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Tracking activities with Climate Co-benefits – MDB experience. October 2011. www.worldbank.org/climatechange. Context: Why a tracking system

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tracking activities with climate co benefits mdb experience

Tracking activities with Climate Co-benefits – MDB experience

October 2011

www.worldbank.org/climatechange

slide2

Context: Why a tracking system

  • Increasingly reliable, comprehensive and transparent reporting is needed to demonstrate that new climate finance instruments are not introduced at the expense of those targeting other objectives
  • Exact and comparable figures on additional contributions to fund incremental expenses are not possible to ascertain at low cost.
  • Need to continue to develop and improve Rio Markers
what is being tracked at wb
What is being tracked at WB ?
  • Tracks inputs (dollars of investments), as a percentage share of costs, for projects in the World Bank’s portfolio:
    • that provide direct climate adaptation benefits
    • that provide direct climate mitigation benefits
  • The shares for mitigation and adaptation are independent of each other and are made using a “without project” situation baseline.
  • The system does not measure nor report the amount of avoided carbon emissions nor increases in resilience that these investments yield.
  • Tracks lending and non-lending operations.
how is the tracking done at wb
How is the tracking done at WB?
  • Project managers will apply expert judgment to assign the percentage share of costs based on guidance that includes step-by-step instructions, definitions and typology of WB activities with climate co-benefits. (Time requirement 5-15 minutes.)
  • Data will be reviewed centrally at time of project approval for quality assurance and control.
  • All assessments are carried out at the project sub-component level, the lowest level for which costs are available.
analyzing the project based on guidance
Analyzing the project based on guidance:

Adaptation co-benefits = $50 million Mitigation co-benefits = $13 million

what is recorded in the system
What is recorded in the system:
  • For each economic sector that is impacted by the project:
    • share of project commitments allocated to impacted sector.
    • share of allocation to impacted sector that contribute to adaptation co-benefits
    • share of allocation to impacted sector that contribute to mitigation co-benefits
  • System will aggregate data from projects to the portfolio level to report
    • Amount of commitments that provide adaptation co-benefits
    • Amount of commitments that provide mitigation co-benefits
implementation of coding system
Implementation of coding system
  • By end of calendar year 2011
    • Detailed methodology and approach finalized
    • Initial results available for approvals in FY11
  • Implementation in 2012
    • Staff training
    • Integration of coding into the Bank data systems
  • Fully operational – July 2012