The report, Land Tenure for Social and
Economic Inclusion in Yemen: Issues and Opportunities was
completed in December 2009. The report addresses the
problems of land ownership in Yemen and the various social
and economic problems associated with the system of land
ownership. Property rights under Yemeni Law are expressed
both in custom and statute, but both are informed by shari a
(Islamic law), which provides the basic property categories

Economic, agronomic, and biophysical drivers affect global land use, so all three influences need to be considered in evaluating economically optimal allocations of the world’s land resources. A dynamic, forward-looking optimization framework applied over the course of the coming century shows that although some deforestation is optimal in the near term, in the absence of climate change regulation, the desirability of further deforestation is eliminated by mid-century.

The World Bank Group was a principal founding partner of the Global Environment Facility (GEF) in its pilot phase in 1991, and of the restructured GEF in 1994. The Bank plays three different roles in the GEF: (a) as trustee of the GEF and related trust funds, (b) as implementing agency, including the implementation of private-sector GEF projects by the International Finance Corporation (IFC), and (c) as the host organization of the functionally independent GEF secretariat.

Changes in climate and their impact on agricultural systems and rural economies are already evident throughout Europe and Central Asia (ECA). Adaptation measures now in use in Albania, largely piecemeal efforts, will be insufficient to prevent impacts on agricultural production over the coming decades. There is growing interest at the country and development partner levels to have a better understanding of the exposure, sensitivities, and impacts of climate change at farm level, and to develop and prioritize adaptation measures to mitigate the adverse consequences.

Agricultural production is inextricably tied to climate, making agriculture one of the most climate-sensitive of all economic sectors. In countries such as the Former Yugoslav Republic (FYR) of Macedonia, the risks of climate change for the agricultural sector are a particularly immediate and important problem because the majority of the rural population depends either directly or indirectly on agriculture for their livelihoods.

This year's edition of the little green data book includes a focus story on oceans and its ecosystem services, as well as estimates of global marine fisheries wealth accounts, a first step in capturing the value of this important resource stock. A new set of ocean-related indicators are also introduced, highlighting the role of oceans in economic development and providing policy makers the information to make better decisions for the sustainable management of oceans.

In response to the pressing global challenges of climate change, initiatives under the auspices of ‘reducing emissions from deforestation and forest degradation’ (REDD) have been implemented in over 30 developing and least-developed countries since 2005. The initiatives cover nearly every significant and vulnerable forest ecosystem worldwide. In this study we review six representative initiatives, two each from Africa, Asia and Latin America.

The carbon market endured its most challenging year to date in 2009. The global economic crisis, which started in late 2008 and intensified early in 2009, negatively impacted both the demand and supply sides of the market. As industrial output plummeted the demand for carbon assets fell. Yet even as global GDP declined by 0.6 percent in 2009, and at a more perilous rate of 3.2 percent in industrialized economies, the carbon market demonstrated resilience.

Release of the final report of the International Comparison Program (ICP) and publication of new estimates of purchasing power parities (PPPs) in World Development Indicators 2008 are an important statistical milestone. The estimates offer a consistent and comprehensive set of data on the cost of living in developed and developing countries, the first since 1997, when the results of the previous ICP data collection were published in World Development Indicators. The 2005 data cover 146 countries and territories, 29 more than the last round in 1993, and many for the first time.

The carbon market is the most visible result of early regulatory efforts to mitigate climate change. Regulation constraining carbon emissions has spawned an emerging carbon market that was valued at US$64 billion (Euro 47 billion) in 2007. Its biggest success so far has been to send market signals for the price of mitigating carbon emissions. This, in turn, has stimulated innovation and carbon abatement worldwide, as motivated individuals, communities, companies and governments have cooperated to reduce emissions.

Over the past year, the global economy has cooled significantly, a far cry from the boom just a year ago in various countries and across markets. At the same time, the scientific community communicated the heightened urgency of taking action on climate change. Policymakers at national, regional, and international levels have put forward proposals to respond to the climate challenge. The most concrete of these is the adopted European Union (EU) climate and energy package (20 percent below 1990 levels by 2020), which guarantees a level of carbon market continuity beyond 2012.

Carbon transactions are defined as purchase contracts or ERPAs (Emission Reductions Purchase Agreements) whereby one party pays another party in return for greenhouse gas (GHG) emissions reductions that the buyer can use to meet its compliance or corporate citizenship - objectives vis-a-vis GHG mitigation. Payment is made using one or more of the following forms: cash, equity, debt, or in-kind contributions.