEPSCA). The evaluation defines the private sector enabling environment for climate action as the set of policies (laws and regulations), incentives, standards, information, and institutions that encourage or facilitate the private sector to invest or behave in ways that reduce greenhouse gas emissions or adapt to the current or anticipated impacts of climate change. The private sector includes large, medium, and small firms; domestic and international financiers; and smallholder farmers or other producers. The evaluation assesses the relevance and effectiveness of Bank Group support to EEPSCA and aims to identify lessons applicable to the World Bank and the International Finance Corporation to inform implementation of the Bank Group Climate Change Action Plan 2021 and subsequent Bank Group climate activities. The evaluation also aims to inform discussions on the evolution road map, which considers further increasing the prominence of the role the Bank Group plays on global public goods, such as climate change
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  • 92
    Language: English
    Pages: 1 Online-Ressource (29 pages)
    Parallel Title: Erscheint auch als Bello, Ridwan Bolaji Greener is not Always Pricier: Ecolabeling and Price Premium in the Tourism Industry
    Keywords: Ecolabel ; Environment ; Foreign Trade Promotion and Regulation ; Hedonic Pricing Model ; Hotel Industry ; Industry ; International Economics and Trade ; Sustainable Tourism ; Tourism and Ecotourism ; Tourism Competitiveness
    Abstract: Voluntary ecolabeling programs have gained popularity in the tourism industry as initiatives for promoting ecofriendly practices among tourism firms. Yet, for these programs to appeal to firms, it is crucial that they generate positive market benefits for ecolabeled firms. This paper studies the effect of a sustainable tourism label on prices of hotel firms. It uses hotel listing data collected from Booking.com and covering more than 6,000 hotels across 10 popular European cities. The paper finds that the presence of the ecolabel is associated with a price premium of approximately 10 percent in the full sample. However, point estimates of this premium vary across cities, from a low of 1 percent in Venice to a high of 22 percent in London. As a novel contribution, the paper shows that the ecolabel delivers a quantitatively and statistically significant price premium only in cities where tourism (destination) competitiveness is high and ecolabel attainment is low. The paper discusses the implications of these findings for firms and policymakers in the industry
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  • 93
    Language: English
    Pages: 1 Online-Ressource (76 pages)
    Parallel Title: Erscheint auch als Schoder, Christian A Climate-Fiscal Policy Mix to Achieve Turkiye's Net-Zero Ambition under Feasibility Constraints
    Keywords: Bayesian Estimation ; Carbon Policy and Trading ; Climate Change Mitigation and Green House Gases ; Climate-Fiscal Policy ; Energy Policies and Economics ; Environment ; Environmental Policy Interventions ; Fiscal and Monetary Policy ; Low-Carbon Transition ; Macroeconomics and Economic Growth ; Net-Zero Pathway ; Net-Zero Policy Interventions ; Transition From Fossil Fuel
    Abstract: This paper employs an estimated dynamic stochastic open-economy macro framework to identify policy interventions that allow Turkiye to achieve net-zero emissions by 2053 while respecting important feasibility constraints such as fiscal consolidation and sovereign debt stability as well as compensation of low-income households. The policy mix includes a carbon tax, a renewable energy subsidy, transfer payments, public infrastructure investments, a bad bank for stranded fossil fuel assets, and the phase-out of fossil fuel subsidies and public investment. Although the proposed policy package has only moderate effects on gross domestic product, transition risks involve declining exports and fossil asset stranding. The paper highlights the importance of transparent policy communication and a credible commitment to the net-zero agenda to ensure an orderly transition. Improving the rule of law and access to green finance considerably support the private sector-led low-carbon transition
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  • 94
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Economic Updates and Modeling
    Keywords: Conflict ; Conflict and Development ; Earthquake ; Economic Assistance ; Economic Forecasting ; Economic Impact ; Environment ; Humanitarian Constraints ; Inflation ; Limited Response ; Macroeconomics and Economic Growth ; Natural Disasters
    Abstract: Twelve years into a devastating civil war, a one-in-two-century earthquake devastated northwestern Syria. The 7.6 Richter scale shock was the deadliest in Syria after the one that hit Aleppo in 1822. Using novel data sources, such as big data, this Syria Economic Monitor analyzes what happens to a conflict-affected economy in the months following a large natural disaster. The earthquake created large human losses and physical damages in the most contested areas of the country. The earthquake also had significant socioeconomic impacts, exacerbating preexisting vulnerabilities. However, funding shortfall and humanitarian constraints impede response efforts. As a consequence, economic contraction in Syria is likely to deepen further post-earthquake
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  • 95
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Other Infrastructure Study
    Keywords: Adaptation to Climate Change ; Air Pollution ; Air Quality and Clean Air ; Climate Change Adaptation ; Climate Change Mitigation and Green House Gases ; Communities and Human Settlements ; Environment ; GHG ; Low-Carbon ; Natural Disasters ; Resilience ; Sustainable Cities
    Abstract: Sierra Leone is highly vulnerable to natural hazards whose impacts are exacerbated by unplanned rapid urbanization. The main victims of climate change risks and impacts in urban Sierra Leone are the urban poor who also bear the brunt of multiple crises such as Ebola and Coronavirus Disease (Covid-19). In response to these impacts, local councils are front and center in implementing climate action activities in Sierra Leone. Therefore, this report situates local councils at the center of climate action. By focusing at the urban and community level, it has three objectives: (i) Identify the risks and impacts of climate change, (ii) Explore what local councils are already doing, and (iii) Determine what they could do more of, or better
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  • 96
    Language: English
    Pages: 1 Online-Ressource (37 pages)
    Parallel Title: Erscheint auch als Carletto, Gero Too Rare to Dare? Leveraging Household Surveys to Boost Research on Climate Migration
    Keywords: Climate Change ; Climate Change and Health ; Climate Change Impacts ; Climate Change Mitigation and Green House Gases ; Climate Migration ; Climate Migration Nexus ; Environment ; Global Warming ; Health, Nutrition and Population ; Living Standards Measurement Survey (LSMS) ; Microeconomic Data ; Social Aspects of Climate Change ; Social Development
    Abstract: Reliable microeconomic data to understand the climate-migration nexus are virtually nonexistent. Nationally representative multitopic household surveys are rarely, if ever, explicitly designed for studying migration issues. Despite this limitation, most countries have no alternatives to the use of household surveys when it comes to analyzing complex multidimensional phenomena such as the interrelationship between climate change and migration. This paper offers a critical reflection on current challenges faced by multi-topic household surveys in responding to this need, but also, more importantly, on the many opportunities embedded in their use. Specifically, using the Living Standards Measurement Study as a case study, a conceptual framework, practical empirical guidance, and a methodological agenda are proposed to address data gaps and contribute to a more solid understanding of the climate-migration nexus
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  • 97
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource (47 pages)
    Parallel Title: Erscheint auch als Robinson, James A Endogenous Institutions and Economic Policy
    Keywords: Economic Growth ; Economic Policy, Institutions and Governance ; Endogenous Institutions ; Growth ; Inclusive and Extractive Institutions ; Institutional Change Policy ; Institutional Cooperaton Framework ; Law and Development ; Macroeconomics and Economic Growth ; Social Norms
    Abstract: This paper proposes a new framework to model institutions and institutional change. It shows how moral agents, who strive to cooperate with others, can form institutions that facilitate cooperation. The framework makes it possible to model informal as well as formal institutions as games played by moral agents: when the quality of the government is low and agents are not willing to use its services they will create informal institutions that allow them to cooperate outside the official channels. It is also possible to conceptualize institutions as inclusive or extractive and model institutional change as a consequence of the choice of moral agents among available institutions as time unfolds. With a series of examples of clientelistic networks, the paper shows that the framework can be useful for understanding how and why such networks form and persist. The framework can be used to model any interactions among moral agents, thus giving rise to a wide variety of possible institutional settings
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  • 98
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: 2163
    Keywords: Adaptation ; Climate Change ; Decarbonization ; Development ; Environment ; Resilience
    Abstract: The Azerbaijan Country Climate and Development Report assesses how the country can reduce its vulnerability to climate shocks and the risks emerging from the global low-carbon transition while protecting the living standards of its people and reaping opportunities of a new climate economy. It argues that regardless of the pace of global mitigation efforts, decarbonization is in Azerbaijan's economic self-interest. It highlights that the country faces considerable risks from future physical climate impacts potentially disrupting its sectors like agriculture and others. Finally, the report shows that climate action is affordable if supported by the right set of policies - some of which are already envisaged by the country's 2022-2026 Socio-economic Development Strategy but not yet implemented like a phase-out of fossil fuels subsidies - aimed at catalyzing private sector investment in decarbonization and resilience."
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  • 99
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: 2209
    Keywords: Circular Economy Policy Agenda ; Culture and Development ; Culture in Sustainable Development ; Energy Recycling ; Environment ; Environment and Energy Efficiency ; Environmental Economics and Policies ; European Green Deal ; Labor Value Preservation ; Raw Material Import Dependence ; Resource Preservation ; Sustainable Economy Policy ; Waste Disposal and Utilization ; Water Supply and Sanitation
    Abstract: Over the past decade, material efficiency and resource productivity have surfaced on the global policy agenda. The rise of the circular economy (CE) agenda reflects the objective of moving away from the current systems of production and consumption based on the 'take-make-use-waste' linear economic model toward economies centered on minimizing the use of virgin materials without adversely affecting welfare. The focus is on a life-cycle approach to resource management, which starts with reducing raw material demand by looping resources back into consumption and production systems through innovations in material design, production, and reutilization processes. In addition to reducing pollution and other harmful emissions, the CE can be a driver of private sector growth and jobs and can increase the strategic autonomy of countries by reducing dependence on raw material imports. The objective of this rapid analysis is to identify the CE-related priority areas, sectors in Bulgaria and potential areas of focus for follow-up interventions. The study also aims to highlight concrete barriers that prevent the national and local governments from undertaking these interventions, as well as enabling factors and approaches to overcome them
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  • 100
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: 2114
    Keywords: Deforestation ; Drug Trafficking ; Endangered Species ; Environment ; Environmental Impact ; Environmental Protection ; Human Trafficking ; Illegal Gold Mining ; Mercury Pollution ; River Basin Management ; River Contamination ; Sedimentation ; Social Impact ; Sustainable Land Management ; Water Resources
    Abstract: Over the past decade, illegal gold extraction has increased significantly in the Amazon region, partly due to the high international prices of this mineral, the less stringent attitude of some countries in relation to the environment and the pursuit of immediate economic opportunities. Furthermore, this illicit activity is closely intertwined with other illegal practices, such as drug trafficking, human trafficking, and the trafficking of endangered species. This has repercussions not just for the region's ecological wealth, but also for the physical well-being of those safeguarding their lands and the health of communities living in proximity to the extraction zones due to the contamination of their rivers and, consequently, their primary sources of food, such as fish. Despite the international effort to recognize the socio-environmental repercussions of this activity, there are still gaps on this issue, mainly due to the economic losses that this activity represents
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