To respond to climate change effectively, human capital needs to be at the heart of policy responses. This policy note demonstrates the impacts of climate change across the lifecycle and provides a framework of policy and program interventions to protect, build, and use human capital to minimize...

Indonesia has been successful in navigating the macroeconomic fallout from asynchronous global shocks. Gross domestic product (GDP) growth remains strong though the economy is yet to fully recover to its pre-pandemic trajectory. This is consistent with labor market trends, which show a recovery...

Carbon prices are needed to incorporate climate change costs into economic decision making. Carbon pricing should be included as part of a broader arsenal of tools to achieve domestic climate targets, but it is not a silver bullet: other policy instruments and investments (for example, public...

Achieving the goals of the Paris Agreement requires countries to finance transformational changes with significant investments in both mitigation and resilience-building. International public climate finance with some degree of concessionality (i.e., climate finance) makes it possible to provide...

By 2050, two-thirds of the planet's population will live in urban centers, and nearly 90 percentof the 2.5 billion new urban dwellers will live in Africa and Asia. The world's urban areas wereresponsible for around 70 percent of greenhouse gas (GHG) emissions in 2013, and that numbercould grow...

Climate auctions are an innovative climate finance mechanism, with high potential to support nationally determined contribution (NDC) implementation and deepening through efficiently leveraging private investment. The World Bank has developed the climate auction model through the work of the...

This working paper commissioned by the World Bank Carbon Markets and Innovation Practice (GCCMI) critically examines experience with carbon markets under the Kyoto protocol. The de facto end of the Kyoto Protocol and heralding of the Paris Agreement era has created the space for critical...

With the Paris Agreement and most of its detailed rulebook now finalized, countries and subnational actors face the challenge of translating climate targets and strategies into action and determining how to finance these actions. Through the Pilot Auction Facility for Methane and Climate Change...

The Paris Agreement introduced a bottom-up approach for addressing climate change by enabling countries to pledge individual commitments through nationally determined contributions (NDCs). Furthermore, Article 6 of the Paris Agreement recognizes that Parties may engage in bilateral cooperative...

This report analyses options to make international public climate finance more transformative. The report identifies eight sets of levers to drive climate action: project-based investments, financial sector reform, fiscal policy, sectoral policies, trade policy, innovation and technology...