World Bank Group - Climate-smart development: adding up the benefits of actions that help build prosperity, end poverty and combat climate change

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This new report by the World Bank Group and the Climate Works Foundation provides concrete data to help policy-makers understand the broader potential of climate-smart development investments.  

It outlines how government actions can boost economic performance and benefit lives, jobs, crops, energy, and GDP - as well as emissions reductions to combat climate change.  

  • With careful design, the same development projects that improve communities, save lives, and increase GDP can also fight climate change.
  • A new study examines the multiple benefits for a series of policy scenarios addressing transportation and energy efficiency in buildings and industry in five countries and the European Union.
  • It provides concrete data to help policymakers understand the broader potential of climate-smart development investments.

Modernizing landfills and cleaning up open dumps have obvious benefits for surrounding communities, but the value reaches deeper into the national budget that may be evident at first glance.

For a country like Brazil, where waste-to-energy technology is being piloted today, integrated solid waste management practices including building sanitary landfills that capture greenhouse gas emissions to generate electricity can improve human health, add jobs, increase the energy supply, reduce the impact on climate change, and boost national GDP.

“Climate change poses a severe risk to global economic stability, but it doesn’t have to be like this,” said World Bank Group President Jim Yong Kim. “At the World Bank Group, we believe it’s possible to reduce emissions and deliver jobs and economic opportunity, while also cutting health care and energy costs. This report provides powerful evidence in support of that view.”

The report, Climate-Smart Development: Adding Up the Benefits of Actions that Help Build Prosperity, End Poverty and Combat Climate Change, focuses on five large countries – Brazil, China, India, Mexico, and the United States – plus the European Union. It examines the benefits of all six implementing three sets of policies on clean transportation, energy efficiency in industry, and energy efficiency in buildings.

To read the full report, please click here.  

To read the full story, please visit the World Bank Group.