The World Bank will invest heavily in clean energy and only fund coal projects in “circumstances of extreme need” because climate change will undermine efforts to eliminate extreme poverty, says its president Jim Yong Kim.
Talking ahead of a UN climate summit in Peru next month, Kim said he was alarmed by World Bank-commissioned research from the Potsdam Institute for Climate Impact Research in Germany, which said that as a result of past greenhouse gas emissions the world is condemned to unprecedented weather events.
“The findings are alarming. As the planet warms further, heatwaves and other weather extremes, which today we call once-in-a-century events, would become the new climate normal, a frightening world of increased risk and instability. The consequences for development would be severe, as crop yields decline, water resources shift, communicable diseases move into new geographical ranges, and sea levels rise,” he said.
via World bank to focus future investment on clean energy | Environment | The Guardian.
The United Nations secretary-general on Sunday urged world policymakers to do more to address the threat of climate change as negotiators attempt to forge a new global warming pact next year.
Speaking to hundreds of international delegates at the start of a climate gathering in Abu Dhabi, Ban Ki-moon warned that time is running out to reduce harmful emissions and that political leaders need to offer bold commitments to drive meaningful change.
“If we do not take urgent action, all our plans for increased global prosperity and security will be undone,” he warned.
Ban was in the United Arab Emirates capital to mark the start of a conference meant to lay the groundwork for a climate summit he has called for world leaders in September.
via UN Chief Warns Plans For Prosperity ‘Will Be Undone’ Without Climate Action.
a comparison with the U.S. shows Alberta had the largest overall increase, while Texas had the largest drop in emissions and the New York area the second largest.
via Syncrude leads among greenhouse gas emitters, province’s annual tally reveals.