Towards a Climate-Smart World: 12 Ways for a Resilient Future

By Vera Shawiza / December 7, 2017

Climate-Smart

Two years ago, more than 180 countries came together to sign the landmark climate Paris Agreement – to keep global temperature rise well below 2 degrees Celsius.

But global temperatures have already increased by over 1 degree Celsius since the pre-industrial era. And concentrations of carbon dioxide in the atmosphere are now at their highest for 800,000 years. After three years in which global emissions had leveled off, they recently started to rise again.

What seems like a small change in temperature is already preventing people from escaping poverty, and without rapid, inclusive and climate-smart development, there could be more than 100 million additional people in poverty by 2030.

For example, by 2030, crop yield losses could mean that food prices would be 12 percent higher on average in Sub-Saharan Africa. The strain on poor households, who spend as much as 60 percent of their income on food, will be dramatic. The resulting malnutrition could lead to an increase in severe stunting in Africa of 23 percent. 

To remain globally competitive Kenya has to manage and sustain her environment and natural resource base. The country subsistence and national economies, foreign exchange and significant contribution to GDP depend on agriculture and agro-based industries, tourism, water resources and hydropower.

Kenya has not been left out on issues of climate change. It has experienced droughts, floods and other extreme climate events with increased frequency in recent years. This is reflected in the scientific literature, and noticed by Kenya’s people, who have become increasingly alarmed by the impacts of climate change on their livelihoods.

Kenya’s second Medium Term Plan 2013-2017 expressly recognizes the importance of adopting a low-carbon growth pathway, while climate change is a permanent standing item for the National Economic and Social Council.

Over the last two years, the World Bank Group has been on the frontline, committing billions to help countries meet their climate goals, delivering assistance across sectors, and pushing forward on global issues to reflect the growing international consensus that climate change must be tackled rapidly, systematically, and at scale.

The Bank Group is committed to increasing the climate-related share of its portfolio to 28 percent by 2020, in response to client demand. At current levels of co-financing, that would mean a potential $29 billion a year for climate projects by 2020.

To help accelerate the flow of finance for climate action, the World Bank and the United Nations launched a new platformInvest4Climate, which brings together national governments, financial institutions, investors, philanthropists, and multilateral banks to identify climate investment opportunities, support policy reform and the crowd in private investment.

The platform aims to crowd in private and other investors for high-impact opportunities in developing countries such as the large-scale development of battery storage, electric cars, and energy efficient air conditioning.

Ahead of the One Planet Summit on December 12, here are 12 ways the World Bank Group is helping countries transform into a climate-smart world:

  1. 1. Resilient CoastsA regional investment platform aims to crowd-in finance to manage coastal erosion and flooding in West Africa
  2. Climate InsuranceA risk insurance program can help bolster relief efforts for vulnerable countries and speed up recovery in the Philippines.
  3. Climate-Smart Agriculture: Cocoa and chocolate producing countries and companies take action to end deforestation.
  4. Resilient CitiesA City Resilience Program will help connect hundreds of cities access the finance they need to become climate-smart.
  5. MobilityA bus rapid transit system will enhance urban mobility, reduce pollution and promote economic growth in Senegal.
  6. Forests/LandscapesA unique collaboration helps the coffee industry in Ethiopia become more resilient to climate change and restore vital forests.
  7. HydrometNew and modernized hydromet services will strengthen early warning and response systems across Africa
  8. Green BondsThe largest new green bond fund dedicated to emerging markets is expanding financing for climate-smart investments
  9. Carbon PricingA coalition of global leaders is driving climate action with effective carbon policies worldwide
  10. 10Solar: A 750 ultra-mega solar plant will help power Delhi’s metro rail system in India.
  11. Geothermal: A new facility will lead to the development of large-scale geothermal energy in Indonesia.
  12. 1Energy Efficiency: An energy services company drives down prices of LED bulbs and unlocks energy efficiency potential in India.


About Vera Shawiza

Vera Shawiza is Soko Directory’s in-house journalist. Her zealous nature ensures that sufficient and relevant content is generated for the Soko Directory website and sourcing information from clients is easy as smooth sailing.

Vera can be reached at: (020) 528 0222
or
Email: [email protected]

View other posts by Vera Shawiza