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WBG |Moving Toward Climate Budgeting: Policy NoteThis policy note presents several measures of immediate interest to finance ministries for better fiscal planning and expenditure management of climate actions. Category: Climate-Informed Fiscal Planning |
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WBG |Economic Resilience Definition and Measurement (2014)The (economic) welfare disaster risk in a country can be reduced by reducing the exposure or vulnerability of people and assets (reducing asset losses), increasing macroeconomic resilience (reducing aggregate consumption losses for a given level of asset losses), or increasing microeconomic resilience (reducing welfare losses for a given level of aggregate consumption losses). The paper proposes rules of thumb to estimate macroeconomic and microeconomic resilience based on the relevant parameters in the economy. Category: Climate-Informed Fiscal Planning, Climate-Resilient Financial Sector, Align Policies with Paris Agreement, NDC Support and Implementation |
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WBG |Climate Change and Poverty: An Analytical Framework (2014)The paper proposes four channels that determine household consumption and through which households may escape or fall into poverty (prices, assets, productivity, and opportunities). It then discusses whether and how these channels are affected by climate change and climate policies, focusing on the exposure, vulnerability, and ability to adapt of the poor (and those vulnerable to poverty). It reviews the existing literature and offers three major conclusions. Category: Climate-Informed Fiscal Planning |
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WBG |Economic Resilience Definition and MeasurementThe (economic) welfare disaster risk in a country can be reduced by reducing the exposure or vulnerability of people and assets (reducing asset losses), increasing macroeconomic resilience (reducing aggregate consumption losses for a given level of asset losses), or increasing microeconomic resilience (reducing welfare losses for a given level of aggregate consumption losses). The paper proposes rules of thumb to estimate macroeconomic and microeconomic resilience based on the relevant parameters in the economy. Category: Climate-Informed Fiscal Planning, Climate-Resilient Financial Sector, NDC Support and Implementation |
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WBG |Getting a Grip on Climate Change in the Philippines: Excutive ReportTo assess gaps and accelerate implementation of the climate reform agenda, in 2012 the Department of Budget and Management and the Climate Change Commission sought advisory services from the World Bank to carry out a Climate Public Expenditure and Institutional Review (CPEIR). Category: Climate-Informed Fiscal Planning |
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Vivid Economics |The Macroeconomics of Climate Change.Vivid Economics was commissioned by Defra to review techniques for modelling the macroeconomic impacts of climate change and the role of adaptation in the macro-economy. A theoretical framework is developed to enable policy-makers to succinctly yet robustly understand and evaluate macroeconomic models of climate change and adaptation. The literature is reviewed, including cutting-edge work on General Equilibrium modelling, the interaction of climate change and economic growth and the economics of extreme weather events. Category: Climate-Informed Fiscal Planning, Align Policies with Paris Agreement, NDC Support and Implementation |
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IMF |Energy Subsidy Reform: Lessons and ImplicationsEnergy subsidies have wide-ranging economic consequences. While aimed at protecting consumers, subsidies aggravate fiscal imbalances, crowd-out priority public spending, and depress private investment, including in the energy sector. Subsidies also distort resource allocation by encouraging excessive energy consumption, artificially promoting capital-intensive industries, reducing incentives for investment in renewable energy, and accelerating the depletion of natural resources. Category: Promote Carbon Pricing Measures, Climate-Informed Fiscal Planning |
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G20, OECD |Disaster Risk Assessment and Risk Financing: A G20/OECD Methodological Framework.This methodological framework for disaster risk assessment and risk financing is intended to help finance ministries and other governmental authorities in developing more effective disaster risk management strategies and, in particular, financial strategies, building on strengthened risk assessment and risk financing. Category: Climate-Informed Fiscal Planning, Climate-Resilient Financial Sector |
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WBG |‘Green’ Growth, ‘Green’ Jobs and Labor MarketsThe term ‘green jobs’ can refer to employment in a narrowly defined set of industries providing environmental services. But it is more useful for the policy-maker to focus on the broader issue of the employment consequences of policies to correct environmental externalities such as anthropogenic climate change. Most of the literature focuses on direct employment created, with more cursory treatment of indirect and induced job creation, especially that arising from macroeconomic effects of policies. Category: Climate-Informed Fiscal Planning, Align Policies with Paris Agreement, NDC Support and Implementation |
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WBG |From Growth to Green Growth: A Framework (2011)Green growth is about making growth processes resource efficient, cleaner and more resilient without necessarily slowing them. This paper aims at clarifying these concepts in an analytical framework and at proposing foundations for green growth. Category: Climate-Resilient Financial Sector, Align Policies with Paris Agreement, Share Experiences and Expertise, NDC Support and Implementation |
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