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South Asia Advances on Visual Tool Comparing Development over Time

Joe Qian's picture

Proposals aiming to boost innovative climate change solutions often include some form of publicly-supported global venture capital (VC) fund.  The rationale for such a fund is that government funding is generally available for R&D and private financing is available for the commercialization of mature technologies; but funding is unavailable for entrepreneurial activities—such as proof-of-concept, piloting, firm-building, and marketing—that happen between these two stages. Given this situation, a global climate change VC fund could have a decidedly stimulating effect. Of course, it would also be important for governments not to put all their eggs in this basket, since the VC instrument could quickly reach its limits.

The financing gap is particularly severe for climate change mitigation and adaptation technologies for a number of reasons. Not only is the market for these technologies still at a very early stage of development but it is also driven by regulation. Both of these factors represent significant risks for investors. In addition, low carbon technologies tend to be more capital-intensive and require much more start-up financing than other typical VC investment sectors like information technology. The funding gap is particularly deep in the developing world, which presents a riskier business environment and a more fragmented market for investors.

Several VC-style climate-change funds have recently been launched. The Carbon Trust, established by the British government, already invests in clean-technology firms based in the UK.  In partnership with the Qatar Investment Authority, the Carbon Trust plans to set up a £250 million fund called the Qatar-UK Clean Technology Investment Fund, to be supported by both governments. The fund will primarily invest in the UK, but also to some extent in continental Europe and the Gulf Region. This will be the first major publicly-supported climate change VC fund of its size involving more than one country.

Act Responsibly to Save Our Children’s Planet

Dilinika Peiris's picture

A recent open letter to the Bank of England raising concerns over the high level of black carbon assets held on London's stock exchange should be noted by urban leaders around the globe. Echoing an earlier commentary by Sir Nicholas Stern in the Financial Times, the letter raises profound questions about the financial risk and exposure of companies, investors and the UK economy stemming from holdings of high carbon assets. Indeed exposure to high carbon investments could be the game changer that determines which global financial centres rise, and which fall, in the immediate future.

London is without doubt a leading financial centre today, likely second only to New York City, but it has not always been that way. French historian Fernand Braudel skilfully traced the history of preeminent western financial centres, from Venice in 1500, via Antwerp, Genoa, Amsterdam, and London, with New York City emerging as the world's financial hegemon around 1930.

If You Won't Quit, We'll Make You

Antonio Lambino's picture
Cette page en : English | Español 
Pêcheurs dans le quartier de Jamestown à Accra (Ghana), 11 octobre 2015.
Photo © Dominic Chavez/Banque mondiale


Il y a deux ans, plus de 180 pays se réunissaient à Paris pour l’adoption d’un accord historique sur la lutte contre le changement climatique. Porteur d’espoir pour beaucoup, cet accord venait consacrer la volonté de limiter la hausse de la température mondiale en dessous du seuil des 2 °C et de placer le monde sur une trajectoire plus durable.

Le 12 décembre 2017, à l’occasion du One Planet Summit, des chefs d’État et autres dirigeants du monde entier se rassembleront de nouveau dans la capitale française pour réaffirmer leurs engagements et se donner concrètement les moyens de les tenir.

Car le temps presse : les températures mondiales ont déjà augmenté de plus de 1 °C depuis l’époque préindustrielle, et les concentrations de dioxyde de carbone (CO2) n’ont jamais été aussi élevées depuis 800 000 ans — après trois années de stagnation, les émissions mondiales de carbone sont reparties à la hausse en 2017.

Cette année a été marquée par des tempêtes et des inondations d’une violence inédite, qui ont emporté des vies, dévasté des communautés et détruit des infrastructures des Caraïbes au Pacifique Sud, en passant par l’Afrique et l’Asie du Sud. Ces phénomènes météorologiques, de même que les épisodes de sécheresse, l’élévation du niveau de la mer et les autres conséquences du changement climatique, risquent de faire plonger 100 millions de personnes supplémentaires dans la pauvreté d’ici à 2030.

Some (Possibly Heretical) Thoughts on Agriculture

Shanta Devarajan's picture

Since the publication of the 2008 World Development Report, there has been a vigorous discussion in the development community about agriculture; today’s publication of the World Bank’s Agriculture Action Plan is a milestone in that process.  To stimulate further discussion on the subject, here are some thoughts from a garden-variety economist.

1. The oft-quoted statement, “GDP growth originating in agriculture is about four times more effective in raising incomes of extremely poor people than GDP growth originating from other sectors,” is an arithmetical point, not an economic point.  It simply reflects the fact that 75 percent of the world’s poor depend on agriculture for their livelihoods.

24 Hours in the Life of Some Horizontal Learners

Mark Ellery's picture

Thomson Reuters recently interviewed MIGA’s COO James Bond for its newly-launched website dedicated to frontier markets. It’s certainly worth a browse.

Your Comments on Africa's Successes

Shanta Devarajan's picture

The African Successes post has generated a vigorous exchange of ideas.  I appreciate receiving your comments on the study, your suggestions for success stories, and your views on development approaches that have worked and those that have not.  

Les Réussites Africaines

Shanta Devarajan's picture

Ces dernières années, de nombreux pays africains ont commencé à faire preuve d’un dynamisme remarquable.

Le taux de croissance  enregistré au Mozambique est fulgurant, affichant une moyenne annuelle de 8 % sur plus de dix ans. Le Kenya est devenu l'un des plus importants fournisseurs mondiaux de fleurs coupées. Le service M-Pesa, qui permet d’effectuer des transferts d’argent à partir d’un téléphone mobile, rencontre un succès grandissant tandis que le programme KickStart aide les petits agriculteurs à irriguer leurs cultures à moindre coût. Le tourisme rwandais fleurit depuis qu’il s’est axé sur la vie des gorilles et dans la ville de Lagos au Nigéria, les nouvelles infrastructures du BRT (réseau de transport rapide par bus) facilite un développement urbain plus efficace. En deux mots, l’Afrique est en train de vivre une réelle transformation.

Today: Ask questions to health expert about H1N1 virus

James I Davison's picture

El pronóstico para el cambio climático (i) ha cambiado sin lugar a dudas de la noche a la mañana, con ciertas noticias positivas para el planeta y para el crecimiento económico.

Los presidentes de Estados Unidos, Barack Obama, y de China, Xi Jinping, demostraron que, en conjunto, están impulsando la lucha mundial contra el cambio climático. Sus países son las dos economías más grandes del mundo y las mayores emisoras de contaminantes atmosféricos.

Los compromisos de ellos son un primer paso absolutamente esencial para mantener el calentamiento del planeta por debajo de los 2 grados centígrados, y evitar las desastrosas consecuencias de un mundo aún más incierto. China se comprometió a no superar una cifra máxima de emisiones para 2030 y a que el 20 % de su energía provenga de fuentes renovables, y Estados Unidos estuvo de acuerdo en reducir sus emisiones un 26 % a un 28 % por debajo de los niveles de 2005 antes de fines de 2025. Lo que es más importante, ambos acordaron aumentar su colaboración conjunta en programas de  investigación y desarrollo relativos a la energía limpia.

Bank Group receives support for more funds, expanded ‘voice’

Angie Gentile's picture

In parallel to significant legal changes affecting sexual minorities throughout the developing world, our clients are increasingly acknowledging the existence of significant marginalized sexual minorities and the need to integrate their needs in the development process and public policy decision-making. However, as development practitioners, our knowledge of the extent and mechanisms of the interconnections between sexuality and poverty is almost exclusively based on anecdotes and intuition.

Quote of the Week

Antonio Lambino's picture

"There are many approaches to evaluating public health communication programs, all of them struggling to resolve the tension between making strong inferences and making sure that an intervention has gotten a fair test.  There will always be some way to question the inferences made or the generality of the results to other contexts.  That does not take away from the legitimacy of the evaluations.  The fair question for them is whether they have gone reasonably down the path toward reducing uncertainty.  A valuable study is one that can usefully inform the policy community about whether the intervention approach is worthy of support, without promising that there is no risk of a mistake.  A study is valuable if future judgments about programs are better made taking this information into account than remaining ignorant of it."

- Prof. Robert C. Hornik (2002, p. 405)
Public Health Communication: Evidence for Behavior Change


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