The ninth annual Development Marketplace Global Competition takes place in the midst of international debate and negotiation about how to mitigate the causes and adapt to the impacts of climate change. The event is an integral part of the efforts on climate change within the World Bank Group and complements the Pilot Program on Climate Resilience, part of the Climate Investment Funds operated by the multilateral development banks.
A comprehensive, enforceable agreement on controlling global warming that doesn’t penalize developing nations is the goal of world leaders at the United Nations Climate Change Conference to be held in Copenhagen on Dec. 7-18, 2009. Leading up to Copenhagen was the two-year Bali Action Plan agreed to in December 2007.
The World Development Report 2010 shows how the world’s poor will bear the brunt of the impact of global climate change – an estimated 75 to 80 percent as the planet warms, rainfall patterns shift, and extreme events such as droughts, floods, and forest fires become more frequent. Millions in densely populated coastal areas and in island nations will lose their homes as the sea level rises. In Africa, Asia and elsewhere, poor people face prospects of tragic crop failures, reduced agricultural productivity, and increasing hunger, malnutrition, and disease. Action is urgently required, WDR2010 says.
A key element in creating a “climate-smart” world is harnessing the existing knowledge of local communities, particularly the unique and precious knowledge of Indigenous Peoples. This is why innovation sharing and knowledge transfer will be central to the success of climate adaptation.