A World Bank Action Plan to Combat Climate Change

The World Bank has been an advocate of environmental action for many years now. Recently the Bank's president Jim Yong Kim called for a plan to address climate change. Rachel Kyte, vice-president for sustainable development, explained that fighting climate change has become a guiding principle for the bank.

The World Bank has introduced a wide array of projects to mitigate and adapt to climate change: from promoting partnerships for climate action in urban areas across the globe to funding clean technology in developing countries.

The World Bank: Declining Climate Change Funding

The World Bank is a strong supporter of efforts to counter climate change. However, funding for climate-related projects has been declining sharply since peaking in 2010. The World Bank acknowledges that climate change represents a fundamental threat to economic development and the fight against poverty. The Turn Down the Heat reports explained the consequences of 4°C warming by 2100. The costs of a 4°C temperature increase will have adverse global impacts including reduced crop yields and flooding.