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Tracking activities with Climate Co-benefits – MDB experience

The World Bank has developed a tracking system for climate co-benefits in its portfolio, aiming for reliable, comprehensive, and transparent reporting of climate finance. This system evaluates the financial contributions to climate adaptation and mitigation benefits in projects, allowing for precise assessment and accountability. Project managers utilize expert judgment to assign cost shares, monitored through a quality assurance process. The system is set for full implementation by mid-2012, with a focus on improving guidance and training, leading to improved data integration and reporting on climate finance contributions.

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Tracking activities with Climate Co-benefits – MDB experience

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  1. Tracking activities with Climate Co-benefits – MDB experience October 2011 www.worldbank.org/climatechange

  2. 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

  3. 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.

  4. 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.

  5. Examples of sector-specific guidance

  6. Example: Sample Project to be coded….a $100 million Water supply & sanitation project

  7. Analyzing the project based on guidance: Adaptation co-benefits = $50 million Mitigation co-benefits = $13 million

  8. 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

  9. 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

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