The floods that swept through several regions of Brazil this past May displaced more than half a million people. The floodwaters not only destroyed their belongings but also disrupted their access to electricity, clean water, education, and healthcare. These disruptions have long-lasting effects on human capital, which are crucial for long-term resilience and economic stability. […]
The need to mitigate climate change has never been more urgent. Governments play a critical role in the green transition, through green public investment, subsidies, and implementing carbon pricing policies. This column uses a macro-climate model to examine the interplay between mitigation policies and fiscal sustainability considerations. It highlights a key trade-off between limiting transition […]
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 […]
