During 2009-2010, IDA investments in renewable energy activities doubled from an average of US$103 million to US$233 million.
During 2009-2010, IDA delivered 20 analytical and advisory assistance products dealing specifically with adaptation and vulnerability to climate change.
IDA is focusing on making Clean Development Mechanism flows accessible to Africa: 20 percent of active projects in the World Bank’s carbon finance portfolio are in Africa, compared with a 2–3 percent share in the overall Mechanism pipeline.
Support in creating climate-resilient poverty reduction and development paths has become a development imperative. The poorest and most vulnerable countries will suffer most from the impacts of climate change. In the past year the International Development Association (IDA) has had unprecedented demand from many countries for support in their efforts to address development and climate change challenges. IDA countries also face the challenge of planning for and investing in low carbon solutions. IDA has responded with a broad range of assistance through an effective combination of financial and other resources.
In South Asia, climate change is no longer an issue for the distant future. The poorest people are the ones who are most at risk. Learn More about Climate Change initiatives in the region
Carbon market and carbon financing form part of a larger global effort to combat climate change. Listen to the podcast to learn more about Carbon Finance
Developing countries face about 75 to 80 percent of the potential damage from climate change. Watch this slide show to learn more about climate change and the World Bank’s World Development Report 2010. A Changing Climate for Development »