W O R L D B A N K O P E R AT I O N S A N D C L I M AT E C H A N G E
The number of projects has increased sharply since 2004, reflecting the entrance of the carbon funds (figure 3.1a). However, the total volume of climate-related components has stayed relatively constant since Rio (1992), except for a large spike in 2006 associated with the two large HFC-23 carbon projects (figure 3.1b). The other carbon projects are relatively small.
GHG mitigation in a sectoral context, With the introduction of 18 with concrete targets related to carbon funds, the number mitigation. However, the quality and of projects increased nature of these references varied. sharply. Some were concerned with CDM participation, while most did not mention GHGs explicitly. Only 11 mentioned climate vulnerability or adaptation finance.
Country Assistance Strategies A recent review by Nakhooda (2008) assessed 54 CASs issued over the period 2004–07 for mention of climate change. She found 32 that discussed
For this evaluation, IEG reviewed the country strategies of the 33 Bank clients with the largest energy-related GHG emissions over the period 1995–2007 (table 3.2). Twenty of these countries
Figure 3.1: World Bank Climate-Themed Projects and Commitments (in $ millions by year, 1990–2007) a. Number of Projects 40
Number of projects
35 30 25 20 15 10 5 0
1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007
b. Commitments
World Bank commitments, US$ millions
1,200 1,000 800 600 400 200 0
1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 Other lines
IBRD/IDA
Carbon offset
GEF
Source: World Bank data, June 2008. Note: Commitment amounts reflect proportion of total commitments associated with climate change; 2006 spike in commitments reflects two large carbon finance operations.
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