With 189 member countries, staff from more 170 countries, and offices in over 130 locations, the World Bank Group is a unique global partnership: five institutions working for sustainable solutions that reduce poverty and build shared prosperity in developing countries. The World Bank Group works in every major area of development. We provide a wide array of financial products and technical assistance, and we help countries share and apply innovative knowledge and european investment bank green bonds to the challenges they face.
We face big challenges to help the world’s poorest people and ensure that everyone sees benefits from economic growth. Data and research help us understand these challenges and set priorities, share knowledge of what works, and measure progress. Climate change affects all of us. But it is expected to hit developing countries the hardest. Tackling this immense challenge must involve both mitigation—to avoid the unmanageable—and adaptation—to manage the unavoidable—all while maintaining a focus on its social dimensions.
Addressing climate change requires unprecedented global cooperation across borders. The World Bank Group is helping support developing countries and contributing to a global solution, while tailoring our approach to the differing needs of developing country partners. We are strengthening and building climate change partnerships with our member governments and a wide array of organizations. In 2008, the World Bank launched the “Strategic Framework for Development and Climate Change” to help stimulate and coordinate public and private sector activity to combat climate change. The World Bank Green Bonds is an example of the kind of innovation the World Bank is trying to encourage within this framework. The World Bank Green Bond raises funds from fixed income investors to support World Bank lending for eligible projects that seek to mitigate climate change or help affected people adapt to it.
A rated fixed income product that supports projects that address the climate challenge. Since 2008, the World Bank has now issued over USD 10. 2 billion equivalent in Green Bonds through more than 135 transactions in 18 currencies. World Bank Green Bonds are an opportunity to invest in climate solutions through a high quality credit fixed income product. The triple-A credit quality of the Green Bonds is the same as for any other World Bank bonds. Project selection criteria: how the World Bank defines “green”The World Bank’s Green Bond program supports the transition to low-carbon and climate resilient development and growth in client countries.
This includes both mitigation of and adaptation to climate change—all while observing the World Bank’s safeguard policies for environmental and social issues. Eligible projects supported by the Green Bond program are selected by World Bank environment specialists and meet defined World Bank eligibility criteria for low-carbon and climate resilient development. Carbon reduction through reforestation and avoided deforestation. Sustainable forest management and avoided deforestation.