Can the World Bank Deliver on Climate Change?
Can the World Bank Deliver on Climate Change? This paper discusses the establishment of a Loss and Damage Fund and Funding Arrangements at COP27 and COP28, with the World Bank’s involvement highlighted.
It emphasizes the importance of the World Bank’s commitment to evolving its policies in addressing loss and damage within broader efforts to modernize. It also touches upon the introduction of climate-resilient debt clauses (CRDCs) or “pause clauses” and the role of the World Bank in hosting the Fund amidst debates and concerns from developing countries.
Additionally, the paper emphasizes the need for political leadership and resource mobilization to address climate change effectively.
The organisations behind the report
The International Peace Institute (IPI) is an independent, international not-for-profit think tank dedicated to managing risk and building resilience to promote peace, security, and sustainable development.
The Global Challenges Foundation provides support for “Can the World Bank Deliver on Climate Change? Testing the Evolution Roadmap through Loss and Damage.”