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Climate Finance and Initiatives


Climate Finance and Initiatives
Annika Ostman / World Bank
The World Bank’s Climate Change Fund Management Unit is home to climate finance initiatives that deliver innovative and scalable climate and environmental action. With more than
$5 billion in capital these initiatives:
Create partnerships to develop new financial instruments for
low-carbon, climate-resilient development,
Build
supportive policy and regulatory environments to help lower the cost of capital and dismantle barriers to projects,
Catalyze private sector capital to finance and
scale-up climate action.
The Unit’s results-based climate finance funds take three approaches to reducing greenhouse gas emissions:
portfolio of programs that supporting similar emissions reduction projects, often small-scale at the household level. It has developed the Standardized Crediting Framework a new approach to crediting emission reductions in the post-Kyoto era. ....

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In Zambia, increasing climate resilience for rural communities through support to sustainable livelihoods


In Zambia, increasing climate resilience for rural communities through support to sustainable livelihoods
Baboo fish at the Limulunga District Kate dam fish farming community project. Photo: Royd Sibajene/World Bank
A visit to the Western province of Zambia is never complete without having a taste of their local ‘mongu fish’. However, the increasing climate variability in the region has resulted in reduced availability of this famous specialty for locals and visitors.
The farmers we work with in Zambia are always searching for innovative means to protect their livelihoods and create sustainable businesses, from the digging of communal solar-powered boreholes to aquaculture cooperatives. But they are not sure what to expect in terms of floods and droughts in the coming years, or how severely climate change will affect their lives. It is for this reason that the Pilot Program for Climate Resilience (PPCR) Phase II, has been supporting various communities within the W ....

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