At the Aspen Ideas Festival, World Bank Vice President and Special Envoy for Climate Change Rachel Kyte talks about climate resilience and how it can create opportunities for all people while protecting all people. Women and children make up a large number of the extreme poor, who are among those most at risk from the impacts of climate change.
The Paris negotiations where the world will be writing a new international climate agreement are just a year away, and here in Lima, delegates from around the world are discussing their national commitments and contributions that will largely determine the level of ambition in that 2015 deal.
As we trace the path to a resilient and decarbonized economy, we must keep in mind that the Paris agreement will set a framework for the period post-2020. What happens until then?
The science tells us that, even with very ambitious mitigation action, we have already locked-in warming close to 1.5°C above pre-industrial levels. Climate change impacts such as heat-waves, droughts, storms, and other weather extremes may be unavoidable.
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.
Ever wonder what the subway map of Seoul, Korea has to do with social resilience? A group of policy makers, insurance experts and development practitioners wondered the same thing as they mapped risk management strategies and political economy issues onto the subway line maps of different cities. While it seemed absurd, the exercise forced them to think about connections and relationships they may not have considered before. The exercise was part of a retreat recently held at the Rockefeller Foundation’s Bellagio Center to advance a study led by the Social Resilience Cluster on Financial Innovations for Social and Climate Resilience (FISCR). The FISCR initiative is assessing the impacts of index insurance on the welfare and risk management strategies of poor households (for more details on the study, see here).
The format and structure of the Bellagio retreat and was co-designed by the Bank team and by faculty and a student from the trans-disciplinary design program of Parsons the New School for Design. The study team’s partnership with Parsons is a key innovation that integrates design thinking throughout the study’s design, implementation, and dissemination in order to increase its impact. Index insurance and social resilience are complex topics that are challenging to communicate. Working with designers from the beginning of the study allows us to view the issues in different ways and consider the ways to engage and empower the target audience throughout the entire process of the study.
The FISCR study is unusual as well in that it examines insurance through a social lens. Index insurance schemes (mainly targeting poor farmers and in a couple of cases herders) have been piloted in a number of countries for more than 10 years now, as a way to help the poor protect their livelihoods. Its proponents speak of great promise: engaging the private sector in the protecting the assets of the poor from climate shocks; enabling the poor to make more productive investments, and encouraging investments in disaster prevention. With these promises, index insurance and other market-based risk financing mechanisms have received a great deal of attention in the global discussion on adaptation financing, including the possibility of developing a climate risk insurance facility (see related Cancun agreement).
Development Marketplace (DM) is a competitive grants program administered by the World Bank that identifies and funds innovative, early-stage projects that deliver results and have a high potential for scale-up.
This year's global competition on Climate Adaptation (DM 2009) focuses on (i) Resilience of Indigenous People's Communities to Climate Risks; (ii) Climate Risk Management with Multiple Benefits; and (iii) Climate Adaptation and Disaster Risk Management.
For every annual DM global competition, over 200 assessors (including some World Bank staff) volunteer to review proposals and select finalists. We are seeking development professionals with expertise in climate change adaptation to help identify the 100 finalists. Assessors commit to volunteer approximately 5-7 hours between June 4-10, 2009 to review 30-40 proposals and submit online the ranking of their top eight most innovative proposals.
With Maria Blair, Associate Vice President of the Rockefeller Foundation
|Photo: © Jonas Bendiksen,
courtesy of the Rockefeller Foundation
We read Nicholas Stern’s blog post, “Low-Carbon Growth: The Only Sustainable Way to Overcome World Poverty,” with appreciation and enthusiasm. It is an insightful and important essay, illuminating the bedrock recognition on which effective 21st century development efforts must build: global climate change and poverty are inextricably interconnected. The best way to break one is to bend the other.