The Intergovernmental Panel on Climate Change (IPCC) released its mitigation report today, warning that to keep the global temperature rise under 2 degrees Celsius will require reducing global greenhouse gas emissions by 40-70 percent by mid-century and to near zero by 2100.
World Bank Group Vice President and Special Envoy Rachel Kyte, who spent the past few days talking with government finance ministers  about climate change at the IMF/World Bank Group Spring Meetings, shares her thoughts in a new blog post .
"The IPCC makes crystal clear that time is of the essence," she writes. "The sooner we start to tackle the problem, the better our chances of fixing it and, importantly, the lower the cost."
Read Rachel Kyte's blog post here .