Climate Change
Sustainable Finance for Power Utilities: Latin America Leading the Charge
Latin America is at the forefront of decarbonizing the energy sector, mostly due to the innovation and commitment demonstrated by companies in the region. These energy companies, many of which are IFC clients, are deploying resources and experience in the face of unprecedented climate change impacts to support the penetration of renewable energy, increase access rates, and improve efficiency.
Assessing Climate Change Costs with Systemic Resilience Metrics: A Forward-Looking Approach
Climate change poses a significant threat to infrastructure, with rising sea levels, extreme weather phenomena, and escalating temperatures posing substantial physical risks. These hazards can lead to the degradation of crucial infrastructure assets, undermining social, economic, and environmental stability.
Recent analysis by EDHECInfra, as featured in the Global Infrastructure Hub’s Infrastructure Monitor report, underscores the scale of the situation. Projections based on current climate and policy scenarios indicate that by 2050, infrastructure assets could see a net value decline of 4.4% on average, and up to 26.7% in the most severe scenarios. This depreciation is a direct consequence of the lack of resilience of global infrastructure to the effects of climate change.
World Bank to leverage mines for green energy, human development – mining lead
The World Bank is increasingly focused on leveraging mining’s potential to drive human economic development on the back of green energy, according to Michael Stanley, the international financial institution’s mining lead.
The greater attention on mining comes at a fraught moment for the industry. Countries are racing to secure metals supply in a more multipolar world riven by national security concerns, trade spats and war. Meanwhile, metal supply deficits loom, but it remains tough to build new mines quickly given long development timelines.
Türkiye’s Climate-Smart Future
Floods, heatwaves, drought, and forest fires are only some of the impacts of climate change that are upending lives and livelihoods in Türkiye. These disasters cause loss of life and injuries, displace people, and inflict severe damages to homes, businesses, schools, hospitals, roads, and more.
India: unlocking the potential of floating solar power
During my childhood, I often used to go boating in one of Delhi’s picturesque lakes. I loved the wobbly feeling of standing on the floating jetty before boarding the boat. Little did I know that these age-old platforms could one day play a pivotal role in generating solar power, contributing to India’s transition to renewable energy.
Transforming Transportation 2024: A Rallying Call for Sustainable Mobility
Transportation is a hot topic in the 21st century, touching on topics ranging from achieving net zero emissions to developing inclusive urban infrastructure. But developing inclusive, climate-friendly transportation is expensive. Government budgets are strapped, and in some cases, transport projects are perceived as risky investments that give the private sector pause.
Climate Action Game Changers: The Solar Story
Cheap, plentiful solar power was once a far-off dream. Today, a solar revolution is happening around the world. People, entire economies, and the planet are benefiting. Click to read the full story by The World Bank.
A just transition for climate adaptation
A just transition must ensure an orderly, inclusive and just shift to net-zero emissions and climate resilience that creates decent work opportunities and leaves no one behind. It is important as the impacts of climate change are not distributed equally among everyone. The poorest and most vulnerable are unequally hit by the impacts of extreme weather and long-term changes in climatic conditions. Full story by Stockholm Environmental Institute (SEI).
Achieving the just transition: A toolkit for city leaders across the globe
To limit warming to 1.5°C, global emissions need to drop drastically by 2030. This requires systemic change towards a net-zero and resilient economy at an unprecedented scale and pace. A just transition is about leaving no one behind in this shift, protecting livelihoods and maximise the employment benefits of climate action. Full article on C40 Knowledge Hub.
How a new financing pact can help climate-vulnerable countries
Amid an escalating climate emergency and a global debt crisis, calls for a new “fit for climate” global financial architecture are growing louder throughout the developing world. The urgent need for decisive action has been underscored by Barbadian Prime Minister Mia Mottley’s Bridgetown Initiative, the V20 group of climate-vulnerable countries, and the recent Paris Summit for a New Global Financing […]
Financing Net Zero: How to incentivize credible climate action through sustainability-linked and transition finance
Achieving Net Zero requires US$ 125 trillion of finance globally to support the scale up of low-carbon solutions and the transition of high-emitting sectors. How can transition financing mechanisms can be reformed to deliver genuine progress on emissions reductions? Read the full article on The Carbon Trust.
Bridging Net Zero and Poverty Zero Goals: A Crucial Framework for Global Sustainability
The global climate crisis is only going to worsen, exacting huge tolls on people, urgently needed resources, and local, regional, and national economies unless commitments by governments to sharply reduce greenhouse gas emissions by 2030 and hit Net Zero by 2050 are met. These commitments continue to be a work in progress, but a more […]
Green and Social Investments in the Global South will Show Returns Worldwide
If you want to predict the effects of global warming in Europe, just look to Bangladesh. Despite producing merely 0.56% of global CO2 emissions, this country in South Asia is among the most vulnerable to the climate crisis. Floods, storms, intensifying cyclones, rising sea levels: the consequences of the climate crisis are numerous and visible, […]
Five considerations for a just transition for Indigenous communities and ethnic minorities
As the world transitions away from fossil fuels to cleaner sources of energy, justice for Indigenous Peoples in this process needs to be emphasized, not last since a just transition is a requirement in the Paris Agreement. To ensure justice, ethnic minority groups and Indigenous Peoples need to be involved in the decision-making and benefit-sharing, […]
The climate movement needs to engage with Big Mining as never before
The energy transition will require vast amounts of additional mineral extraction… Environmental activists need to ramp up engagement and collaboration with the mining industry if the energy transition is to be secured, however uncomfortable it makes them, argues Daniel Litvin. … He highlights five points to encourage a constructive conversation. Read the full article by […]
Equality to Safeguard the Environment: How Women Improve the Environmental Performance of the Minerals Sector
Mining companies and stakeholders in the mining sector are increasingly acknowledging the tremendous potential and essential role of women in the minerals industry. The same trend is visible in the international discourse on climate change. This blog explores how women are disproportionately affected by climate change and environmental degradation. It looks at how important it […]
We Can’t Fight Climate Change Without Fighting for Gender Equity
Gender equity and environmental sustainability may seem like unrelated issues, but research shows that they are in fact closely intertwined. Women and other underserved groups are disproportionately impacted by the global climate crisis, but they are also uniquely positioned to lead the fight for sustainability. In this piece, the authors offer six strategies to help […]
People and planet together: Why women and girls are at the heart of climate action
As leaders gather in Sharm el-Sheikh for COP27, everyone is thinking about how to accelerate global climate action in a world facing multiple crises. Doing this will require greening entire economies and making transformative investments to reduce emissions, scale up adaptation, and build resilience. Women and girls are at the heart of this. Read the […]
