Climate change is expected to hit developing countries the hardest. Its effects—higher temperatures, changes in precipitation patterns, rising sea levels, and more frequent weather-related disasters—pose risks for agriculture, food, and water supplies. At stake are recent gains in the fight against poverty, hunger and disease, and the lives and livelihoods of billions of people in developing countries.
Addressing climate change requires unprecedented global cooperation across borders. The World Bank Group is helping support developing countries and contributing to a global solution, while tailoring our approach to the differing needs of developing country partners. We are strengthening and building climate change partnerships with our member governments and a wide array of organizations.
In 2005, the Group of Eight asked the World Bank to develop a plan for more investments in clean energy in the developing world, in cooperation with other international financial institutions. The resulting Clean Energy Investment Framework identified the scale of investment needed for countries to access energy, especially in Africa; to help their transition to a lower carbon development path; and to adapt to climate variability and change.
At the request of our Development Committee in 2007, the Bank Group embarked on a comprehensive strategy to help address climate challenges and launched extensive global consultations. The consultations concluded in September 2008. The resulting strategic framework on development and climate change takes a demand-based approach to identifying and tapping new business opportunities for developing countries and helping them cope with new risks.
We aim to support development successes while offsetting costs that stem from climate change through climate-dedicated finance. Our strategy also highlights the need for action and interaction among all countries for the greater global good. In developing countries, we are working to:
Global Climate Change http://courses.dce.harvard.edu/~envre130
Environmental Justice http://courses.dce.harvard.edu/~envre145
Environment Ethics http://courses.dce.harvard.edu/~envre120