By World Bank
This file is a part of the Bank's present efforts to study the growth revamped the earlier 5 years and to make plans for more advantageous effectiveness for the longer term.
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Extra info for Advancing sustainable development: the World Bank and Agenda 21
22. Strengthening the Roles of Workers and Their Trade Unions. Peter R. Fallon (Human Development Department). 23. Strengthening the Roles of Business and Industry. Tine R. Nielsen (Environment Department), with contributions from Letitia L. Oliveira and Michael C. Rubino (Environment Department), Louis Cohn Boorstin (International Finance Corporation), and David C. Hanrahan and David R. Wheeler (Environment Department). 24. Implementing Financial Resources and Mechanisms. Kirk E. Hamilton (Environment Department).
Partnerships with scientific institutions and technically oriented NGOs have enabled the Bank to tap into new networks of experts. Partnerships with bilateral donors, foundations, and the private sector are sparking innovation and leveraging greater support for ambitious joint initiatives. And partnerships with grassroots NGOs, sometimes "twinned" with international NGO mentors to develop local capac- Page 10 ity have extended the reach and the potential impact of Bank projects. The Bank now commonly facilitates or brokers partnerships among client country governments and other institutions and organizations better placed than the Bankand often the governmentsto secure input from in-country stakeholder networks.
These changes will require national policies to "get the prices right," internalization of all environmental externalities, mobilization of scarce capital, and a significant increase in the rate of development and diffusion of new nonpolluting technologies. 5 percent of global GDP. The challenge is to (1) reduce this cost through carbon trading and other means, (2) build a consensus among citizens that the cost is worth it, and (3) negotiate an international system for compliance. pacts of Bank-financed projects and influencing their design and implementation.