The CCDRs are:
- It is firmly rooted in the country's development goals.
- An analytical report that reflects the views of the World Bank Group and is intended to engage government officials, the private sector, academia, think tanks, civil society, and other stakeholders.
- It will initially be produced for 25 countries and will be rolled out to all WBG countries over the next four years.
What does success look like?
CCDR can help Informing policy and institutional reformsimilarly public and private investment, supporting high-impact climate change countermeasures. For high-emitting countries, this means supporting those who are adversely affected by climate action, integrating adaptation and resilience considerations with the need for a just transition, while ensuring greenhouse gas emissions in their approach, planning, budgeting and strategy. It means integrating gas emissions reduction with development goals. For countries with high vulnerability, this means integrating approaches that help them better prepare for and adapt to the risks of climate change, while also taking into account the benefits of transitioning to a low-carbon economy.
As a public document, the CCDR can: Inform the platform to engage governments, citizens, the private sector and partners to address the challenges of development and climate change, supported by better coordination at the country level. CCDRs can also signal high-impact actions that have the potential to attract funding from concessional and commercial financing from development finance institutions and the private sector, including non-traditional donors.
How are CCDRs manufactured?
The CCDR draws on expertise from the World Bank, the International Finance Corporation (IFC), the Multilateral Investment Guarantee Agency (MIGA), and coordination with the International Monetary Fund (IMF). Benefit from collaboration with government officials, the private sector, academia, think tanks, and civil society. Open to the public and produced for 25 countries this year, it will be rolled out to all his WBG customer countries over the next five years.
What does CCDR accomplish?
CCDR helps inform national development strategies in ways that integrate climate and development. Help countries define, update and implement their NDCs by identifying concrete ways to increase resilience and adaptation and reduce GHG emissions in ways that support development. Help inform WBG's country engagement products, including Systematic Country Diagnostics (SCD) and Country Partnership Frameworks (CPF).
The launch of CCDR can inform the platform for governments and private sector investors, citizens and partners to address development and climate change challenges. CCDR will support coordinated national climate platform activities by convening private sector investors alongside governments and his MDBs to foster new private financing activities and long-term environmental enhancements. We can help. CCDR can therefore support the direct provision of concessional and private finance for high-impact climate action from development financiers, including non-traditional donors, and the private sector.
Examples of questions CCDR considers:
adaptation and resilience
What are the country's main risks from disasters and climate change? What are the poverty, distribution, employment and exclusion impacts of existing climate risks on households and communities? Major exporting countries, What are the risks to sectors that are employers or value-added creators? What policy changes and investments should be prioritized to support the necessary adaptation and resilience efforts? How much does the investment cost?
Low carbon transition:
What are the costs, challenges, and opportunities of climate action to reduce greenhouse gas emissions, increase productivity and growth, and reduce poverty? The country's economy and finances will benefit from reduced demand for fossil fuels. How susceptible and resilient are they to the introduction of trade policies that favor low-carbon goods and services? How will people be affected by the low-carbon transition? , what measures can be taken to support the negatively affected parts of society? What policy changes and investments need to be prioritized to achieve meaningful reductions in GHG emissions?
Funding for transition:
What is the cost of investment to support climate action and how will it be financed? What are the implications for fiscal and debt sustainability? How can policy reforms address this? Can financing be informed and supported? What are the bottlenecks to private sector investment in climate action? And how can private sector engagement, including capital mobilization, be facilitated and supported? Do we need significant regulatory reform and incentives?
- CCDR proposes a selected set of climate-related recommendations and assesses the costs and benefits for countries to achieve green, inclusive and resilient development.
- The recommendations are expected to focus on actions that can be taken over the next decade and identify areas for high-impact action.
- Funding is a key issue, so it is especially important to make recommendations that take into account spending and funding/financing where possible.