The emerging carbon market encompasses both project-based emission reduction transactions, whereby a buyer participates in the financing of a project which reduces greenhouse gases (GHGs) emissions, compared with what would have happened otherwise, and gets some of the emission reductions (ERs) thus generated in return; and, trades of GHG emission allowances allocated under existing, or incoming, cap-and-trade GHG emissions control regimes.

This report builds on the consensus
developed at the August 2002 Johannesburg World Summit on
Sustainable Development. It draws on the effort to achieve
the Millennium Development Goals by 2015. And it looks
beyond, to 2050, to envision a future that is far more
prosperous and more equitable than today. This work raises
some hard questions: How do we ensure that the progress
achieved by 2015 is sustainable? What quality of growth will

In July 2001, the extractive industries
review (EIR) was initiated with the appointment of Dr. Emil
Salim, former Minister of the Environment for Indonesia, as
eminent person to the review. The EIR was designed to engage
all stakeholders-governments, nongovernmental organizations
(NGOs), indigenous peoples' organizations, affected
communities and community-based organizations, labor unions,
industry, academia, international organizations, and the

This environment strategy outlines the
current thinking in the World Bank Group Africa Region about
priorities and actions for the institution in the
environmental arena. The Africa Region Environment Strategy
(ARES) outlines the Bank's commitment to help its
clients achieve sustainable poverty reduction through better
environmental management. It identifies the most urgent
issues at the interface of environment and poverty and

In July 2001, the extractive industries
review (EIR) was initiated with the appointment of Dr. Emil
Salim, former Minister of the Environment for Indonesia, as
eminent person to the review. The EIR was designed to engage
all stakeholders-governments, nongovernmental organizations
(NGOs), indigenous peoples' organizations, affected
communities and community-based organizations, labor unions,
industry, academia, international organizations, and the

The trends toward ecosystem degradation
and social change are affecting coastal areas around the
world, not least in Sub-Saharan Africa. The crisis affecting
this region's coastal and marine areas requires an
urgent and resolute response from the global community. This
report details the challenges facing coastal and marine
environments in Sub-Saharan Africa. It describes the World
Bank's strategy for supporting sustainable development

This book presents papers on several
events organized by the World Bank's Disaster
Management Fund (DMF). The DMF's objectives are to help
the Bank provide a more strategic and rapid response to
disaster emergencies and to integrate disaster prevention
and mitigation measures in all Bank activities. Part I of
this book on risk identification contains chapters on the
economic impacts on natural disasters in developing

The study examines Bangladesh's
extreme vulnerability to climate change, whose low-lying
topography, and funnel-shaped coast, further exposes the
land to cyclones, and tidal surges, resulting in seasonal
floods. These factors, and the large population base,
widespread poverty, aggravated by the lack of strong
institutional development, makes the country particularly
vulnerable to climate variability. Various climatic factors,

Temporary crediting of carbon storage is
a proposed instrument that allows entities with emissions
reductions obligations to defer some obligations for a fixed
period of time. This instrument provides a means of
guaranteeing the environmental integrity of a carbon
sequestration project. But because the user of the temporary
credit takes on the liability of renewing it, or replacing
it with a permanent credit, the temporary credit must sell

This study examines a broad selection of
sustainable transport sector policy options from the
standpoint of a common set of consistently defined
attributes. Ideally, sustainable transport development
should focus on the economic, environmental and social
dimensions of sustainable development. However, in this
volume, the first two aspects receive greater attention. The
social dimension is examined mainly from the equity

This Note outlines a larger report
describing the changing context of demand and supply for
agricultural water. It identifies the policy, institutional,
and incentive reform options that will accelerate
improvements in productivity and pro-poor growth in this
sector. It articulates priorities for investment and
indicates options for adjusting the respective roles of the
public sector and other stakeholders. The report also sets

The Water Resources Sector Strategy
(WRSS) supports implementation of the Bank's 1993 Water
Resources Management Policy, using the experience updated
internationally, with water resources and management. This
country Water Resources Assistance Strategy (CWRAS)
identifies the Philippines principal water resource
challenges, the current situation, how the Bank is assisting
at present, and what it should in the future. In summary