Economics & Development

The global agrifood system has been largely overlooked in the fight against climate change. Yet, greenhouse gas emissions from the agrifood system are so big that they alone could cause the world to miss the goal of keeping global average temperatures from rising above 1.5 centigrade compared to preindustrial levels. Greenhouse gas emissions from agrifood must be cut to net zero by 2050 to achieve this goal. This report offers the first comprehensive global strategic framework to mitigate the agrifood system’s contributions to climate change, detailing affordable and readily available measures that can cut nearly a third of the world’s planet heating emissions while ensuring global food security. These actions, which are urgently needed, offer three additional benefits: improving food supply reliability, strengthening the global food system’s resilience to climate change, and safeguarding vulnerable populations. This practical guide outlines global actions and specific steps that countries at all income levels can take starting now, focusing on six key areas: investments, incentives, information, innovation, institutions, and inclusion. Calling for collaboration among governments, businesses, citizens, and international organizations, it maps a pathway to making agrifood a significant contributor to addressing climate change and healing the planet.

This paper examines the evolution of greenfield investment announcements—both domestic and international—for US multinational companies in response to recent global shocks. The results indicate an intensification of reshoring and nearshoring activities by US companies, especially following the Russian Federation’s invasion of Ukraine. This shift is estimated to have doubled the number of direct jobs associated with greenfield investment announcements in the US and its neighboring countries. The paper finds no evidence that US companies are adopting a friend-shoring strategy by investing more in military allies. The paper suggests that US supply chains are likely to become less global and more regional as these investments become operational.

The development objective of Tanzania- Zambia Transmission Interconnector Project is to (i) increase power transmission capacity to southern regions of Tanzania and (ii) strengthen institutional capacity in Tanzania and of the Eastern Africa Power Pool for regional power trade. This second restructuring requires an additional financing of 150 million US dollars. It aims to address a portion of the financing gap to enable completion of the ongoing activities and achievement of the Project Development Objective (PDO). No new activity will be introduced under the AF and the PDO, Project Components, and PDO Indicators remain unchanged. This is an AF solely to finance the financing gap caused by increase in rates of construction, commodities, and works since the appraisal of the parent project in 2018.

The public and private sectors each play a role driving development of a “green” digital sector. This guide provides inspiration for practitioners on ways to promote greener telecommunications (telecom) services. Telecom networks interact with their surroundings in diverse ways. In the context of this guide, greening mainly relates to managing the energy consumption and carbon footprint of the sector. While these efforts are largely driven by the private sector, governments can shape the enabling environment for green telecom and invest in greener service delivery. This guide is designed for public practitioners, such as policy makers and regulators, in low- and middle-income countries. Many of the fundamental principles, however, apply to a wider range of global stakeholders engaged in the sector.