When President Barack Obama announced that the United States would cut CO2 emissions from its coal power plants by 30 percent below 2005 levels by 2030, he didn’t just talk about climate change – he was equally forceful about the local benefits that the regulations could bring. He stressed that those regulations would reduce pollutants that contribute to soot and smog by over 25 percent, reductions that could avoid up to 6,600 premature deaths and 150,000 asthma attacks in children; and that the regulations would build jobs, benefit the economy, and be good for the climate.
Demonstrating the value of multiple benefits that result from many policies and projects can provide a compelling economic rationale for action. It can speak to broad constituencies, local and global, and demonstrate the climate-smart nature of good development. A new report prepared by the World Bank in partnership with the ClimateWorks Foundation – Climate Smart Development: Adding up the benefits of actions that help build prosperity, end poverty and combat climate change – sets out to do just that.
At the Global Environment Facility’s (GEF) 5th Assembly and Council Meetings earlier this month, the World Bank Group sent a full team to give strong signal of our ongoing support to the GEF as it celebrated the launch of its next four-year period. Hosted by the Mexican government, the meetings included a special address from President Enrique Peña Nieto, who called upon all nations to take a longer term vision of the needs of future generations.
This highly effective and still rather unique public-private partnership model remains one of the best practice examples among the nearly 20 conservation trust funds that the Bank has helped support globally over the years using GEF funds. Our efforts strived for financial sustainability through a series of sequential GEF projects, each of which stepped up ambition while stepping down the reliance on external funds. It was extremely gratifying, years on, to see and hear firsthand that the goal of self-reliance and full financial sustainability sought for the national park system was alive and doing well. A visit to the thriving Parque Nacional Isla Contoy, organized by the government as part of the week's concluding events, confirmed this as we saw the results of one of the first protected areas the Bank-GEF program helped establish.
For World Environment Day, Connect4Climate just released a new collection of ideas for invigorating climate action, drawn from the hundreds of you who attended our international workshop on climate action and from the leaders who inspire you.
Curbing climate change will take bold action – that's a given. What we wanted to learn from the Be the Movement workshop on the sidelines of UN climate talks in Warsaw was what we can all do to encourage bold action now.
Here’s a sneak peek at the outcome. You can read more in Knowledge4Climate Action, our new report on energizing the global movement for action to tackle climate change.
More than 500 participants identified and discussed five vital needs for the climate change movement: messaging for new audiences, empowering educators, innovating campaign strategies, considering costs, and leading for solutions. These 14 key recommendations emerged:
Packing an extraordinary amount of energy in little space, fossil fuels helped propel human development to levels undreamed of before the Industrial Revolution, from synthesizing fertilizers to powering space flight. But alongside energy, they produce health-damaging air pollutants and greenhouse gases.
Today, greenhouse gas emissions are higher than at any time in at least 800,000 years and rising, causing climate changes that threaten to reverse decades of development gains. Disruption of livelihoods, loss of food security, loss of marine and coastal ecosystems, breakdown of infrastructure, threats to global security: these are just a few of the risks identified in recent scientific reports.
In the absence of technology to permanently remove greenhouse gases and restore atmospheric concentration to safe levels, there is only one realistic solution: limiting additional emissions. It is estimated that to avoid the most damaging effects of climate change, over the next few decades we can at most emit a quantity equal to about 20 percent of total proven fossil fuel reserves.
Given fossil fuels’ omnipresence in our economies and lives, leaving them in the ground will have important implications, starting with the value of the very assets.
I knew there was something different about Carbon Expo this year as I looked up during the opening ceremony and noticed the room was packed, with standing room only for late arrivals.
That is when I first asked myself: I know why I am here, but why are you here? I felt like a veteran carbon warrior among a sea of young fresh-faced carbon players.
I started coming to Carbon Expo in 2004, and this year, for the first time, there are plenty of people I don’t recognize. So today I took some time to ask people what they were doing here and why there seems to be a growing interest in carbon markets.
About 80 government representatives from more than 30 countries just concluded the 9th Assembly of the Partnership for Market Readiness (PMR) – three days of rich discussions on various domestic policy instruments that put a price on carbon, such as emissions trading systems (ETS), carbon taxes, and payments for emission reductions. At the same time, private sector firms are arriving in Cologne to attend Carbon Expo which runs until the end of the week.
A timely “rendezvous” between the two sectors – public and private – took place today on the subject of carbon pricing policies. The event, hosted by the World Bank’s PMR, the International Finance Corporation, and the International Emissions Trading Association (IETA), invited leading private firm and government representatives to discuss the initial findings of a study by the PMR and the Center for Climate and Energy Solutions (C2ES), which interviewed three companies – Rio Tinto, Shell, and U.S. utility Pacific Gas & Electric (PG&E) – on how they are preparing for a carbon price.
Along the Philippine coast, where Typhoon Yolanda (Haiyan) was so powerful it swept ships onto the land late last year, poor families have started to rebuild their homes, often in the same high-risk zones. Their experience has been a powerful symbol for the rest of the world. We can't eradicate poverty unless we find a way to manage climate change, says Rachel Kyte, the World Bank Group's vice president and special envoy for climate change.
In this video blog, Kyte describes the recovery in Tacloban and the need to build resilience to all development planning.
Average economic losses from natural disasters are rising, despite considerable efforts to better manage risk from natural hazards over the last few decades. Data from Munich Re shows a sharp rise, from $50 billion a year in the 1980s to just under $200 billion annually in the last decade. Population growth, rapid urbanization, and climate change are compounding these losses. Securing prosperity in the midst of growing hazards is an enormous challenge that demands a new approach to development.
The international community is rising to meet this challenge head-on. Last week in Oslo, Norway, I had the privilege of participating in the 15th Consultative Group Meeting for the Global Facility for Disaster Reduction and Recovery (GFDRR), where 75 representatives from partner countries and international development organizations met to help scale up and better mainstream efforts to build climate and disaster resilience in some of the most vulnerable communities around the globe.
With the importance of this effort in mind, I co-authored an article with Norwegian Minister of Foreign Affairs Børge Brende, in which the minister and I argue that sustainable development gains require a new approach towards mitigating risk from climate change and natural hazards. After the recent days spent with my colleagues in Norway, I’m encouraged by the shared enthusiasm of GFDRR and its partners for the task ahead. It’s time to get to work.
Listening to Dr. RK Pachauri deliver the first Robert Goodland Memorial Lecture at the World Bank last month, I could not help thinking of Dumbledore – the very wise headmaster of Hogwarts, the school where the drama in Harry Potter’s life unfolds. If only Pachy, as his friends call him, had Dumbledore’s magical powers, climate change would not be a problem. Alas, he is only human. But a very wise and accomplished one who heads the IPCC that just issued its fifth assessment report on climate change, and that is what he focused his lecture on.
Two things stuck in my mind as I listened to him.