a new environment strategy for the world bank group

,Environmental Economics at the World Bank,Glenn-Marie Lange, Team Leader Policy and Economics, Environment DepartmentAnnual Meeting, Environment for DevelopmentKenya, 4-7 November, 2009,/environmentconsultations,The current work of the Policy & Economics Team in the Env Dept and how might we collaborate (WB & EfD) in the futureYour input to the new WBG ENV strategyBroad-based consultation effortTo build consensusTo ensure qualityAll relevant stakeholders are being consultedThat means YOU!,Environmental Economics at the World Bank,3,World Bank Group Milestones in Environment,FY09, ENRM portfolio amounted to $13 billion, 10% of total (mainly pollution mgmt, env. health, water),Active Environment and Natural Resource Management (ENRM) Portfolio,Environment Lending FY09,4,WB has 12-15,000 staff worldwide, about 4,000 in WashingtonRoughly 80 people in Env Economics Thematic GroupBut others do Env Econ in regional & country officesLarge network of consultantsEnvironmental Economics used inCountry Environment Assessments (CEAs) include estimate of costs of environmental degradationStrategic Environmental AssessmentsInvestment projects, CASs, etc., where relevant,1. Environmental Economists at the WB,P&E Team: Small staff (6), cover many topics, Develop new methodologies, toolkits & guidelinesSynthesize work across regionsAddress global issues, such as Economics of Adaptation to Climate Change, Wealth and Genuine SavingsProvide technical assistanceCountry-level technical support, such as economic analysis of nature-based tourism in ZambiaRegional support, such as analysis of mineral rents and rent recovery in report for Latin America on Commodities and GrowthWHAT ARE THE IMPORTANT TOPICS ?,Policy & Economics Team, ENV,Update “Where is the Wealth of Nations” and analyze changes over timeLink wealth accounts to policy and analytical workIncluding natural capital in growth analysisEITI, monitoring rent recovery and building wealth in resource-rich countriesAnalysis of Intangible Capital, better analysis of human capital, missing natural capital, social capitalDevelop strategy for broader implementation, internally and externallyWork with regional teams to pilot using wealth accounting in CEMs as part of routine macro diagnosticIncorporate the asset accounts developed by countries,ENV Dept flagship report 2010:“The Changing Wealth of Nations”,EfD economists as consultantsSign up on the WB websiteGet to know the WB country office economists, particularly environment, natural resource and agr economists.Joint analytical work with regional or anchor teams in Washington through Trust Fund activitiesCommunicate with us about your needs and ideasOther ideas?,How can EfD and WB work together?,The First Environment Strategy, 2001Goals: Improve quality of LIFE, Quality of GROWTH, Protect regional & global COMMONSAre these goals still relevant?Mainstream Environment into DevelopmentEnv Economics not highlightedNew Environment Strategy, 2009-2010,2. The Environment Strategy,New Environment Strategy, 2010 Consultations Timeline,10,Phase 2 Global Consultations on Full Draft Strategy June 1st 2010 August 15th 2010,Phase 1 Track 1Global Dialogue Oct.1st 2009 Feb. 15th 2010,Phase 1 Track 2 Analytical Work August 1st 2009 April 30th 2010,New Environment Strategy, 2010,11,2003 review of 101 ENV investment projects found many did not do any ENV CBA or did it badly.Good valuation can be costly, and does not bring the same benefits to all projectsGOAL: Identify where valuation of ecosystem services has been most critical in influencing project & policy design and implementation, and how to ensure that valuation is done properly.,Valuing of Ecosystem Services,Investment project design, prior to investmentProject implementation, for adaptation during the projectDevelopment policy loans (design & implementation)Country Economic Assessments, which all include Costs of Env Degradation component,Review of WB work on environmental valuation,Perceptions replaced with facts (MNA) Jordan: COED led to priority shift from water to air pollution issues. Follow up on a project on pollution abatement underway.Strengthening an environmental constituencyEgypt: COED led to strengthening of the Ministry of Environment, and stronger earmarked funds for environmental protection.Analysis to investmentKuwait: COED waste sector assessment leading to PPP on solid waste management.,Examples from Country Env. Assessments,Argentina Wastewater Treatment:Valuation of benefits from higher level of treatment led to redesign of treatment plantMongolia Rangeland ManagementBioeconomic model of rangelands used to establish baseline and for monitoring during project implementationTanzania Marine and Coastal Env Mgmt: Large GEF project justified by poverty reduction benefits from improved NR and environment mgmt,Examples affecting Project Design & Implementaiton,The WBG is presently a country/client driven organization. How should the WBG balance Country/client specific prioritiesRegional & global public goodsHow should IFC & MIGA help private sector stakeholders in pursuing environmental sustainability?How to balance short- and long term trade-offs, Development first orEnvironment first?Environmental economics: where has it made a difference, had an impact on investment & project design, policies, project implementatio