THE WORLD BANKGreen Bond
Impact Report2019Investor Relations
Capital Markets Department
The World Bank Treasury
1225 Connecticut Ave NW
Washington, DC 20036
USA
E debtsecurities@worldbank.org
T +1 (202) 477-2880
W treasury.worldbank.org/capitalmarkets
November 2019
Cover photo credits: (top left to bottom right) © Maria Fleischmann, Arne Hoel, Curt Carnemark/ World Bank

Acknowledgements
This report was prepared by the Investor Relations Team in the World Bank’s Capital Markets Department, withkey contributions from the Climate Change Advisory and Operations Team.
The report was designed by Jonelle Karinne Agurs.

Table of Contents
Introduction | 4
Green Bond Impact Report Summary | 10
Project Impact Highlights | 12
World Bank Green Bond Process | 14
Eligible Projects by Sector | 17
Annex 1: Impact Reporting Approach | 49
Annex 2: World Bank Exclusion List | 51
Annex 3: World Bank Project Cycle | 52
Annex 4: List of Abbreviations | 54

4

INTRODUCTION

Capital market investors are increasingly
integrating environmental, social andgovernance criteria in their investment decisions,and looking for ways to make a positive impact.
Green bonds often serve as an entry point for
issuers and investors interested in using theirinvestments to overcome global challenges
as highlighted by the 17 UN Sustainable
Development Goals. Impact reporting increases
transparency, a fundamental building block thathelps investors make informed and sustainablechoices. The World Bank’s 2019 Green Bond
Impact Report shows investors how we areworking with our member countries to support
their climate finance efforts and deliver results,
on a project-by-project basis.
Jingdong HuaVice President & Treasurer
The World Bank

The World Bank is committed to address
climate change which is threatening the lives
and livelihoods of the world’s poorest andmost vulnerable populations. A cornerstoneof our commitment has been our pioneering
issuance of US$13 billion in Green Bonds overmore than a decade. This new instrument wehelped create has revolutionized the way
investors value sustainability in capital markets
by bringing climate considerations to theheart of financial decisions. These investors
have a critical role to play in realizing a lowcarbon, climate-resilient future and innovative
financing instruments such as Green Bonds area powerful tool to help them contribute to ourcommon climate goals.
Laura Tuck
Vice President for Sustainable Development
The World BankINTRODUCTION

5World Bank Group Commitment
to Addressing Climate Change
The World Bank (International Bank for Reconstruction and Development, IBRD) and the rest of the WorldBank Group (WBG)/1 are committed to helping countries meet the climate challenge. We are actively working
with countries to help them deliver on their commitments and targets, including through financing, technicalassistance, and knowledge sharing.
The WBG Climate Change Action Plan (2016-2020)
lays out ambitious targets to be met by 2020,
including increasing the climate-related share of the
WBG’s lending to 28%, helping client countries add
30 gigawatts of renewable energy, put in place early
warning systems for 100 million people, and develop
climate-smart agriculture investment plans for at least
40 countries, among other priorities.
In December 2018, the WBG announced a new
set of climate targets and commitments for 20212025, doubling its current five-year investments toaround US$200 billion in support of countries totake ambitious climate action. The new targets buildon the WBG’s 2016 Climate Change Action Plan.
In January 2019, the WBG launched a new Action
Plan on Climate Change Adaptation and Resilience.
Under the plan, the WBG will ramp up adaptation
related finance to reach US$50 billion over FY21–25.
This financing level – an average of US$10 billion
a year for adaptation – is more than double what
was achieved during FY15-18. The Action Plan on
Adaptation and Resilience forms part of the WBG’s
2025 Targets.
More than 135 developing and middle-income
countries have submitted national plans for climate
action under the Paris Agreement – the Nationally
Determined Contributions (NDCs). The WBG isactively working with countries to help them deliver
on and exceed their Paris Agreement ambitions,
including through financing, technical assistance,and knowledge sharing.
The WBG is working together with the othermultilateral development banks (MDBs) on common
approaches to monitor and track their climate
finance flows to client countries, as they increase
their climate financing in mitigation and adaptation.
The MDBs are continuing to align their financial
flows with the global commitments to tackle climatechange, supporting the implementation of the NDCs
and facilitating activities that transition development
towards low greenhouse gas emissions and climate
resilient development.
The WBG has been introducing carbon pricing in
the economic analysis of its investment activity. The
shadow prices are based on the recommended
pricing proposed by the Report of High Level
Commission on Carbon Prices, with the objective toprevent temperatures from rising above 2 degrees
Celsius.
Notes:/1 For the purpose of this report and in the capital markets, “World Bank” refers
to IBRD. The World Bank Group consists of five organizations: International Bankfor Reconstruction and Development, International Development Association,
International Finance Corporation, Multilateral Investment Guarantee Agency
and International Centre for Settlement of Investment Disputes.

(bottom) Photo credit: © Heather Elliott/ World Bank

6

INTRODUCTION

Environmental &Social Framework
The World Bank Environmental & Social Framework
sets out the World Bank’s commitment to sustainable
development, through a World Bank Policy and aset of Environmental and Social Standards that aredesigned to support borrowers’ projects, with the aimof ending extreme poverty and promoting sharedprosperity.
This Framework comprises:• A Vision for Sustainable Development, whichsets out the World Bank’s aspirations regarding
environmental and social sustainability;• The World Bank Environmental and Social Policy
for Investment Project Financing, which sets out
the mandatory requirements that apply to theWorld Bank; and• The Environmental and Social Standards, together
with their Annexes, which set out the mandatory
requirements that apply to the borrower andprojects.
With this Framework, the World Bank is committed tosupporting client countries in the development andimplementation of projects that are environmentallyand socially sustainable, and to enhancing the capacityof developing countries’ environmental and social
frameworks to assess and manage the environmental
and social risks and impacts of projects.

World Bank Results
In FY19, 31% of the World Bank financing had climate
co-benefits – exceeding the 28% target set for2020 for the second year in a row.* This amounts
to US$7.3 billion in climate-related finance delivered
in FY19. This is the result of an institution-wide
effort to mainstream climate considerations into all
development projects.
••

World Bank has more than doubled the shareof projects with climate co-benefits over the last
three years (from 37% in FY16 to 92% in FY19).
The World Bank aims to deliver climate cobenefits averaging at least 30% over FY20-23
with the ambition to maintain or increase theshare of co-benefits until FY30.

EnergyThe World Bank is one of the largest providers offinance for renewable energy in developing andmiddle-income countries.
•

Between FY2014 and FY2018, the World Bank
provided US$5.3 billion in financing for work inthese areas (including financing for renewableenergy generation projects and for energy
efficiency projects).

Transport
Decarbonizing transport is crucial to achieving theobjectives under the Paris Agreement.
•

The sector presently contributes approximately
23% of global energy-related greenhouse gas
emissions. Shifting the trend towards a greener,
more sustainable transport sector will requiretransforming the world’s mobility – including
with innovative solutions such as electric
mobility. A World Bank report launched at COP
24 reveals that developing countries stand tobenefit significantly from electric mobility andlays out basic principles for eMobility programs
that respond to the climate, economic, fiscal,technical, institutional, and policy circumstancesof different countries.
*Please see the note on page 5, for the purpose of this report and in thecapital markets, “World Bank” refers to IBRD.

(left) Photo credit: © Bart Verweij/ World BankINTRODUCTION

The World Bank is working to promote sustainablemobility around the world, focusing on four priority
goals:
1.
2.
3.

4.

Improve the access of all to economic and social
opportunities through greater mobility
Increase the efficiency of mobility solutions
Improve the safety of mobility—to support theachievement of SDG target 3.6 of halving thenumber of global deaths and injuries from roadtraffic accidents
Respond to the climate imperative—as set in
the Paris Agreement—by reducing the carbon
footprint of the sector (mitigation) and enhancing
climate resilience (adaptation).

World Bank transport commitments in fiscal year
2019 amounted to US$1.5 billion. Overall, at the endof FY19, there were 87 active projects with total net
commitments of US$22 billion.

Forests & Landscapes
Since the adoption of the Forest Action Plan in 2016,
World Bank’s net commitments on the active forest
portfolio have increased from US$1.8 billion (FY16) toUS$3 billion (FY19).
•

This focuses on two priority areas: investments inthe sustainable forest management; and “forestsmart” interventions in which the World Bank
takes a holistic look at forest landscapes, so thatits work in sectors like agriculture, transport andenergy does not erode forest capital but instead
generates positive forest outcomes. The WorldBank is increasingly supporting its country clientsto implement such an integrated approach.

CitiesThe World Bank’s work on urban development has
been instrumental in advocating for addressing
climate change issues during COP 21/22/23 and the
One Planet Summit.
•

In recent years, the World Bank has worked
in cities and towns across over 140 countries,
investing US$15.8 billion from FY12 to FY19 indisaster risk management.

Innovative
Partnerships
The World Bank is working on innovative solutions
to help countries meet their climate commitments.
Here are a few examples:

Coalition of Finance Ministers for Climate

includes finance ministries from 50 countries
and aims at helping countries mobilize and alignthe finance needed to implement their national
climate action plans, establishing best practices
such as climate budgeting and strategies for green
investment and procurement, and factoring climate
risks and vulnerabilities into members’ economicplanning.

Innovate4Climate (I4C) convenes leaders frombusiness, banking, finance, policy, and technology tothink innovatively about how to leverage and direct
investment toward low-carbon economies. The third
edition of I4C was held in Singapore in June 2019.
Building on previous editions in Barcelona (2017) andFrankfurt (2018), the event focused on green finance,sustainable cooling, battery storage, climate-smart
urban design, and Asian climate markets.

Carbon Pricing Leadership Coalition (CPLC)

was officially launched at COP21 as a WBG initiativethat helps convene leaders across national andsubnational governments, the private sector, andcivil society with the goal of putting effective carbonpricing policies that maintain competitiveness, create
jobs, encourage innovation and deliver meaningful
emission reductions.

Partnership for Market Readiness (PMR)

has been a forum for collective innovation andaction and a fund to support capacity building toscale up climate change mitigation since 2010. PMR
Participants include 23 developing countries that
account for 40% emissions and represent 54% of the
global population.
The Connect4Climate (C4C) multi-donor trust
fund aims to accelerate climate action by connecting
over 500 partners through a global climate
communications program. C4C engages diverse
audiences, and young people especially, targeting
influential industries such as film, fashion, music, andsport to popularize climate action.

7

8

INTRODUCTION

2008

THE FIRST GREEN BOND

The World Bank issued the first labeled green bond for mainstream institutional investors.

2009

2010

2011

2012

World BankGreen Bond
Symposium on
green bondprocess andimportance of
impact reportingFirst WorldBank Green
Bond
Investor
Newsletter

NIKKO
AM/World BankGreen Bondfund launched

Inaugural Green
Bond

2013

Concept of"Climate
Finance"establishedunder theUNFCCCUN Green
Climate FundestablishedG20, IMF, OECD
all formallyrecognize
potential ofGreen Bond
marketOECD and IEA
recommend
governments toconsider Green
Bonds tofinance climatechangesolutions

2014
World Bank
convenes IFI
working group on
impact reporting
harmonization
with AfDB, EIB
and IFC

First Corporate
Green BondFirst
Municipality
Green Bond

Green Bonds
formally
recognized
as UN "Climate
Action" under
UNFCCC Nazca
Platform

INTRODUCTION

2015

2016

2017

2018

2019

World Bank
advises firstGreen Sukuk andFirst Sovereign
Green Bond from
Emerging Markets

World Bank
Guide forPublic Sector
Issuers on
Green Bond
Proceeds
Management &Reporting

World Bank Sustainable
Development Bonds
displayed on the
Luxembourg Green
Exchange

First Sovereign
Green Bond

US$100 billionof cumulative
Green Bond
Issuance

IFC Guidance forGreen Sovereignissuers

EU Technical Expert Grouppublishes reports on EU
Taxonomy, Green Bond
Standard, Climate Benchmarks
and Climate-related Corporate
ExposureFirst Green
Covered BondFirst Green
SchuldscheinFirst Green
Sukuk

US$500 billion of
cumulative Green
Bond issuance

NGFS publishes its
Sustainable andResponsible Investment
Guide for Central Banks’
Portfolio Management

COP 21 Paris
Agreement signed
and
UN Sustainable
Development
Goals launched

China launches
G20 Green
Finance Study
Group

First sovereign
Green Bond from
Emerging
Markets

Financial Stability
Board launches
Task Force on
Climate-Related
Financial
Disclosures(TCFD),
recommends
Green Bonds

First Green
Commercial
Paper

World Bank
publishes firstGreen Bond
Impact Report

9Bank for International
Settlements launches
Green Bond fund forcentral banks

EuropeanCommission
launches
Sustainable
Finance ActionPlan(background) Photo credit: © Gennadiy Ratushenko/ World Bank

10

GREEN BOND IMPACT REPORT SUMMARY

Green Bond Impact Report Summary
The mission of the World Bank is to end extreme poverty and boost shared prosperity ina sustainable manner. Tackling climate change plays a critical role in achieving these goals.
Through World Bank Green Bonds, investors make an impact by supporting the financing of awide range of projects across many sectors that address climate change.
of June 30, 2019, Renewable Energy & Energy Efficiency and
By Sector: As
Clean Transportation made up the largest portion in the Green Bondeligible projects portfolio. They comprise approximately 66% of all
Green Bond commitments.

Amounts in Eq. US$ billion
Renewable Energy & Energy Efficiency
Clean Transportation
Water & Wastewater
Solid Waste Management
Agriculture, Land Use, Forests & Ecological Resources
Resilient Infrastructure, Built Environment & Other
Total
Percentage

Mitigation
6.1
5.0
0.1
0.1
0.5
1.0
12.8
75%

Adaptation
0.1
0.2
1.3
0.0
2.4
0.4
4.3
25%

8%

Notes:
Amounts may not add up due to rounding.
/1 Committed amount net of cancellations
for eligible projects for which the loans are
disbursing.
/2 Green Bond proceeds allocated tosupport financing of disbursements toeligible projects net of loan repayments.
Not adjusted for matured bonds that were
not replaced with new green bonds.

Allocated &Outstanding/2

Committed/1

Resilient Infrastructure,
Built Environment & Other

8%

Water & Wastewater

17%

Agriculture,
Land Use, Forests &Ecological Resources

30%

Clean Transportation

Total
6.2
5.1
1.3
0.1
2.9
1.4
17.2
100%

4.4
3.1
0.8
0.1
1.3
0.8
10.5

1%

Solid Waste
Management36%

Renewable Energy& Energy Efficiency

GREEN BOND IMPACT REPORT SUMMARY

Issuance

In the past 11 years, the World Bank has issued 158 Green Bonds in 21 currencies
for a total of over US$13 billion in funding to support the transition to low-carbon and climate
resilient growth. During FY19 (July 1, 2018 to June 30, 2019), the World Bank issued US$2.7
billion equivalent in 24 transactions in 10 currencies.

Commitments & Disbursements

In FY19, 16 new projects were added to the Green
Bond eligible project portfolio bringing the number of eligible projects to 106 and the totalcommitments to US$17.2 billion. Of these commitments, US$11.9 billion in Green Bond proceeds
were allocated and disbursed to support projects in 31 countries.

By Region:

As of June 30, 2019, the East Asia & Pacific region made up
the greatest portion of the Green Bond eligible projects andcomprises approximately 34% of all Green Bond commitments.
The region includes China, Indonesia, Philippines, Timor-Leste,
and Vietnam.
Committed %Committed/1

Allocated &Outstanding/2

Notes:
Amounts may not add up
due to rounding.

Africa (AFR)

1%

0.1

0.0

/1 Committed amountnet of cancellations for
eligible projects for which
the loans are disbursing.

Amounts in Eq. US$ billion
East Asia & Pacific (EAP)

34%

5.9

3.7

Europe & Central Asia (ECA)

13%

2.2

1.7

Latin America & Caribbean (LAC)

25%

4.4

3.0

Middle East & North Africa (MNA)

5%

0.9

0.5

South Asia (SAR)

21%

3.7

1.7

Total

100%

17.2

10.5

/2 Green Bond proceeds
supporting financing of
disbursements to eligible
projects net of loan
repayments. Not adjusted
for matured bonds thatwere not replaced withnew green bonds.

ECA
13%

MNA
5%

LAC
25%

AFR
1%

EAP
34%
SAR
21%

11

12

PROJECT IMPACT HIGHLIGHTS

Project Impact Highlights

106
20

World Bank
Projects
Eligible forGreen Bond
Financing

16

Additional
Projects
Included in
FY19

16

Additional
Projects
Completedin FY19

46

Total
Projects
Completed

Renewable Energy & Energy Efficiency Projects Completed (4 in FY19)

50,925 GWh

EQUIVALENT TO

in annual energy savings

7,204 GWh

EQUIVALENT TO

About 37 million tons of CO2 equivalent avoided*
7.6 million cars off the road for one year

610,000 homes’ energy use forone yearannual energy produced fromrenewable resources

2,240 MWrenewable capacity from solar, wind, andhydro technologies

EQUIVALENT TO

CO2 emissions from 866 tons ofburned coal avoided every year*

494,400 Rural Households

have access to cleaner energy sources in China, Mexico & Peru

10

Water, Wastewater & Solid Waste Management Projects Completed (2 in FY19)

1,245,000 Hectares

764,000 Residents

4,800,000 Tons

28 Waste Dumps

with new, rehabilitated or restored irrigation services inthe Dominican Republic, Indonesia, India & Tunisia

of untreated wastewater prevented from flowing intorivers annually in China

benefitting from secured water supply
in China

in Brazil & Morocco closed or
rehabilitated*Sources: US Environmental Protection Agency Greenhouse Gas Equivalencies Calculator, CIA World Factbook

PROJECT IMPACT HIGHLIGHTS

9Agriculture, Land Use, Forests, Ecological Resources, Resilient
Infrastructure & Built Environment Projects Completed (5 in FY19)

790,600 Hectares

EQUIVALENT TO

1 million soccer fields

EQUIVALENT TO

3.2 million cars off theroad for one year*of forest restored or reforested
in China, Mexico & Tunisia

16,900,000 Tons
of CO2 emissions reduced annually due toreforestation and other sustainable management
activities in Mexico

6,600,000 People
benefited from flood protection in China

7

Clean Transportation Projects Completed (5 in FY19)

Sustainable Urban
Transport in Xi’an, China

25% Decrease+

52,000 Bicycles

in travel time for 4 million public
transportation passengers

Urban Transport Improvement
Project in Xinjiang, China

Additional+

40% Increase

60,000 People
with access to quality urban
transport services

in annual passenger-trips

Sustainable Urban
Transport in India

5,750

additional passengers per day

Urban Transport
Transformation in Mexico

340,000 Tons
of CO2 equivalent emissions reduced
annually+

312,000 Tons
of CO2 equivalent emissions
reduced annually

13

14

GREEN BOND PROCESSGreen Bond Process
Green Bond Eligible Projects
All World Bank bonds support sustainable
development because the net proceeds from thesale of the bonds are used by the World Bank (IBRD)
to support financing of sustainable development
projects and programs in IBRD’s member
countries. They fit well within all investor mandates,
especially investment strategies that incorporate
environmental, social and governance factors.
The World Bank Green Bonds are a subset of its
Sustainable Development Bond Program. Green
Bond eligible projects promote the transition to lowcarbon and/or climate resilient growth in World Bank
client countries targeting climate change mitigation
and adaptation. The World Bank’s eligibility criteria
were independently reviewed by the Center forInternational Climate and Environmental Researchat the University of Oslo (CICERO).

Two-Stage Process to Identify
Green Bond Eligible Projects
1. All projects supported by the World Bankgo through a rigorous review and approval
process to ensure that they meet countries’
development priorities. The process includes:(i) early screening to identifying potential
environmental or social impacts and designingpolicies and concrete actions to mitigate any
such impacts; and (ii) approval by the Board of
Executive Directors – a resident board with 25
chairs representing 189 member countries.

2. Environmental specialists then screen approved
World Bank projects to identify those that meet
the World Bank’s Green Bond eligibility criteria.

Climate Change Project Examples:
Mitigation
Solar and wind installations

Greater efficiency in transportation, including
fuel switching and mass transport

Funding for new technologies that
permit significant reductions ingreenhouse gas emissions

Waste management (methane emission) andconstruction of energy-efficient buildings

Rehabilitation of power plants andtransmission facilities to reducegreenhouse gas emissions

Carbon reduction through reforestation andavoided deforestation

Adaptation
Protection against
flooding (including
reforestation
and watershedmanagement)

Food security
improvement andimplementing stressresilient agricultural
systems (which slow
down deforestation)

Sustainable forest
management andavoided deforestation

For more information about the World Bank Green Bond implementation guidelines and theeligibility criteria, see http://pubdocs.worldbank.org/en/217301525116707964/Green-BondImplementation-Guidelines.pdf.

IMPACT REPORTING

Impact Reporting
The World Bank is committed to transparent
reporting of its green and climate-related financing,including the projects that are part of its Green
Bond program. Detailed information for all WorldBank financed projects is available on the WorldBank website http://projects.worldbank.org. Projectsummaries and impact indicators for Green Bondeligible projects are summarized on the investor
website at: http://treasury.worldbank.org/en/about/unit/treasury/ibrd/ibrd-green-bonds.

Uncertainty

The following section lists the 106 World Bankeligible projects supported by the financing of WorldBank Green Bonds as of June 30, 2019. The projects
are organized by sector. Selected results indicators,
World Bank loan amount, share of loan amount tototal project costs, and the amount of Green Bond
proceeds that have been allocated to support
disbursements to each project are disclosed. Annex
1 describes the reporting approach and should beread in conjunction with this report.

Comparability

Interpreting Reported Results

Omissions

The intention of impact reporting is to help investorsdevelop a more detailed understanding of theclimate and environmental impacts that can be
expected or projected to result from Green Bondeligible projects. Several key results indicators havebeen selected and where possible quantified, but
it is important to appreciate the inherent limitationsof data reported. The main considerations toadequately interpret results are:Scope of Results Reporting is based on “ex-ante” estimates of climate and environmental
impacts at the time of project appraisal and mostly
for direct project effects, except as indicated where
the results have been updated for actual results atthe time of project completion.

An important consideration inestimating impact indicators and projecting
results is that they are based on assumptions.
While technical experts aim to make sound andconservative assumptions that are reasonable
based on the information available at the time,
the actual environmental impact of the projects
generally diverge from initial projections. In general,
behavioral changes or shifts in baseline conditions
can cause deviations from projections.
Caution should be taken incomparing projects, sectors, or whole portfolios
because baselines (and base years) and calculation
methods may vary significantly. In addition, the cost
structures between countries will also vary, so thatdeveloping cost-efficiency calculations (such as
results per dollar invested) could, for example, placesmaller countries with limited economies of scale ata disadvantage and will not take into consideration
country-specific context

andQualititative

Results

Because the selected projects aim to provide socialand developmental benefits as well as climate andenvironmental ones, they will have impacts acrossa much wider range of indicators than captured in
the next section. Therefore, exclusively focusing
on the reported indicators will leave out otherimportant development impacts. Where quantitative
data is unavailable, qualitative indicators have been
included to illustrate other benefical impacts.
For a broader country context on developmental
impacts of projects, view the full project
documentation available on the World Bank website
at http://projects.worldbank.org.

15

ELIGIBLE PROJECTS BY SECTOR

Eligible Projects by Sector
Target Results & Committed and Allocated Amounts
Renewable Energy & Energy Efficiency
Clean Transportation
Water & Wastewater Management
Solid Waste Management
Agriculture, Land Use, Forests & Ecological Resources
Resilient Infrastructure, Built Environment & Other
Results should be read in conjunction with Annex 1 (page 49), which describes the reporting approach.

(left) Photo credit: © Lakshman Nadaraja / World Bank

17

18

ELIGIBLE PROJECTS BY SECTOR

Renewable Energy & Energy Efficiency#

Link to More
Information

Project Name (Number | Year/s Loans Approved)and Description

Country

A/M/a

Project
Life

Annual Energy
Savings /c
MWhAnnual Energy
Produced
MWh1

Eco-Farming Project (P096556 | FY09): promotesustainable farming systems and reduce greenhousegas emissions (from methane and burning coal andfirewood) benefiting rural communities with biogas
systems.

China

M

20

na

~

2

Energy Efficiency Financing (P084874 | FY08, FY12):
promote energy conservation in China’s industrial sector
supporting intermediary loans for energy efficiency
projects in medium and large-sized manufacturing
companies.

China

M

20

21,713,380na

3Energy Efficiency Financing II Project (P113766 | FY10):
promote energy conservation in China’s industrial sector
through intermediary loans to energy efficiency projects.

China

M

20

1,908*na

4Green Energy Schemes for Low-carbon City inShanghai (P127035 | FY13): promote greener city
development with energy efficiency and renewableenergy installations in commercial and governmentbuildings.

China

M

20

635,712~5

Jiangxi Shihutang Navigation & Hydropower (P101988 |FY09): maximize inland waterway transport capacity asa low-carbon alternative to land transport and generatehydropower.

China

Both

20

na

284,000

6

Liaoning Third Medium Cities Infrastructure (P099224 |FY08): improve the energy efficiency and environmental
performance of heating and gas services.

China

M

20

2,757,200na

7Shandong Energy Efficiency (P114069 | FY11): improvethe energy efficiency and environmental performanceof the industrial sector and finance renewable energy
production from biomass (corn and wheat stalk).

China

M

15

2,707,580~

8

Urumqi District Heating Project (P120664 | FY11):
promote energy efficiency in district heating by replacing
dispersed boilers in urban areas with an integrated
district heating network.

China

M

20

1,229,400

na9Power System Development Project IV (P101653 |FY09): expand transmission infrastructure resulting
in decreased CO2 emissions through efficiency gains
and transferring surplus hydro energy to power deficit
regions.

India

M

20

8,699,000

na

RENEWABLE ENERGY & ENERGY EFFICIENCY

19

Project Completed
Project in Progress
Target Results /b
Renewable
Capacity
Added MW

Annual GHG
Emissions
Avoided Tons of
CO2 Eq./d~785,000na

Committed
US$ mil/f

IBRD
share/g

Allocated
US$ mil /h● 470,000 rural households benefit from cleaner biogas-based cooking andheating systems.
● 344,346 clients who adopted an improved agricultural technology
promoted by the project, 280,092 of which are female.
● 155,560 new water connections providing households clean water for
improved hygiene and sanitary conditions
Updated for actual results at project completion.

119.8

27%

119.8

6,510,000● 2,667,000 tce annual energy savings (assuming 150 subprojects).
Updated for actual results at project completion.

300.0

45%

300.0

na

607,000*

Updated for actual results at project completion.
*Annual Energy Savings and CO2 emissions reductions revised to correctlyreflect project-specific conversion factors.

45.5

66%

45.5

~

189,946● 78,083 tons of coal equivalent of annual energy savings per annum.
● Innovative policies piloted under the Project in relation to green-energy
retrofitting of buildings.
Updated for actual results at project completion.

100.0

41%

100.0

120

220,000● 4,389 ha of crop land protected from flooding.
● RMB 26.6 million reduction in annual flood losses.
● Shortened travel distance benefitting 150,000 people.
Updated for actual results at project completion.

100.0

31%

100.0

na

~

● 8,935 tons of sulphur dioxide avoided per annum.
● 11,659 tons of total suspended particles (local pollutant) avoided perannum.
● Decrease by 31% of fuel consumption annually (from 199.5 kWh/m2 to137.9 kWh/m2).
● Decrease by 39% of electricity used for District Heating annually (from 4.4
kWh/m2 to 2.7 kWh/m2).
● Decrease by 31.25% of make-up water annually (from 115.5 L/m2 to 79.34
L/m2).
Updated for actual results at project completion.

165.0

51%

165.0

~

~

● 331,000 tce of energy savings annually.
Updated for actual results at project completion.

110.1

47%

110.1

na

415,500● 1,626 MW of inefficient coal-fired boilers replaced by combined heat andpower district heating network.
Updated for actual results at project completion.

99.1

29%

99.1

na

~

● Reduced transmission losses equivalent to between 526-993 MW.
● 1,400 MW of increased interregional power transmission capacity to
National Grid.
● Transformation capacity increased by 146,523 MVA.
● 106,804 circuit km of transmission lines' increased capacity.
● 78,384 GWh power exchange growth between regions.
Updated for actual results at project completion.

400.0

16%

400.0

Other Results/e

20

ELIGIBLE PROJECTS BY SECTOR

Renewable Energy & Energy Efficiency#

Link to More
Information

Project Name (Number | Year/s Loans Approved)and Description

Country

A/M/a

Project
Life

Annual Energy
Savings /c
MWhAnnual Energy
Produced
MWh10

Rampur Hydropower Project (P095114 | FY08): scaleup access to renewable energy through construction ofa run-of-the-river hydroelectric scheme.

India

M

30

na

1,957,000

11

Indonesia Geothermal Energy (P113078 | FY12):
increase power generation from renewable geothermal
resources.

Indonesia

M

30

na

1,208,880(generation
projection July
2019)

12

Energy Security and Efficiency Enhancement Project(P112780 | FY11): increase energy efficiency andsecurity by promoting greater participation of renewableenergy and gas-based generation in the energy mix.

Jamaica

M

N/A

na

~

13

Efficient Lighting and Appliances Project (P106424| FY11): promote the efficient use of energy and to
mitigate climate change by increasing the use of energy
efficient technologies in the residential sector.

MexicoM51,848,000na

14Integrated Energy Services (P088996 | FY08): increaseenergy access for poor communities using renewableenergy (mainly solar and some wind turbines) and todevelop a sustainable market for providing energy
services in remote rural areas.

Mexico

M

20

na

152

15

Sustainable Rural Development (and Additional
Financing) (P106261 | FY09, FY13): increase the useof energy efficient, waste management and renewableenergy technologies in agribusiness.

MexicoM

1045

26,073

16

Energy Efficiency (and Additional Financing) (P107992| FY09, FY14): improve energy efficiency andenvironmental quality in 27 buildings used for health andeducation services.

Montenegro

M

15

7,925

na

17

Second Rural Electrification (P117864 | FY11): provide
electricity to remote communities by extending theconventional electricity grid and financing solar
photovoltaic systems.

Peru

M

20

na

~

18

Energy Efficiency (P104266 | FY09): support industrial
energy efficiency and co- generation investments byproviding financing through intermediaries.

TunisiaM

20

580,000

na

19

Private Sector Renewable Energy and Energy Efficiency
Project (P112578 | FY09, FY12): enhance renewableenergy access (small hydroelectric and geothermal) andenergy efficiency in industries (iron and steel, cement,
ceramics, chemicals and textiles).

TurkeyM

20

3,023,800

3,728,000

RENEWABLE ENERGY & ENERGY EFFICIENCY

21

Project Completed
Project in Progress
Target Results /b
Renewable
Capacity
Added MW

Annual GHG
Emissions
Avoided Tons of
CO2 Eq./d412

1,407,700

150

Committed
US$ mil/f

IBRD
share/g

Allocated
US$ mil /hUpdated for actual results at project completion.

400.0

60%

400.0

1,010,125● 30,303,750 tons of CO2 eq. cumulative emission reduction over 30 years.
● 10,000 tons of avoided local air pollution (2,753 tons of NOx,4,923 tons of
SO2, 2,324 tons of TSP) annually.
Updated for actual results at project completion.

129.0

30%

129.0

623

~

● New renewable electricity generated by three wind farms, two solar farms,
and one hydro plant.
● 600 GWh from renewable resources annually.
Updated for actual results at project completion.

14.5

100%

14.5

na

1,014,800

Cumulative over 5 years:● Exchange 45.8 million light bulbs and 1.884 million appliances replaced
over a five-year period.
● 5.07 million tons of CO2 eq. emissions reduced.
● 50-60% electricity saved in residential households.
● 9,242 GWh in cumulative energy savings.
Updated for actual results at project completion.

250.6

35%

250.6

2

139,000● 2,235 rural households receive electricity from renewable sources
annually.
● 150 new social/productive activities and microbusiness developed.
● Larger long-term national impact with replication throughout rural areas.
Updated for actual results at project completion.

12.0

18%

12.0

~

708,235

Cumulative over 8.5 years:● 143,450 MWh saved from energy efficiency investments.
● 221,624 MWh produced by renewable (biomass) energy.
● 6.02 million tons of CO2 eq. emission avoided over the course of the
project.
● 1,842 agribusinesses adopted 2,286 environmentally sustainable
technologies.
Updated for actual results at project completion.

79.1

48%

79.1

na

2,766

Cumulative over project life and targeting 27 buildings:● 118,880 MWh in lifetime energy savings.
● 41,504 metric tons of CO2 eq. lifetime emissions reduced.
Updated for actual results at project completion.

12.6

100%

12.6

~

~

● 42,500 rural households electrified, of which 20,000 served by solar
photovoltaic systems from regulated electricity distribution companies.
● 169,000 people benefited.
Updated for actual results at project completion.

43.8

60%

43.8

na

205,840

Updated for actual results at project completion.

31.8

91%

31.8

933

3,214,000● Increase country’s renewable energy capacity to 31%.
Updated for actual results at project completion.

906.9

87%

906.9

Other Results/e

22

ELIGIBLE PROJECTS BY SECTOR

Renewable Energy & Energy Efficiency#

Link to More
Information

Project Name (Number | Year/s Loans Approved)and Description

Country

A/M/a

Project
Life

Annual Energy
Savings /c
MWhAnnual Energy
Produced
MWh

20

Energy Efficiency (P096586 | FY11): improve energy
efficiency in order to meet energy intensity reduction
targets, decrease dependence on imported gas, anddecrease the cost of energy supply.

UkraineM

15

7,721,157na

21

Biomass District Heating (P146194 | FY14): increaseenergy efficiency in district heating systems and replacenatural gas with wood biomass as a renewable energy
source.

BelarusM

20

236,000

1,660,000

22

Beijing Rooftop Solar Photovoltaic Scale-Up (Sunshine
Schools) Project (P125022 | FY13): promote renewableenergy in 1,000 schools and other educational
institutions.

China

M

20

na

100,000

23

Financing for Air Pollution Control (P154669 | FY16):
reduce air pollutants and carbon emissions throughlending for energy efficiency and clean energy, with afocus on the Jing-Jin-Ji and neighboring regions.

China

M

20

1,628,200na24

Grid-Connected Rooftop Solar Program (P155007 |FY15): increase solar rooftop capacity to the power gridand incentivize the market for rooftop solar power by
way of low cost financing.

India

M

25

~

647,200

25

Shared Infrastructure for Solar Parks Project (P154283| FY17): increase solar generation capacity through theestablishment of large-scale solar parks in the country.

India

M

25

~

~

26

Municipal Energy Efficiency Project (P149872 | FY16):
promote energy efficiency in street lighting, water use
and buildings in 23 municipalities.

MexicoM8127,590

5,800

27

District Heating Efficiency Improvement (P132443 |FY15): improve quality and reliability of heating services
by improving the operational efficiency and viability of a
new district heating company.

MoldovaM

30

96,700na28Montenegro Second Energy Efficiency Project (P165509| FY18): improve energy efficiency in health sector
buildings, and develop and demonstrate a sustainablefinancing model.

Montenegro

M

15

3,981

~

29

Clean and Efficient Energy Project (P143689 | FY15):
develop the first utility sized photovoltaic plant to morereliably supply solar power to remote regions.

Morocco

M

25

na

~

RENEWABLE ENERGY & ENERGY EFFICIENCY

23

Project Completed
Project in Progress
Target Results /b
Renewable
Capacity
Added MW

Annual GHG
Emissions
Avoided Tons of
CO2 Eq./dna

856,097

106

Committed
US$ mil/f

IBRD
share/g

Allocated
US$ mil /h● Create jobs directly and indirectly through increased cost competitivenessas a result of lower energy intensity.
Updated for actual results at project completion.

200.0

100%

200.0

420,000

Cumulative over 5 years:● 1,180,000 MWh energy savings from efficiency investments.
● 2,100,000 tons of CO2 eq. emissions reduced.
● 78,760 direct beneficiaries.

90.0

100%

62.4

100

89,590● 10 to 15% of the schools’ annual power use provided by renewablesources.
● 650,000 students in 1,000 schools benefit.

105.0

50%

39.0

na

492,200● 3,600 tons of particulate emissions (local air pollutants) reduced by EE andRE subprojects financed.

523.6

100%

216.3

400

520,000● The 250 MW of capacity of rooftop solar photovoltaics expected to be
grid-connected by 5 years with at least another 150 MW to be connected insubsequent years.
● 13 million tons CO2 eq. in cumulative savings over the project's 25-year
life.
● Market development for rooftop photovoltaic systems in different businessmodels.

500.0

55%

282.2

1,750

951,852● Increase in access roads, water supply and drainage, telecommunications,pooling station inside the solar parks.

75.0

75%

8.5

6

7,241

● 1,020,714 MWh projected lifetime savings.
● 28 sub-projects designed.

100.0

64%

7.2

na

22,800● 34% reduction in heating system breakdowns by year 5.
● 109,000 people with access to more energy efficient cooking and heating.
● 320,109,612 MJ annual fuel savings.

40.5

66%

34.9

na

37,333● 18 buildings retrofitted annually.
● 1,200,000 US$ captured energy cost savings annually.
● 220,000 potential patients and 2,000 staff benefiting.

6.8

82%

0.4

75

73,512● 412,000 people benefit from electricity and associated economic
opportunities of which 50% are expected to be female.

125.0

79%

74.9

Other Results/e

24

ELIGIBLE PROJECTS BY SECTOR

Renewable Energy & Energy Efficiency#

Link to More
Information

Project Name (Number | Year/s Loans Approved)and Description

Country

A/M/a

Project
Life

Annual Energy
Savings /c
MWh30

Noor Ouarzazate Concentrated Solar Power (P131256 | FY12, FY15):
replace fossil fuel-based electricity with renewable energy using
concentrated solar power technology.

Morocco

M

30

na

31

Renewable Energy Integration (P144534 | FY14): assist in meeting
increased power demand by strengthening the transmission system andfacilitating large- scale renewable energy generation.

Turkey

M

20

na

32

SME Energy Efficiency (P122178 | FY13): improve energy efficiency insmall and medium enterprises in energy-intensive industries by scalingup commercial bank lending for energy efficiency investments.

TurkeyM

20

86,50033

District Heating Energy Efficiency (P132741 | FY14): improve energy
efficiency and quality of service of District Heating companies.

UkraineM20524,000

34

Energy Efficiency Facility for Industrial Enterprises, Phase 3 (P165054| FY18): improve energy efficiency in Industrial Enterprises (IEs) bydesigning and establishing a financing mechanism for energy saving
investments.

Uzbekistan

M

25

122,600

Uzbekistan - Advanced Electricity Metering Project (P122773) has been removed from this report. The majority of its loan has been cancelled due to implementation issues.

Notes:
na – Indicator is not applicable for this project.
~ – Indicator is not measured/reported for this project.
Amounts may not add up due to rounding.
/a Column indicates whether the project aims to mitigate climate change (“M”), help client countries adapt to the effects of climate change (“A”), or both.
/b Target results are expected impacts based on estimates developed at the time of project approval and materializing at the end of the project implementation period (5 years
in most cases). The indicators shown are normally a subset of the development impacts contained in project documentation available in the World Bank project website (http://
www.worldbank.org/projects). Results reported are based on the entire project, with the percent shown next to the loan amount corresponding to the proportion of the total
financing that is financed by World Bank loans. Actual impacts may be different from these estimates and do not represent the actual results in a specific year. Quantitative
estimates are intended to be indicative of the scale of impacts and qualitative results aim to inform about the nature of changes that will be achieved as a result of projects
included in the Green Bond program once they are completed and at full capacity.
/c Annual energy savings include reduced energy use for both power and heat, where applicable and calculated by the project’s lifetime when possible (otherwise calculated
based on the project’s implementation period).
/d Annual GHG Emissions avoided are calculated by the project’s lifetime when possible (otherwise calculated based on the project’s implementation period).
/e For closed projects, “Project Completed” refers to a closed project for which its Implementation Completion Report (ICR) is not available yet. “Updated for actual results at
project completion” refers to a closed project where ICR is available, and target results are updated accordingly.
/f The committed amount is the Green Bond eligible portion of the World Bank loan net of cancellations reported in equivalent US$ millions. Loans denominated in othercurrencies are converted to US$ equivalents using the spot exchange rate on the report date (June 30, 2019).
/g The percentage shows the share of the total financing that is provided by World Bank loans. When a project is co-financed, this share could be used to apportion total
results to the World Bank.
/h The allocated amount is the amount of Green Bond proceeds allocated to support the financing of disbursements to the project reported in equivalent US$ millions. Loansdenominated in other currencies are converted to US$ equivalents using the spot exchange rate on the report date (June 30, 2019).

RENEWABLE ENERGY & ENERGY EFFICIENCY

25

Project Completed
Project in Progress
Target Results /b
Annual Energy
Produced
MWhRenewable
Capacity
Added MW

Annual GHG
Emissions Avoided
Tons of CO2 Eq./d1,638,000

410

522,000

1,734,000~

naCommitted
US$ mil/f

IBRD
share/g

Allocated
US$ mil /h● 1,100,000 direct project beneficiaries, 50% of
which are expected to be female.

346.9

15%

166.5

690,000● 52 km of transmissions lines constructed or
rehabilitated.

247.7

63%

202.6

na

44,000

Cumulative over 5 years of implementation:● 154,500 tons of CO2 eq. emissions reduced for
all SME loans.
● 300,000 MWh in electricity savings.

201.0

67%

191.0

na

na

261,800● 721,400 consumers served by the participatingcompanies.

160.0

87%

51.5

~

na

158,638● 70 beneficiary industrial enterprises.
● 50 industrial enterprises which adopted energy
management system.

200.0

62%

49.2

Other Results/e

Total Allocated for Renewable Energy & Energy Efficiency

6,241.5

4,906.6

Cumulative Loan Repayments(505.4)

Total Allocated and Outstanding for Renewable Energy and Energy Efficiency

4,401.3

26

ELIGIBLE PROJECTS BY SECTOR

Clean Transportation#

Link to More
Information

Project Name (Number | Year/s Loans Approved)and Description

Country

A/M/a

Project
Life

Pass/km and/or
passengers

35

Changzhi Urban Transport (P124978 | FY12): improve transport
mobility and accessibility while reducing emissions in a safe, energysaving, and efficient manner for all users.

China

M

25

~

36

Wuhan Second Urban Transport (P112838 | FY10): improve efficiency,
coverage and safety of public transport systems in an environmental,
sustainable, integrated and safe way.

China

M

20

~

37

Xi'an Sustainable Urban Transport (P092631 | FY08): improve transport
accessibility and mobility and enhance airquality monitoring of theurban transport system.

China

M

25

52,000 public
bicycles with70 million users
annually.

38

Xinjiang Yining Urban Transport Improvement Project (P126454| FY12): provide improved access, safety, and efficiency in public
transportation in an environmentally sustainable manner.

China

M

30

● 105.5 million
passenger-trip
per year (40%increase).
● 61,000 additional
people with accessto quality urban
transport services.

39

Colombia Integrated Mass Transit Systems (P082466 | FY10) : scaleup the National Urban Transport Project's physical scope throughexpanding trunk corridors and feeder routes to meet increased demandand improve associated infrastructure.

Colombia

M

24

~

40

Sustainable Urban Transport (P110371 | FY10): improve government
capacity to manage climate friendly urban transport solutions focusingon public and non-motorized transport.

India

M

30

5,750 additional
passengers per day.

41

Urban Transport Transformation (P107159 | FY10): reduce carbon
emissions and transform public transportation efficiency.

Mexico

M

13

~

42

Greening Rio de Janeiro Urban Rail Transit – Additional Financing(P111996 | FY12): provide a more efficient and cleaner suburban railsystem.

BrazilM

30

700,000 passengers
per day (40%increase since2009).

43

Sao Paulo State Sustainable Transport (P127723 | FY13): improvetransport efficiency and safety, increase share of waterway transport,
and improve resilience to climate change and natural disasters.

BrazilBoth

20

50% reduction ofroad fatalities in the
100 most criticalspots.

CLEAN TRANSPORTATION

27

Project Completed
Project in Progress
Target Results /b
Ton/km and/or tons

GHG emissions
reduced/avoided/c

na

~

na

Committed
US$ mil/e

IBRD
share /f

Allocated
US$ mil /g● 10% reduction in fuel consumption per passenger-km
on project corridors.
● 48% reduction in traffic fatalities.
● Reduced travel times during peak hours.
● 50 new electric buses in use.
● 25 km of roads (non-rural) rehabilitated.
● 25.5 km of bus priority lanes built.
Updated for actual results at project completion.

91.5

50%

91.5

459,000● Establish facilities for pedestrians and cyclists.
● 33% modal share of public transportation on target
corridors.
● An average of a 13 minute decrease in travel time atpeak hours.
Updated for actual results at project completion.

100.0

16%

100.0

na

~

● Doubled area of bus terminals.
● 275% increase in average speed of public
transportation from 12 to 45 km/hr.
● Air quality monitoring system/facility implemented.
● 31,000 vehicles with emissions tested.
● 320,214 m2 of areas of bus terminals achieved.
Updated for actual results at project completion.

150.0

36%

150.0

na

~

● Reduced peak-hour travel times in two integrated
corridors.
● Reduced traffic accident fatalities.
● 33.54 km of roads constructed in a new developingarea.
● 30.4 km of urban roads improved.
Updated for actual results at project completion.

90.9

48%

90.9

na

~

● 81.5 km of segregated trunk-lines constructed.
● 95.5 km of pre-trunk and feeder lines constructed.
● 4 terminals/garages constructed.
● 125 stations constructed.
Updated for actual results at project completion.

295.9

40%

295.9

Other Results/d

na

312,000 tonsof CO2 eq.
emissions
reducedannually overthe first 10
years.

● 68 new safe sidewalks and cycle tracks.
● 50% public transport trip mode share.
Updated for actual results at project completion.

88.8

32%

88.8

na

340,000 tonsof CO2 eq.
emissions
reducedannually.

● 9.3 integrated mass transit corridors of 15 km each.
● 12 new light trains.
Project completed.

52.0

6%

52.0

na

34,000 tons of
CO2 eq. reduced
annually● 100 new trains delivered and in operation.
● Upgraded infrastructure.
● Shorter travel and waiting times.
● Bicycle parking facilities in select stations.

519.3

73%

420.0

9,600 tons of
net CO2 reduced
annually● 750 km of roads rehabilitated.
● 40 new automatic stations to monitor climate risk.
● 39 additional municipalities with disaster risk mapping.

300.0

70%

248.3

● 30% increase in exported
biofuel transported by waterway● 6 million tons/year freight in the
Tiete-Parana waterway (400%increase).

28

ELIGIBLE PROJECTS BY SECTOR

Clean Transportation#

Link to More
Information

Project Name (Number | Year/s Loans Approved)and Description

Country

A/M/a

Project
Life

Pass/km and/or
passengers

44

HaJia Railway (P117341 | FY14): provide additional railway capacity
and reduce transport time for passengers and freight.

China

M

30

3 million additional
passengers per
year.

45

Heilongjiang Cold Weather Smart Public Transportation System(P133114 | FY14): upgrade the quality, safety and efficiency of public
transport service.

China

M

20

38.8 million morebus rides annually
due to increased
efficiency of bus
service.

46

Hubei Xiangyang Urban Transport (P119071 | FY12): improve mobility,
safety, and efficiency in urban transportation.

China

M

25

460,000
beneficiaries of
reduced travel times
and greater accessto the city center.

47

Jiaozuo Green Transport and Safety Improvement (P132277 | FY14):
improve transport safety and efficiency along the selected transport
corridors and promote non-motorized trips within the pilot green
corridor.

China

M

30

● 241,500 nonmotorized trips per
year in the green
corridor.
● 32,400 additional
bus passengers per
year.

48

Nanchang Urban Rail (P132154 | FY13): provide an effective urban
mass rapid transit system for a rapidly expanding city to reduce
pollution, traffic congestion, and commuting times.

China

M

30

200,000 passengertrips per day.

49

Qinghai Xining Urban Transport Project (P127867 | FY14): provide
more efficient, safer and cleaner transportation.

China

M

30

264,000 additional
passengers per day.

50

Tianjin Urban Transport Improvement Project (P148129 | FY16):
leverage the existing metro system and promote walking and biking in
the urban core to make transport greener and safer.

China

M

20

● 85,000 new metrousers per day.
● 135,000 new
non-motorized trips
per day.

51

Urumqi Urban Transport Project II (P148527 | FY16): improve mobility
in selected transport corridors and reduce pollution from cars with a bus
rapid transit (BRT) system.

China

M

30

645,000 people
benefit from directaccess to BRT
corridors andgreener/more
efficient transport.

52

Yunnan Honghe Prefecture Diannan Center Urban Transport(P101525 | FY14): improve the safety, accessibility, and efficiency oftransportation in core urban areas by building new infrastructure, staff
training and education campaigns.

China

M

25

● 742,000 people
gaining access tourban transport
service.
● 38 million
additional
passenger trips
annually.

CLEAN TRANSPORTATION

29

Project Completed
Project in Progress
Target Results /b
Ton/km and/or tons
7 million additional freight volume
per year.

GHG emissions
reduced/avoided/c

Other Results/dCommitted
US$ mil/e

IBRD
share/f

Allocated
US$ mil/g~● Reduced passenger and freight travel time byrespectively 254 and 210 minutes.
● 15 million people benefit including rural poor.
● Reduced pollution from shift to electric railways fromroad and air transport.

300.0

5%

266.3

na

27,382 tons of
CO2 reduced
annually.

● 20-30% reduction in fuel use.
● 22-25 km of improved transport corridors developed.
● 320 new cleaner-fuel vehicles procured.

154.0

46%

50.9

na

~

● 40 new and higher quality buses in operation.
● 30% reduction in fatalities and severe accidents.
● 100 new bus stops constructed or upgraded.

100.0

47%

85.7

na

~

● 490,000 beneficiaries of which 241,000 are women.
● Reduced traffic fatalities by 36%.
● 17 km in green corridors exclusively dedicated topedestrians and cyclists.
● 35.3 km of corridor constructed or improved.

100.0

50%

54.3

na

~

● Reduced travel time on public transport by 25 minutes
or more.
● 100% of stations to become wheelchair and sightimpaired accessible.
● 90% integration of facilities for bus/rail/bike transfer.
● 506,000 project beneficiaries.

250.0

10%

173.1

na

~

● 20% decrease in travel time.
● Improved accessibility to 189,400 jobs.
● Reduced vehicle pollution.
● 400,000 project beneficiaries.

30.3

48%

12.5

na

260 tons of
CO2 reduced
annually.

● 2.8 million trips benefit from improvements each day.
● 50 km of roads rehabilitated, 111 metro stations
improved and 5 new bus terminals completed.

100.0

45%

20.3

na

110,000 tons of
CO2 reduced.

● 51.7 km of BRT routes operated.
● 45% of commuters using smart cards.
● 450% increase in average passenger boardings perbus/km during peak hours.

140.0

26%

52.5

na

~

● Reduced average travel time for public transport usersof 10.5-15 minutes.
● Reduced the number of transport related fatalities.
● 15.4 km of roads constructed and/or re-functioned.

150.0

43%

40.5

30

ELIGIBLE PROJECTS BY SECTOR

Clean Transportation#

Link to More
Information

Project Name (Number | Year/s Loans
Approved) and Description

Country

A/M/a

Project
Life

Pass/km and/or
passengers

Ton/km and/or
tons

53

National Urban Transit Program(P117947 | FY12): reduce carbon
emissions and improve public
transportation efficiency and safety.

Colombia

M

15

~

na

54

Manta Public Services Improvement
Project (P143996 | FY14): improvetransport services and the quality andsustainability of water and sanitation.

EcuadorM

30● 505 average daily cyclist
traffic (20% increase).
● 3,150 average daily
pedestrian traffic (25%increase).

na

55

Quito Metro Line One (P144489 | FY15):
improve urban mobility and serve thegrowing demand for public transport.

EcuadorM

30

Combined with P158756

na

56

Quito Metro Line One (Additional
Financing) (P158756 | FY18): improveurban mobility in the city of Quito serving
the growing demand for public transportand reduce emissions of pollutants and
GHG.

EcuadorM

30

296,000 passengers per day.

na

57

Eastern Dedicated Freight Corridor - II
(P131765 | FY14): increase the capacityand quality of freight rail service.

India

M

22

na

22 tons of freighttraffic annually.

58

Lima Metro Line 2 Project (P145610 |FY15): Construction of a 35 km subway
line and related infrastructure improving
transportation in the east-west axis of the
Lima-Callao Metropolitan area.

Peru

M

17

● 360,000 passengers perday.
● 100,000 additionaljobs reachable by public
transportation within 60
minutes.

na

59

Cebu Bus Rapid Transit (BRT) Project(P119343 | FY15): improve the quality,
safety, and environmental performance ofurban public transportation.

PhilippinesM

20

275,000 additional
passengers using public
transportation annually.

na60

Metro Manila Bus Rapid Transit Line
1 (P132401 | FY17): improve, in anenvironmentally sustainable manner, theefficiency, effectiveness and safety of the
public transport system along the project
corridor in Metro Manila.

PhilippinesM

28

300,000 direct beneficiaries
daily.

na

Notes:
Amounts may not add up due to rounding/a Column indicates whether the project aims to mitigate climate change (“M”), help client countries adapt to the effects of climate change (“A”), or both.
/b Target results are expected impacts based on estimates developed at the time of project approval and materializing at the end of the project implementation period (5 years inmost cases). The indicators shown are normally a subset of the development impacts contained in project documentation available in the World Bank project website (http://www.
worldbank.org/projects). Results reported are based on the entire project, with the percent shown next to the loan amount corresponding to the proportion of the total financing thatis financed by World Bank loans. Actual impacts may be different from these estimates and do not represent the actual results in a specific year. Quantitative estimates are intended
to be indicative of the scale of impacts and qualitative results aim to inform about the nature of changes that will be achieved as a result of projects included in the Green Bond
program once they are completed and at full capacity.
/c Annual GHG Emissions avoided are calculated by the project’s lifetime when possible (otherwise calculated based on the project’s implementation period).
/d For closed projects, “Project Completed” refers to a closed project for which its Implementation Completion Report (ICR) is not available yet. “Updated for actual results at projectcompletion” refers to a closed project where ICR is available.

CLEAN TRANSPORTATION

31

Project Completed
Project in Progress
Target Results/b
GHG emissions
reduced/avoided/c

Other Results/dCommitted
US$ mil/e

IBRD
share/f

Allocated
US$ mil/g

10% reductionof PM10concentrationlevel.

● Reduced average travel time for low income riders from 11.4 to 22.2 minutes.
● Reduced accidents and pollution (including greenhouse gases) associated with bus transport
services.
● 25 km of rehabilitated pedestrian public space.
*In previous reports, results for this project were combined with those of the Colombia
Integrated Mass Transit System (P082466), which has since closed.

198.0

25%

141.0

~

● 71,000 residents benefit from water connection investments.
● Improved mobility and accessibility of street network including pedestrian facilities and cycling
paths.
● 24 hours of continuity of water supply service.
● 2,318 and 17,500 piped household water connections respectively constructed andrehabilitated.

100.0

87%

93.8

Combined with
P158756● US$14 million in annual fuel savings.
● 40% reduction in average travel time.
● 1,800 jobs created.

205.0

12%

201.8

82,285 tonsof CO2 eq.
emissions
reducedannually.

● 51% of jobs accessible in 60 minutes of travel time.
● Reporting mechanism for cases of violence against women and girls implemented.
● 20% of technical and professional staff, directly employed by the operator, that is female.
*This project represents the Additional Financing to Quito Metro Line One’s parent project(P144489) and its target results coincide with those of the parent project.

230.0

36%

124.3

400,000 tonsof CO2 eq.
emissions
reducedannually.

● 1,133 km of new freight-only rail.
● Axle-load limit raised from 23 to 25 tons increasing speeds.

910.0

67%

295.7

46,120 tonsof CO2 eq.
emissions
reducedannually.

● 34% reduction in travel time per trip.
● Benefits 1.6 million people for improved access to jobs.

300.0

5%

70.0

193,350 tonsof CO2 eq.
emissionsavoidedannually.

● 22% reduction of annual accidents in city.

116.0

51%

15.6

206,892 tons of
GHG emission
avoidedannually.

● Average travel time for public transports users reduced by 52%.
● Constructed 11.5 km of bus lane.
● Improved or upgraded 3,200 meters of pedestrian access facilities.
● Transport user accidents reduced by 94%.

40.7

37%

0.1

Total Allocated for Clean Transportation

5,112.5

3,235.7

Cumulative Loan Repayments(135.7)

Total Allocated and Outstanding for Clean Transportation

3,100.1/e The committed amount is the Green Bond eligible portion of the World Bank loan net of cancellations reported in equivalent US$ millions. Loans denominated in other currencies are converted to US$ equivalents using the spot exchange rate on the report date (June 30, 2019).
/f The percentage shows the share of the total financing that is provided by World Bank loans. When a project is co-financed, this share could be used to apportion total results
to the World Bank.
/g The allocated amount is the amount of Green Bond proceeds allocated to support the financing of disbursements to the project reported in equivalent US$ millions. Loansdenominated in other currencies are converted to US$ equivalents using the spot exchange rate on the report date (June 30, 2019).

32

ELIGIBLE PROJECTS BY SECTOR

Water & Wastewater Management#

Link to More
Information

Project Name (Number | Year/s
Loans Approved)and Description

Country

A/M

Project
Life/aAnnual water savings

Annual amountof wastewater
treated/reused/avoided61

Federal Integrated Water Sector(P112073 | FY12): improve water
resource management including
assessing how climate change
impacts water availability, and improvecoordination and capacity of key
federal institutions in the water sector.

Brazil

A

30

~

~

62

Bengbu Integrated Environment
Improvement (P096925 | FY08):
improve effectiveness and resilienceof urban water supply, treatment
services and flood prevention andcontrol systems through improved
infrastructure and watershedmanagement.

China

A

25

~

Industrial
Wastewater
Treatment Plant(WWTP) of 20,000
m3/day and Water
Treatment Plant(WTP) of 30,000
m3/day.

63

Water Conservation II (P114138 |FY12): improve agriculture water
management and increase agriculture
water productivity.

China

A

30

● 22.67 million m3
reduction in water
withdrawal.
● 16.52 million m3
reduction in groundwater
overdraft.
● 5.80 million m3 reduction
in groundwater withdrawal.

na64

Xining Flood and Watershed Mgmt
(P101829 | FY09): improve sustainableutilization of land and water resources
by improved flood control management,
wastewater collection and treatment,
and watershed management.

China

A

30

~

4,825,000 tonsof untreatedwastewaterflowing into rivers
avoided annually.

65

Emergency Recovery and Disaster
Risk Management (P109932 | FY08,
FY12): provide infrastructure recovery
and strengthen risk management
capacity in tropical storm affectedareas.

Dominican
Republic

A

30

~

~

66

Andhra Pradesh Water Sector
Improvement (P100954 | FY10):
improve irrigation services on asustainable basis and strengthen
the State’s institutional capacity for
multisectoral development and of its
water resources.

India

A

30

~

~

67

Water Resources and Irrigation
Management Program 2 (P114348| FY11): improve infrastructureand government capacity for river
basin water resource and irrigation
management.

Indonesia

A

25

na

na

WATER & WASTEWATER MANAGEMENT

33

Project Completed
Project in Progress
Target Results /b
Annualamount of
raw/untreatedsewage sludge
treated &disposed ofAnnual amountof sludge that isreused~~~Committed
US$ mil/d

IBRD
share /e

Allocated
US$ mil /f● 14 water resources management institutions supported by the project.
● Increased water use efficiency and proper management of solid waste.
● Improved quality of water service in both urban and rural areas.
Updated for actual results at project completion.

16.4

75%

16.4

~

● 85.5% flood protection of Bengbu’s city land area (131.84 km of storm
drainage networks built or upgraded).
● Pollution reduction reached 13%● 3 months of water supply reserves.
● 764,300 residents benefiting from secured water supply during dry season.
● 6 storm water drainage pumping stations (with total capacity of 240 m3/s) built.
● 9.2 km of sewer interceptors and secondary sewer collection network built.
● 60 km of wastewater networks completed.
● 2,690 tons per year of COD pollution reduction.
● 90% of wastewater collected and treated increased.
Updated for actual results at project completion.

99.9

45%

99.9

na

na

● 15% increase in main crop yields (507,850 metric tons of total yield of mainfood crops).
● RMB 200 increase in per capita annual agricultural income.
● Reverse the trend of declining water table in groundwater irrigated areas.
● Increase by 0.40kg/m3 in agricultural water productivity.
● 59,420 water users and 59,849 ha provided with new/improved irrigation anddrainage services.
Updated for actual results at project completion.

76.7

50%

76.7

na

na

● 1,127,000 tons of soil loss avoided annually.
● 434,440 people benefit from reduced vulnerability to flood events.
● 36.22 km2 protected from flooding.
● 87 km of wastewater collection networks built or upgraded.
Updated for actual results at project completion.

100.0

53%

100.0

na

na

● 37,218 ha of damaged irrigation rebuilt.
● 152 km transmission lines restored to “disaster-resistant” standards.
● Santiago waste water operation restored.
● 252 MW of damaged hydropower facilities restored and dam safety standards
improved.
Updated for actual results at project completion.

99.9

100%

99.9

~

~

● Improved irrigation service delivery on a sustainable basis.
● Increased cropping intensity, crop diversity, and productivity of crops, livestock,and fish.
● 788,459 ha provided with new irrigation or drainage services.
● 425,992 water users provided with new/improved irrigation and drainage
services.
Updated for actual results at project completion.

399.2

46%

399.2

na

na

● Increased crop productivity by providing more efficient and reliable irrigationwater.
● 500,000 farmer households from provinces involving 12 river basins benefited.
● 5.1 million people benefiting from the project.
● 395,450 ha provided with new irrigation or drainage services.
●19,395,000 Rp of losses avoided per year from RIM (river improvement
management) activities.
Updated for actual results at project completion.

119.3

74%

119.3

Other Results/c

34

ELIGIBLE PROJECTS BY SECTOR

Water & Wastewater Management#

Link to More
Information

Project Name (Number | Year/s Loans
Approved)and Description

Country

A/M/a

Project
Life

Annualwater
savings

Annual amountof wastewater
treated/reused/avoided~68

Second Water Sector Investment (P095847| FY09): promote better water management
through efficiency improvements in irrigationand increased capacity for watershedmanagement.

Tunisia

A

30

~

69

Emergency Water Security and Efficiency(FY17| P160911): to improve availability ofwater supply in drought vulnerable areas,
increase the efficiency of Water Utilities
Corporation, and strengthen wastewater
management in selected systems.

BotswanaA

20~

2,620 m3 ofadditional
wastewater
treated perday (956,000
annual).

70

Espirito Santo Integrated Sustainable Water
Management Project (P130682 | FY14):
improve sustainable water resourcesmanagement and increase access tosanitation.

Brazil

Both

25

~

~

71

Lake Qaraoun Pollution Prevention (P147854| FY16): reduce the quantity of untreatedmunicipal sewage discharged into the Litani
River and address pollution around Qaraoun
Lake.

LebanonA

14~

30,000 m3
of municipal
wastewatercollected andtreated daily.

72

Can Tho Urban Development and Resilience(P152851 | FY16): reduce flood risk in theurban core area, improve its connectivity to
new urban growth areas, and improve the city’scapacity to manage disaster risk.

Vietnam

A

29

na

na

Notes:
Amounts may not add up due to rounding.
/a Column indicates whether the project aims to mitigate climate change (“M”), help client countries adapt to the effects of climate change (“A”), or both.
/b Target results are expected impacts based on estimates developed at the time of project approval and materializing at the end of the project implementation period (5 years
in most cases). The indicators shown are normally a subset of the development impacts contained in project documentation available in the World Bank project website (http://
www.worldbank.org/projects). Results reported are based on the entire project, with the percent shown next to the loan amount corresponding to the proportion of the total
financing that is financed by World Bank loans. Actual impacts may be different from these estimates and do not represent the actual results in a specific year. Quantitative
estimates are intended to be indicative of the scale of impacts and qualitative results aim to inform about the nature of changes that will be achieved as a result of projects
included in the Green Bond program once they are completed and at full capacity.
/c For closed projects, “Project Completed” refers to a closed project for which its Implementation Completion Report (ICR) is not available yet. “Updated for actual results at
project completion” refers to a closed project where ICR is available.
/d The committed amount is the Green Bond eligible portion of the World Bank loan net of cancellations reported in equivalent US$ millions. Loans denominated in othercurrencies are converted to US$ equivalents using the spot exchange rate on the report date (June 30, 2019).
/e The percentage shows the share of the total financing that is provided by World Bank loans. When a project is co-financed, this share could be used to apportion total
results to the World Bank.
/f The allocated amount is the amount of Green Bond proceeds allocated to support the financing of disbursements to the project reported in equivalent US$ millions. Loansdenominated in other currencies are converted to US$ equivalents using the spot exchange rate on the report date (June 30, 2019).

WATER & WASTEWATER MANAGEMENT

35

Project Completed
Project in Progress
Target Results /b
Annualamount of
raw/untreatedsewage sludge
treated &disposed ofAnnual amountof sludge that isreusedna

na

85% of averageannual COD
removalefficiency fromwastewater at
WWTP.

Committed
US$ mil/d

IBRD
share /e

Allocated
US$ mil /f● 24,436 ha rehabilitated with irrigation and drainage systems at closing.
● 21,128 households supplied with new drinking water.
● 21,602 ha provided with drainage systems.
Updated for actual results at project completion.

16.6

19%

16.6

~

● 580,000 direct project beneficiaries.
● 14,500 m3 of additional water made available per day.
● 39,500 m3 of water delivered to consumers per day.
● 75,000 piped household water connections that are benefiting fromrehabilitation.

145.5

91%

4.4

1,590 tons of
BOD removed a
year.

~

● 2.6 million people benefit.
● 70% of State with disaster warning system.
● 32,897 new household sewer connections.
● 164,000 people with improved sanitation.
● 2,000 ha reforested.

81.1

70%

10.7

1,250 m3 of trash
removed fromriver banks.

~● 50% reduction in pollutant load (nitrogen) to waterways.
● 344,000 of direct beneficiaries.
● 7,300 new household sewer connections.
● 200 km of sewer network constructed in the project area.

55.0

92%

5.7

na

na

● 2,675 ha in urban core land area protected from floods.
● 25-30% reduction in travel time between urban core and Cai Rang center.
● 420,000 people as direct beneficiaries in which 24,000 are from ethnic
minorities and 216,000 are female.
● 12 km of new and upgraded sewers/pipe installed.

125.0

39%

10.0

Total Allocated for Water, Wastewater, and Waste Management

1,334.6

Other Results/c

958.9

Cumulative Loan Repayments(112.7)

Total Allocated and Outstanding for Water and Wastewater Management

846.2

36

ELIGIBLE PROJECTS BY SECTOR

Solid Waste Management#

Link to More
Information

Project Name (Number | Year/s Loans Approved)and Description

Country

A/M/a

Project
Life

Waste prevented,
minimized, reusedor recycled

73

Integrated Solid Waste & Carbon Finance (P106702 |FY11): improve treatment and final disposal of municipal
solid waste and reduce methane emissions.

BrazilM

199,000 tons per day
of waste disposedin environmentally
sustainable sanitary
landfills.

74

Solid Waste Sector DPL (P104937 | FY09): enhance thegovernance of the solid waste sector.

MoroccoM

26

naAmounts may not add up due to rounding.

Notes:
Amounts may not add up due to rounding.
/a Column indicates whether the project aims to mitigate climate change (“M”), help client countries adapt to the effects of climate change (“A”), or both.
/b Target results are expected impacts based on estimates developed at the time of project approval and materializing at the end of the project implementation period (5 years
in most cases). The indicators shown are normally a subset of the development impacts contained in project documentation available in the World Bank project website (http://
www.worldbank.org/projects). Results reported are based on the entire project, with the percent shown next to the loan amount corresponding to the proportion of the total
financing that is financed by World Bank loans. Actual impacts may be different from these estimates and do not represent the actual results in a specific year. Quantitative
estimates are intended to be indicative of the scale of impacts and qualitative results aim to inform about the nature of changes that will be achieved as a result of projects
included in the Green Bond program once they are completed and at full capacity.
/c Annual GHG Emissions avoided are calculated by the project’s lifetime when possible (otherwise calculated based on the project’s implementation period).
/d For closed projects, “Project Completed” refers to a closed project for which its Implementation Completion Report (ICR) is not available yet. “Updated for actual results at
project completion” refers to a closed project where ICR is available.
/e The committed amount is the Green Bond eligible portion of the World Bank loan net of cancellations reported in equivalent US$ millions. Loans denominated in othercurrencies are converted to US$ equivalents using the spot exchange rate on the report date (June 30, 2019).
/f The percentage shows the share of the total financing that is provided by World Bank loans. When a project is co-financed, this share could be used to apportion total
results to the World Bank.
/g The allocated amount is the amount of Green Bond proceeds allocated to support the financing of disbursements to the project reported in equivalent US$ millions. Loansdenominated in other currencies are converted to US$ equivalents using the spot exchange rate on the report date (June 30, 2019).

SOLID WASTE MANAGEMENT

37

Project Completed
Project in Progress
Target Results/b
Annual GHG emissions
reduced/c

Other Results/dCommitted
US$ mil /e

IBRD
share /f

Allocated
US$ mil /g~● 3 dumps closed.
● 7 municipalities made investments to improve recycling and composting activities.
Updated for actual results at project completion.

16.7

31%

16.7

na

● 24,436 ha rehabilitated with irrigation and drainage systems.
● 21,128 households supplied with new drinking water.
Updated for actual results at project completion.

113.8

100%

113.8

Total Allocated for Solid Waste Management

130.6

130.6

Cumulative Loan Repayments(19.1)

Total Allocated and Outstanding for Solid Waste Management

111.4

38

ELIGIBLE PROJECTS BY SECTOR

Agriculture, Land Use, Forests & Ecological Resources#

Link to More
Information

Project Name (Number | Year/s Loans Approved)and Description

Country

A/M/a

Project Life75

Integrated Forestry Development (P105872 | FY11): increase
forest cover to create wind breaks, farmland shelter belts,
and conservation schemes, and to train farmers in forest andenvironmental management.

China

Both

25

76

Hunan Forest Restoration and Development (P125021 | FY13):
increase resilience of forests.

China

Both

26

77

Forests and Climate Change (P123760 | FY12): support ruralcommunities' sustainable management of forests, and generate
additional income from forest products and services and to
reduce emissions from deforestation and forest degradation.

Mexico

Both

13

78

Forest Fire Response (P123923 | FY13): improve forest fire
prevention and management and to enhance sustainable forest
management.

Russian Federation

Both

18

79

Fourth Northwest Mountainous and Forested Areas
Development (P119140 | FY11): better protect and manage
natural resources through conservation of soil and water
resulting from improved agriculture and pasture practices andto improve access to potable water for rural communities.

TunisiaA

21

80

Second Community Agriculture Resource Management andCompetitiveness Project (P133705 | FY14): improve pasturebased livestock management in targeted alpine grasslands
areas.

Armenia

A

25

81

Belarus Forestry Development Project - Additional Financing(P165121 | FY18): enhance silvicultural management andreforestation and afforestation, increase the use of felling
residues and improve the public good contribution from forests
in targeted forest areas.

BelarusA

30

82

Guangdong Agricultural Pollution Control (P127775 | FY14):
promote waste management in livestock and crop production(including methane capture and use) and improve soil nutrient,fertilizer, and pesticide use.

China

M

25

83

Hebei Rural Renewable Energy Development Project (P132873| FY15): demonstrate sustainable biogas production andutilization to reduce environmental pollution and supply clean
energy.

China

M

25

AGRICULTURE, LAND USE, FORESTS & ECOLOGICAL RESOURCES

39

Project Completed
Project in Progress
Target Results/b
Committed
US$ mil/d

IBRD
share/e

Allocated
US$ mil/f● 132,600 ha of forests restored or re/afforested: 93,840 ha of new multifaction plantations and 38,450 ha ofimproved existed plantations.
● 40% increase in vegetative cover plus improved species diversity in degraded forests rehabilitated.
● 324,000 farmers trained in forest management.
Updated for actual results at project completion.

99.1

50%

99.1

● 58,900 ha of ecological forest plantation areas reforested and rehabilitated.
● 26,130 households benefited.
Project completed.

80.0

69%

80.0

● 92% increase in areas under improved forest management (equivalent to 3,935,984 additional ha).
● Support 2 pilot areas to reduce carbon emissions from deforestation and forest degradation.
● 2,622 communities applied for sustainable management and conservation schemes (not comulative butreflecting yearly results and this figure reflects what has been achieved at project's completion).
● 265,632 project beneficiaries.
● 10,907,000 tons of CO2 eq. per year of average reduction from deforestation and forest degradation.
Updated for actual results at project completion.

291.6

45%

291.6

● Improve forest fire detection and suppression systems.
● Improve capabilities of fire brigades.
● Avoid 75,500,000 tons of CO2 eq. emissions over 25 years.
● Raise public awareness and education standards in forestry issues in general.
Project completed.

16.2

33%

16.2

● Reduce erosion and forest degradation: 10,517 ha of erosion-sensitive land protected with soil and water
conservation works and infrastructure.
● Build climate change awareness and disseminate climate-appropriate practices to reinforce livelihood and agrosystem resilience: 39,500 ha of additional land under sustainable land and water management (at farm level),
12,927 ha of pasture upgraded and sustainably managed and 15,994 ha of trees planted.
● 371 water points constructed and rehabilitated benefitting more than 2,000 households.
● 181 km of newly constructed feeder roads and 815 km of rehabilitated roads.
● 318,000 people benefit.
Updated for actual results at project completion.

30.1

73%

30.1

● At least 10,000 pasture users benefit through their membership in Pasture Users’ Cooperatives.
● 110,000 ha of land managed with sustainable practices.

23.0

54%

10.3

● Increase by 262,281 metric tons of CO2 eq. avoided annually, based on project's lifetime.
● 6 nursery lines for container grown seedings of native tree species established with a production of 23.7 million
seedlings per year.
● 757 people trained.
● 35,500 direct project beneficiaries.
● 3,273,300 ha of new areas managed as biodiversity-friendly.

13.7

25%

0.7

● 45,000 tons of annual pollution load to waterways reduced.
● 5,000 tons of annual nutrient load to waterways reduced.
● 28,000 ha with improved soil nutrient, fertilizer and pesticide use.
● 100 tons of total pesticide consumption reduced annually.
● 15,000 clients adopting an improved agricultural technology.

100.0

48%

56.6

By 2020:● 42,000,000 m3 of biogas used annually.
● 58,780 tons of CO2 emissions reduced annually.
● 96,100 rural resident households with access to biogas supply.
● Additional biogas used as fuel for public transportation.
● 221,700 tons and 241,600 tons of, respectively, crop residues and livestock manure treated by the project each
year.

71.5

47%

36.3

Results/c

40

ELIGIBLE PROJECTS BY SECTOR

Agriculture, Land Use, Forests & Ecological Resources#

Link to More
Information

Project Name (Number | Year/s Loans Approved)and Description

Country

A/M/a

Project Life

84

Integrated Modern Agriculture Development (P125496 | FY14):
develop sustainable and climate resilient agricultural production
systems by investing in improved irrigation and drainage
systems and practices that address climate risk.

China

A

25

85

Ningxia Desertification Control and Ecological Protection(P121289 | FY12): control desertification and land degradation
by stabilizing moving sands, re-vegetating degraded steppe
lands and planting shelter belts.

China

Both

30

86

Maharashtra Project on Climate Resilient Agriculture(P160408 | FY18): enhance climate resilience and profitabilityof smallholder farming systems in selected districts of
Maharashtra.

India

A

20

87

Meghalaya Community-led Landscapes Management Project(P157836 | FY18): strengthen community-led landscapesmanagement in selected landscapes in the state of Meghalaya.

India

A

10

88

Tamil Nadu Irrigated Agriculture Modernization Project(P158522 | FY18): enhance productivity and climate
resilience of irrigated agriculture, improve water management,
and increase market opportunities for farmers and agroentrepreneurs in selected sub-basin areas of Tamil Nadu.

India

A

20

89

Coral Reef Rehabilitation and Management Program-Coral
Triangle Initiative (P127813 | FY14): protect and sustainably
manage unique coral ecosystems in selected districts andprovinces.

Indonesia

A

20

90

Strategic Irrigation Modernization and Urgent Rehabilitation
Project (P157585 | FY18): improve irrigation services andstrengthen accountability of irrigation schemes management inselected areas.

Indonesia

A

30

91

Large Scale Irrigation Modernization (P150930 | FY16): expand
agriculture through the adoption of irrigation techniques thatmake more efficient use of water resources, while building
better ties between farmers and markets.

MoroccoA

25

92

Additional Financing for Punjab Irrigated Agriculture
Productivity Program Project (P157736 | FY18): improve theproductivity of water use in irrigated agriculture through scaling
up of key activities, and finance a new activity on postharvest
processing and value addition.

Pakistan

A

20

93

Peru National Agriculture Innovation Program (P131013 |FY14): strengthen the national agricultural innovation system
and integrate climate change criteria into project such as
adaptive research, seed improvements and skills development,
among others.

Peru

A

10

AGRICULTURE, LAND USE, FORESTS & ECOLOGICAL RESOURCES

41

Project Completed
Project in Progress
Target Results/b
Committed
US$ mil/d

IBRD
share/e

Allocated
US$ mil/f● Reduced water use per ton of rice, wheat and maize produced in target regions.
● 94,000 ha of farmland served with improved irrigation and drainage services.
● 38,500 ha of leveled land and improved soil conditions.
● 380,000 farm households beneficiaries in 33 counties/districts.

200.0

64%

153.2

● 30,000 ha restored or re/ afforested.

80.0

70%

52.7

● 20% increase in water productivity at farm level: from 0.23 to 0.276 kg per m3.
● Annual reduction of 5,661,644 tCO2eq.
● 1,320,000 farmers reached with agricultural assets or services.
● 624,000 ha provided with new/improved irrigation or drainage services.
● Improved availability for 83,900,000 m3 of surface water storage capacity for agriculture.

420.0

70%

4.2

● 31,510 ha of land area under sustainable management practices.
● 12,585 ha of forest area brought under management plans.
● 400 villages provided with capacity-building package to support community-led natural resource management.
● At least 100,000 ultimate project beneficiaries.
● 175,419 net sequestration of CO2 annually, based on the project economic life.

48.0

80%

0.3

● 160,000 ha provided with improved irrigation or drainage services.
● Climate-resilient technologies promoted on 75,000 ha.
● 500,000 project beneficiaries.
● 100,000 ha under improved agronomic practises and 25,100 ha under improved fish production.
● Modernized 4,741 tank irrigation systems.
● 284,000 tCO2eq. avoided annually.

318.0

70%

48.9

● Reduce destructive fishing in selected areas.
● 1,140 direct beneficiaries in fishing communities.
● 1.4 million ha of marine areas brought under biodiversity protection.

3.8

89%

2.0

● 276,000 area provided with new/improved irrigation or drainage services.
● Reduced net annual average emissions by 439,743 tons of CO2 eq.
● Increase by 20% crop intensity.
● 300,000 farmer households provided with improved irrigation services.

250.0

43%

6.0

● 9,274 farmers benefit.
● 100% of area with access to water on demand in peak period.
● 20,700 ha with improved irrigation technologies.

150.0

80%

63.6

● 45% reduction in water losses for 11,550 watercourses improved and 120,000 acres covered by High Efficiency
Irrigation System.
● Increased by 100% of improved agricultural practices.
● Avoided 381,377 tons of CO2 eq. emissions annually.
● Increased by 30% in women benefitting.

130.0

63%

28.8

● 20,000 small and medium farmers adopting new technologies.
● 61 new technologies demonstrated on farms.
● 450,000 potential farmers beneficiaries.

13.0

31%

11.7

Results/c

42

ELIGIBLE PROJECTS BY SECTOR

Agriculture, Land Use, Forests & Ecological Resources#

Link to More
Information

Project Name (Number | Year/s Loans Approved)and Description

Country

A/M/a

Project Life

94

Rural Development (P132317 | FY15): improve the resilienceof small-scale farmers and fishermen to climate change byhelping them recover and increase income-generating activities
and strengthening the conservation of coastal and marine
resources.

Philippines

A

30

95

Third South West Indian Ocean Fisheries Governance andShared Growth Project (SWIOFish3) (FY18 | P155642): to
improve management of marine areas andfisheries in targeted zones and strengthen fisheries value
chains in the Seychelles.

Seychelles

A

20

96

Sustainable Management of Natural Resources and Climate
Change (P124181 | FY12): improve farm environmental
management and reduce greenhouse gas emissions bypromoting improved agriculture and livestock management.

Uruguay

Both

21

97

Sustainable Management of Natural Resources and Climate
Change (Additional Financing) (P163444 | FY18): to support
Uruguay's efforts to promote farmer adoption of climate smart
agricultural and livestock practices and improved natural
resource management practices in the project area.

Uruguay

Both

21

Notes:
Amounts may not add up due to rounding.
/a Column indicates whether the project aims to mitigate climate change (“M”), help client countries adapt to the effects of climate change (“A”), or both.
/b Target results are expected impacts based on estimates developed at the time of project approval and materializing at the end of the project implementation period (5 years
in most cases). The indicators shown are normally a subset of the development impacts contained in project documentation available in the World Bank project website (http://
www.worldbank.org/projects). Results reported are based on the entire project, with the percent shown next to the loan amount corresponding to the proportion of the total
financing that is financed by World Bank loans. Actual impacts may be different from these estimates and do not represent the actual results in a specific year. Quantitative
estimates are intended to be indicative of the scale of impacts and qualitative results aim to inform about the nature of changes that will be achieved as a result of projects
included in the Green Bond program once they are completed and at full capacity.
/c For closed projects, “Project Completed” refers to a closed project for which its Implementation Completion Report (ICR) is not available yet. “Updated for actual results at
project completion” refers to a closed project where ICR is available.
/d The committed amount is the Green Bond eligible portion of the World Bank loan net of cancellations reported in equivalent US$ millions. Loans denominated in othercurrencies are converted to US$ equivalents using the spot exchange rate on the report date (June 30, 2019).
/e The percentage shows the share of the total financing that is provided by World Bank loans. When a project is co-financed, this share could be used to apportion total
results to the World Bank.
/f The allocated amount is the amount of Green Bond proceeds allocated to support the financing of disbursements to the project reported in equivalent US$ millions. Loansdenominated in other currencies are converted to US$ equivalents using the spot exchange rate on the report date (June 30, 2019).

AGRICULTURE, LAND USE, FORESTS & ECOLOGICAL RESOURCES

43

Project Completed
Project in Progress
Target Results/b
Committed
US$ mil/d

IBRD
share/e

Allocated
US$ mil/f● Increase incomes of about 1.9 million farmers and fishermen and the value of their products.
● Average travel time from farm to markets reduced by 30% through 1,265 km of new roads.

501.3

75%

301.0

● 5,000,000 ha of sustainable-use marine protected areas.
● 44% increase in key demersal indicator species stable or rebuilding in the Mahé Plateau fisheries.
● 40% increase in by-catch landed and sold in the Seychelles resulting in expansion of value chains, job creationand increased revenues in the country.

4.3

43%

1.1

● Improve water use in irrigation and livestock production systems.
● Improve pasture management and other productivity measures.
● 4,000 family and medium-sized farmers benefitting from the project and 7,500 additional farmers provided withtraining.

49.0

89%

48.4

● 8,000 people trained under the project, 2,000 of which are women.
● 7,000 farmers adopting innovative agricultural technology.
● 3,600,000 ha under sustainable landscape management practices.
● 3,500 ha provided with new/improved irrigation or drainage services.

42.0

89%

5.0

Results/c

Total Allocated for Agriculture, Land Use, Forests, & Ecological Resources

2,934.4

1,347.6

Cumulative Loan Repayments(15.4)

Total Allocated and Outstanding for Agriculture, Land Use, Forests and Ecological Resources

1,332.3

44

ELIGIBLE PROJECTS BY SECTOR

Resilient Infrastructure, Built Environment, and Other#

Link to More
Information

Project Name (Number | Year/s Loans Approved)and Description

Country

A/M/a

Project
Life

98

Huai River Basin Flood Management and Drainage Improvement (P098078 | FY11):
increase resilience of communities to the impacts of climate change, particularly flooding.

China

A

25

99

Second Sustainable Development and Green Growth DPL (P161642 | FY18): support
green growth in transport, energy, environmental health and natural resources to improve
environmental quality through reducing PM 2.5 in the air, strengthening regulations for
sanitation, increasing capacity to reuse and disposing solid waste.

Colombia

M

24

100

South East Europe and Caucasus Catastrophe Risk Insurance Facility (P110910 | FY11):
increase access to catastrophe risk insurance through facilitating the growth of insurance
markets.

North
Macedonia &SerbiaA

22

101

Climate Change Development Policy Loan (P110849 | FY08): mainstream climate change
considerations into public policy.

Mexico

Both

10

102

Climate Resilient Infrastructure (P127338 | FY15): enhance the resilience of roadinfrastructure against flood risks and the impacts of climate change.

BelizeA

25

103

Fujian Fishing Ports Project (P129791 | FY14): reduce the vulnerability of fishingcommunities to extreme weather events.

China

A

27

RESILIENT INFRASTRUCTURE, BUILT ENVIRONMENT, AND OTHER

45

Project Completed
Project in Progress
Target Results/b
Committed
US$ mil/d

IBRD
share/e

Allocated
US$ mil/f● 9,682 km2 of flood protection (in rural and urban areas).
● 7,430,000 people benefited.
● RMB 798 million of reduced economic losses (in rural and urban areas).
● 444 km of dike strenghtened.
● 1,023 km of river improvements.
Updated for actual results at project completion.

200.0

33%

200.0

● 6% increase in passenger journeys done in public and non-motorized transport in 8 cities.
● 5% reduction in the mean annual concentration of PM 2.5 in 7 monitoring stations.
● 20% increase in the rate of treated wastewater from the hydrocarbon sector for reuse in agricultural activities.
● 580,000 additional people provided with access to improved water sources.
● Treated wastewater increased by 215,000 m3/year.
Project completed.

500.0

100%

500.0

● Increased catastrophe insurance coverage from 2% to 10% for homeowners, farmers, enterprises, and government
entities holding catastrophe insurance policies.
● 6-7 different types of highly affordable catastrophic insurance products provided by local insurance companies tohomeowners, farmers and local governments.
Updated for actual results at project completion.

10.0

100%

10.0

● 642,000 ha reforested.
● 6,000,000 tons of CO2 eq. emissions reduced annually due to reforestation.
● Domestic carbon pricing strategy developed.
● 10 cities and 5 states climate action plans developed.
Updated for actual results at project completion.

501.3

100%

501.3

● 30 km of roads rehabilitated and 12 bridges and culverts improved.
● 50% reduction in road interruption due to flooding.
● 170,000 people living near the road networks directly benefit.

30.0

100%

6.9

● 11,000 fishermen and their families (total 64,000 people) benefit.
● 3,000 fishing vessels protected in ports.
● Improved effectiveness of early warning and emergency systems.

60.0

58%

7.2

Results/c

46

ELIGIBLE PROJECTS BY SECTOR

Resilient Infrastructure, Built Environment, and Other#

Link to More
Information

Project Name (Number | Year/s Loans Approved)and Description

Country

A/M/a

Project
Life

104

Disaster Vulnerability Reduction (P146965 | FY16): enhance the country’s resilience todisaster and climate risk.

Jamaica

A

29

105

Hydrometeorological Services Modernization (P127676 | FY14): enhance capacity todeliver reliable and timely weather, hydrological and climate information.

RussianFederation

A

18

106

Road Climate Resilience Project (P130975 | FY14): rehabilitate and improve the climate
resilience of a road corridor.

Timor-Leste

A

28

Notes:
Amounts may not add up due to rounding.
/a Column indicates whether the project aims to mitigate climate change (“M”), help client countries adapt to the effects of climate change (“A”), or both.
/b Target results are expected impacts based on estimates developed at the time of project approval and materializing at the end of the project implementation period (5 years
in most cases). The indicators shown are normally a subset of the development impacts contained in project documentation available in the World Bank project website (http://
www.worldbank.org/projects). Results reported are based on the entire project, with the percent shown next to the loan amount corresponding to the proportion of the total
financing that is financed by World Bank loans. Actual impacts may be different from these estimates and do not represent the actual results in a specific year. Quantitative
estimates are intended to be indicative of the scale of impacts and qualitative results aim to inform about the nature of changes that will be achieved as a result of projects
included in the Green Bond program once they are completed and at full capacity.
/c For closed projects, “Project Completed” refers to a closed project for which its Implementation Completion Report (ICR) is not available yet. “Updated for actual results at
project completion” refers to a closed project where ICR is available.
/d The committed amount is the Green Bond eligible portion of the World Bank loan net of cancellations reported in equivalent US$ millions. Loans denominated in other currencies are converted to US$ equivalents using the spot exchange rate on the report date (June 30, 2019).
/e The percentage shows the share of the total financing that is provided by World Bank loans. When a project is co-financed, this share could be used to apportion total results
to the World Bank.
/f The allocated amount is the amount of Green Bond proceeds allocated to support the financing of disbursements to the project reported in equivalent US$ millions. Loansdenominated in other currencies are converted to US$ equivalents using the spot exchange rate on the report date (June 30, 2019).

RESILIENT INFRASTRUCTURE, BUILT ENVIRONMENT, AND OTHER

47

Project Completed
Project in Progress
Target Results/b
Committed
US$ mil/d

IBRD
share/e

Allocated
US$ mil/f● Protection of infrastructure (e.g., bridges, storm drains, roads) from floods directly benefitting about 247,000 people.
● Increase the government’s capacity to better prepare for and respond to natural disasters.
● Reduced to 0 the number of days of interrupted traffic due to flooding.
● 8,350 storm drains retrofitted/constructed and 140 bridges retrofitted.
● 313,000 direct project beneficiaries.

30.0

100%

6.2

● >70% accuracy of forecasts for the main administrative centers of Russia.
● > 85-90% accuracy of seasonal river flow forecasts in Volga river basin reservoirs.
● Increased number of sectoral data users data.

60.0

43%

35.8

● Improved drainage conditions along 110 km road corridor.
● 30% reduction in major road damage events.

15.0

16%

9.6

Results/c

Total Allocated for Resilient Infrastructure, Built Environment, and Other

1,406.3

1,276.9

Cumulative Loan Repayments(521.2)

Total Allocated and Outstanding for Resilient Infrastructure, Built Environment and Other

755.7

AnnexANNEX 1: IMPACT REPORTING APPROACH

Annex 1:

Impact Reporting Approach
When the World Bank issued its first Green Bond
Impact Report in 2015, the initial reporting templateand set of indicators presented were the productof engagement with investors, which benefitted
from the efforts of multilateral development banks
to harmonize metrics for GHG accounting andreporting on climate finance activities. The WorldBank led a collaborative initiative with other issuers
to create the first harmonized template with core
indicators for the Renewable Energy and Energy
Efficiency sectors that was published in March2015. It has since evolved and been adopted bymany other issuers. This consultative process ofdeveloping harmonized impact reporting templates
has advanced under the auspices of the Green
Bond Principles and its working groups andcontinues to evolve to cover other indicators andrelevant sectors.

The indicators for this report have been selectedamong other expected development results and areintended to illustrate the type and scale of expected
results in a variety of sectors and country contexts.
To better reflect individual country challenges,
demands, and resources, the report focuses onpresenting a diverse set of countries, projects andsectors rather than cumulative impacts. Because of
the limited comparability between projects, sectors
and countries (see “Interpreting Reported Results”
in “World Bank Green Bond Process” section and“No aggregation of GHG estimates” on the adjacentpage), impact results are aggregated only withregards to “annual energy savings”, “annual energy
produced” and “renewable energy capacity added”,
which are deemed to be broadly comparable.

World Bank Green Bond Eligible Projects: Six (6) Sectors
This impact report is organized according to the six sectors represented in the World Bank’s Green Bondeligible projects portfolio. Where projects cover multiple sectors, the project is included in the main sector only,
but target results will include all components of the project.

Renewable Energy &Energy Efficiency

Clean
Transportation

Water &
Wastewater

Solid Waste
Management

The reporting framework adopted identifies
core indicators for the following sectors: (1)Renewable Energy & Energy Efficiency; (2) Clean
Transportation; (3) Water & Wastewater; (4) Solid
Waste Management. Where information covering
the proposed core indicators is publicly available,
it is included/1. However, for some projects
quantitative estimates for these indicators areeither not available or not applicable. A few otherindicators that are considered relevant for Green
Bond investors are also provided.
Projects categorized in the remaining sectors are
more heterogeneous. The report provides project
specific indictors based on available informationon the scale of results.
Notes:

Agriculture, Land Use,
Forests & Ecological
Resources(left) Photo credit: © Allison Kwesell / World Bank

Resilient Infrastructure,
Built Environment& Other/1 This impact report has been prepared following the approach developed incollaboration with other international financial institutions to encourage greater
harmonization in impact reporting. See also the 2018 Joint Report on MultilateralDevelopment Banks’ Climate Finance at http://documents.worldbank.
org/curated/en/247461561449155666/pdf/Joint-Report-on-MultilateralDevelopment-Banks-Climate-Finance-2018.pdf

49

50

ANNEX 1: KEY ASSUMPTIONS & APPROACHESKey Assumptions & Approach
The following key assumptions and approach wereused in preparing this report:

Ex-ante Projections

Quantitative estimates
for target results represent ex-ante projections
developed during project design mostly for direct
project impacts once projects are at normal
operating capacity. The target results include
expected results for projects approved by the Board
but still in the implementation phase. The impact
report thus serves as an illustration of expected
results made possible through Green Bond eligible
projects, but it is not intended to and does notprovide actual results achieved in a specific year orreporting period. Target results have been updatedwith actual results at project completion. Where theamounts are based on actual results this is noted in
the preceding tables.

Period of Inclusion in Report Impact reporting

will be provided for projects for so long as they arepart of the World Bank Green Bond program. Thismeans that projects are added to the impact reportonce Green Bond proceeds have been allocatedto support the financing of disbursements to theproject and removed once the client has repaid therespective loan. Projects may also be removed fromfuture reports if the World Bank decides to remove a
project from its Green Bond program/2 . If a project isremoved from the Green Bond program, any Green
Bond proceeds previously allocated to support thefinancing of disbursements to that project will becredited back to the Special Account for Green Bond
proceeds and allocated to support the financing of
disbursements to other Green Bond eligible projects
as part of the routine allocation process.

Reporting for Co-financed Projects

The
World Bank often co-finances projects with theclient country and/or other lenders. The results forthe individual project are based on the total project
including all financiers. The World Bank’s share of
the total financing is included for each project.

Partial Project Eligibility

In cases wherea project is only partially Green Bond eligible, thecommitted amount reported reflects only that
portion that is Green Bond eligible. Allocations to
support disbursements to such projects are madeon a pro rata basis.

Aggregation of GHG EstimatesWhenreported in the “Project Appraisal”, “Implementation
Status and Results”, and/or “Implementation
Completion and Results” reports, the GHG emission
reductions for projects are reported in tons of CO2
equivalent. The World Bank, in conjunction withother International Finance Institutions, developed
a harmonized approach for GHG accounting/3. At
the same time, the World Bank developed internallyconsistent GHG accounting methodologies inorder to track ex-ante gross and net emissions ininvestment projects across relevant sectors and overtheir economic lifetime. Starting in FY19, the WBG
is reporting aggregated annual net GHG emissions
reductions in the 2019 Corporate Scorecard/4. Given
these recent developments in GHG accounting,the basis for estimating CO2 equivalent emission
reductions for projects approved prior to FY19 mayvary.

All Reported Results are From Publicly
Available Sources
Reporting is based on

publicly available impacts for the projects disclosed
in “Project Appraisal”, “Implementation Status andResults”, and “Implementation Completion and
Results” reports. To facilitate comparability of thereported results, the reporting units have been
converted where such conversion is based on astandard conversion factor.
Notes:/2 As part of the World Bank’s due diligence in monitoring projects
included in its Green Bond program, it may elect to remove a project.
Possible reasons for removing a project from a Green Bond program
include, but are not limited to, cancellation of the project or significant
implementation delays.
/3 For more information on the harmonization framework, see https://www.
worldbank.org/content/dam/Worldbank/document/IFI_Framework_for_
Harmonized_Approach%20to_Greenhouse_Gas_Accounting.pdf/4 https://scorecard.worldbank.org/tier1-development-context(right) Photo credit: © Arne Hoel / World BankANNEX 2: WORLD BANK EXCLUSION LIST

Annex 2:

World Bank Exclusion List
The World Bank does not support the financing ofoperations that involve:
•
•
•
•

•
•
•

Alcoholic beverages
Tobacco or tobacco processing machinery
Unworked or worked pearls, precious andsemiprecious stones
Jewelry made of gold, silver or platinum groupmetals (except watches and watch cases) andgoldsmiths’ or silversmiths’ wares (including set
gems)Gold, non-monetary (excluding gold ores andconcentrates)
Radioactive and associated materials
Nuclear reactors, and parts thereof; fuel elements(cartridges), non-irradiated, for nuclear reactors

Other excluded areas include:••

Goods intended for a military or paramilitary
purpose or for luxury consumption
Environmentally hazardous goods, whose
manufacture, use, or import is prohibited under
the laws of the member country or international
agreements to which the borrower governmentis a party; or any other goods designated asenvironmentally hazardous by agreement
between the member country and the World Bank.

•

Any payment prohibited by a decision of the
UN Security Council taken under Chapter
VII of the Charter of the United Nations, withrespect to which the World Bank determinesthat corrupt, fraudulent, collusive, or coercive
practices were engaged in by representativesof the member country or other recipient of thefinancing made available by the World Bank,
without the member country (or other such
recipient) having taken timely and appropriate
action satisfactory to the World Bank toaddress such practices when they occur.

Fossil fuels:

The World Bank has not financed a new coalfired power plant since 2010. It will support
countries transitioning away from coal by helping
close coal mines and ensure a just transition for
affected communities. In 2017, the World Bank
announced it will no longer finance upstream oil
and gas after 2019, with consideration only in
exceptional circumstances. The World Bank willcontinue to provide technical assistance to help
countries strengthen the transparency, governance,
institutional capacity, and regulatory environment of
their energy sectors – including in oil and gas.

51

52

ANNEX 3: WORLD BANK PROJECT CYCLE

Annex 3:

World Bank Project Cycle
The World Bank project cycle (see diagram 1) consists of six stages: Identification, Preparation, Appraisal,
Negotiation/Approval, Implementation/Support, and Completion/Evaluation (see below for the detailed
descriptions). Projects that are reviewed for eligibility under the World Bank Green Bond program are
selected from among all projects approved by the World Bank Board of Directors (see diagram 2). They
therefore represent a subset of the World Bank’s lending portfolio. As of June 30, 2019, there were 106
projects in the Green Bond program.

1
2
3
4
5
6

Project Identification The World Bank works with a borrowing country’s government on a Country

Partnership Framework that identifies the country’s priorities for reducing poverty and improving living
standards. Within those priorities, the World Bank and the government agree on a project concept, which isoutlined in a Project Concept Note. The Project Information Document outlines the project’s scope, and theIntegrated Safeguards Data Sheet identifies potential environmental and social issues.

Project Preparation The borrower leads project preparation, with the World Bank generally taking

an advisory role. If necessary, the borrower prepares an Environmental Assessment Report that describes
the project’s likely environmental impact and steps to mitigate possible harm. If there are major issues, theborrower prepares an Environmental Action Plan. An analysis of a project’s potentially adverse effects on
indigenous peoples may also be undertaken, and any issues are addressed in the Indigenous Peoples Plan.

Project Appraisal The government and the World Bank review the identification and preparation

documents and confirm the expected project outcomes, intended beneficiaries and evaluation tools, as wellas the project’s readiness for implementation. The Project Information Document is updated and released
when the project is approved for funding.

Project Approval The project team prepares the Project Appraisal Document (for investment project
financing) or the Program Document (for development policy financing), along with other financial and legal
documents, for submission to the World Bank’s Board of Executive Directors for approval. When approval is
obtained and the legal documents are signed, the implementation phase begins.

Project Implementation The borrower implements the project with technical assistance and support
from the World Bank as needed. Twice a year, the government and the World Bank prepare a review ofproject progress, the Implementation Status and Results Report.

Project Completion and Evaluation

When a project is completed and closed, a World Bank
operations team prepares an Implementation Completion and Results Report. The final outcomes arecompared to expected results. The team also assesses how well the project complied with the World Bank’s
operations policies, and accounts for the use of World Bank resources. The World Bank’s Independent
Evaluation Group (IEG) assesses the performance of roughly one project out of four projects a year,
measuring outcomes against the original objectives, sustainability of results and institutional development
impact. IEG may produce Impact Evaluation Reports to assess the economic worth of projects and the longterm effects on people and the environment.

ANNEX 3: DIAGRAMS

Diagram 1:

1

3

cts

n

lo

ca

d

le

Al

Ne g ot tio n /B o a r d i a ro v a l
App

Pr

ark

te

oje

4

/

a is

io
at
nt
m e ortI m pleSu pp

Ear m

5

al

2

pr

6

Ap

Com
Eva pletlua iotio n/
n

Identification

eria
rit
yC
lit

Defi
ne
Eli
gi
bi

t
pac
Im
t
or
ep

on
ati
ar
ep
Pr

Mon
ito
ra
nd
R

World Bank Project Cycle

Pr

oc

eed

s

S el

E
ect

li g

ib

Diagram 2:

World Bank Green Bond Selection Process
Project Identification& Preparation

World Bank
Project Portfolio

Green Bond Eligible
Projects

World Bank
Expertise &AdviceProceeds fromGreen Bond
Issuance

Allocation ofGreen Bond
Proceeds

Special
Account

SystematicCountry
Diagnostic

Country
Partnership
Framework

Monitoring& ReportingCountry’s
Development
Goals
Project
Disbursements

World Bank projects meeting Green Bond eligibility criteria
All other World Bank projects

53

54

ANNEX 4: LIST OF ABBREVIATIONS

Annex 4:

List of Abbreviations
BOD

Biochemical oxygen demand

CO2

Carbon dioxide

COD

Chemical oxygen demandeq.

Equivalent

GHG

Greenhouse gas

GWh

Gigawatt hours (equal to 1,000 MWh or 1,000,000 kWh)ha

Hectares

hr

Hour

IBRD

World Bank (International Bank for Reconstruction and Development)

km

Kilometers

km

Square kilometers

kWh

Kilowatt hours

L

Liter

2

2

m

Square meters

m3

Cubic meters

MJ

Megajoules

MVA

Megavolt amperes

MW

Megawatts

MWh

Megawatt hours

NOx

Nitrogen dioxide

PM

Particulate matter

RMB

Chinese renminbi

SME

Small and medium sized enterprises

SO2

Sulfur dioxidetceTons of coal equivalent

TSP

Total suspended particles

ANNEX 4: DISCLAIMER

Disclaimer
This document has been prepared by the World Bank (International Bank for Reconstruction and Development,
IBRD) for information purposes only, and the World Bank makes no representation, warranty or assurance ofany kind, express or implied, as to the accuracy or completeness of any of the information contained herein. It
is prepared by staff based on reviews of the underlying project documentation. In the event of a discrepancy
between the report and the underlying source (project or bond documentation, or other source) the latter prevails.
No offer or solicitation regarding securities. This document may include information relating to certain World Bank
securities. Any such information is provided only for general informational purposes and does not constitute anoffer to sell or a solicitation of an offer to buy any World Bank securities. All information relating to securities should
be read in conjunction with the appropriate prospectus and any applicable supplement and Final Terms thereto,
including the description of the risks with respect to an investment in such securities, which may be substantial andinclude the loss of principal. The securities mentioned herein may not be eligible for sale in certain jurisdictions or
to certain persons.
Each recipient of this report is deemed to acknowledge that this is a proprietary document of the World Bank andby receipt hereof agrees not to disclose it, or permit disclosure of it, to third parties without attributing the sourceor the prior written consent of the World Bank. All content are the property of the World Bank.
All photos, graphics and content © World Bank.

55

Investor Relations
Capital Markets Department
The World Bank Treasury
1225 Connecticut Ave NW
Washington, DC 20036
USA
E debtsecurities@worldbank.org
T +1 (202) 477-2880
W treasury.worldbank.org/capitalmarkets