As the urgency to combat climate change intensifies, the World Bank Group is stepping up its support for countries by leveraging innovative financing mechanisms for climate action. Two key initiatives in this effort are the Forest Carbon Partnership Facility (FCPF) and the BioCarbon Fund Initiative for Sustainable Forest Landscapes (ISFL), which are vital components of the Bank’s strategy to help […]
In recent years, South Asia has been beset with an unprecedented combination of negative shocks. In Sri Lanka, an economic crisis on the heels of COVID-19 pushed approximately 3 million people into poverty. In Pakistan, the devastating 2022 floods – a direct result of the country’s vulnerability to climate change – left between 8.4 million and […]
Armenia is poised to benefit economically and environmentally from electric vehicle adoption, driven by affordable electricity and regulatory reforms. By implementing a comprehensive policy framework, the nation can enhance air quality and reduce dependency on imported oil. The global sale of electric vehicles increased by 35% in 2023. However, this growth was concentrated in the […]
