Resource information
The framework provided a road map for
climate action for the World Bank Group (WBG) over fiscal
years 2009-11, setting out the WBG's objectives,
principles, areas of focus, and major initiatives in the
field of climate change. The framework was organized around
six action areas: 1) supporting climate actions in
country-led development processes; 2) mobilizing additional
concessional and innovative finance; 3) facilitating the
development of market-based financing mechanisms; 4)
leveraging private sector resources; 5) supporting
accelerated development and deployment of new technologies;
and 6) stepping up policy research, knowledge, and capacity
building. Climate change is one of the multiple stressors
that affect the environment and impact on income and
welfare. Further, its impact is worsened by other
environmental damages. Looking ahead, strategies to combat
climate change have to account for the continued need for
rapid growth in developing countries. In this context, the
World Bank is now looking at climate change in a holistic
manner, bringing together climate change efforts with work
on growth and broader management of natural resources and
pollution. The WBG has successfully worked with clients and
partners to mainstream climate considerations into the
WBG's core business and strategies to reach impact on
the ground. Yet this remains a make-or-break decade for
climate action despite escalating levels of engagement
within and outside the WBG.
