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The report covers the carbon funds, facilities, and financial products managed by the World Bank Group between January 1, 2014 and December 31, 2014.

The Climate Change and Development Series was created in 2015 to showcase economic and scientific research that explores the interactions between climate change, climate policies, and development. The series aims to promote debate and broaden under-standing of current and emerging questions about the climate-development nexus through evidence-based analysis.

This report follows the evolution of carbon pricing around the world. Last year's report mapped the main carbon pricing initiatives. This year, the report presents the status of each of these developing initiatives and explores the emerging trends of carbon pricing. The focus is on the recent highlights from around the world, and on key lessons that can be drawn from the growing experience.

Technical report

This memo introduces a report that you may find useful and interesting. Focusing on preventing death and destruction from “natural” disasters, it concludes that governments can appreciably increase prevention. The good news is that prevention is often cost-effective. It requires many actions, and some important ones are under government control. But they are not always obvious. Improving the public delivery of some services, like reliable public transport, allows people to move from unsafe areas close to work to safer locations. Reducing deforestation prevents heavy rains from washing mud, rock, and debris into populated areas. This report suggests how such measures and related spending could be identifi ed and made effective.