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The World Bank Climate Change Action Plan demonstrates how the World Bank Group (WBG) intends to meet these challenges and opportunities by scaling up climate action, integrating climate change across its operations, and working more closely with others.
The Action Plan is driven by client demand, focused on activities that support the WBG’s core mission, and builds on the WBG’s comparative advantage.
The Action Plan is underpinned by five strategic shifts for the WBG’s climate work:
(i) Implementation: the WBG focus will accelerate support for countries and companies to implement the plans they have developed.
(ii) Convergence: the WBG climate and development agendas will be fully integrated into strategies and operations, and global- and country-level action will be aligned.
(iii) Maximizing impact: the WBG will increase its focus on impact at scale, including shaping national investment policies and programs and mobilizing private finance.
(iv) Resilience: the WBG climate portfolio will be rebalanced—putting a greater focus on adaptation and resilience.
(v) Transformation: achieving global climate commitments will require a shift from business as usual.
The Action Plan was retrieved from the World Bank Group and published on 7 June 2016.
Citation:
“World Bank; IFC; MIGA. 2016. World Bank Group Climate Change Action Plan 2016-2020. © World Bank, Washington, DC. http://hdl.handle.net/10986/24451 License: CC BY 3.0 IGO.”
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