Publication

Climate negotiations have focused on reaching a top-down international agreement and on mobilizing a pool of financial resources. There has been little discussion of the institutional arrangements for provision of nonfinancial services. This brief argues that a range of nonfinancial, knowledge-based services are critical to maximize the effectiveness of whatever steps individual nations and the corporate sector take. This brief explains why the need for a new entity to provide these services has become urgent, describes the services that it would provide, and explores one possible path for filling the gap: the creation of a new arm of the World Bank.