The Development, Climate, and Nature Crisis : Solutions to End Poverty on a Livable Planet – Insights from World Bank Country Climate and Development Reports covering 42 economies

Descargar recurso
The Development, Climate, and Nature Crisis : Solutions to End Poverty on a Livable Planet – Insights from World Bank Country Climate and Development Reports covering 42 economies

Detalles

The World Economic Forum ranked biodiversity and ecosystem collapse as the third most serious global risk in the next ten years. There are also significant business opportunities to meet the needs of the transition to being nature positive, estimated at USD 10.1 trillion. However, there are challenges in seizing these opportunities: the UK is estimated to have a financial deficit of £56 billion to achieve its nature-related outcomes.

The world is facing a triple crisis of three interconnected issues – development, climate and nature – and current levels of climate action are insufficient. Beyond the gloomy headlines, there are increasingly clear opportunities to achieve triple victories.

To support the alignment of sustainable development priorities and actions with climate change risks and objectives, the World Bank launched the Country Climate and Development Report (CCDR) in 2022. This basic diagnostic tool aims to help countries prioritize the most impactful measures to boost resilience and adaptation and reduce greenhouse gas emissions, while meeting broader development and sustainability goals. CCDRs now cover 56% of the population of low- and middle-income countries (LRPs and MICs) and 73% of their gross domestic product (GDP).

The second set of CCDRs also includes a high-income country (HIC), Romania. One of the main additions to the CCDRs published since COP27 concerns tropical forests, a key dimension of the global climate change challenge. The first set of CCDRs only covered 10 percent of the world's tropical forests, but the addition of countries with key forests—including Brazil, the Democratic Republic of the Congo, Indonesia, and the Republic of Congo—increases coverage to 56 percent. Many CCDRs (including Romania and Turkey) also analyse the role of non-tropical forests for resilience and emission reduction. This second summary report builds on the first report published before COP27.

While it is important to caution against differences in scenarios and ambition, modelling framework and scope of analysis, this report provides aggregated results that can help governments, private sector investors, citizens and development partners prioritise the most impactful climate actions. It confirms – in more detail and stronger evidence, based on a larger number of countries – the main findings of the first summary report, but also addresses new issues, such as deforestation and land degradation. It aims to inform global priorities, including the World Bank's Evolution Roadmap and Global Challenge Programs (GCPs), as well as other global initiatives.

Recursos relacionados

REPORTING OBLIGATIONS

REPORTING OBLIGATIONS

This study provides an overview of the regulatory reporting and disclosure overlaps faced by companies under the Corporate Sustainability Reporting…