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Why the World Bank cares about climate change

The World Bank, a conservative organisation, is becoming more and more vocal about the dangers of climate change, especially to the world’s poorest people.

By clicking here, you can read an extensive interview with Rachel Kyte, the World Bank’s vice president of sustainable development, done by the National Journal.

Kyte says, for instance, that:

  • “We’ve come to the realization that we cannot achieve our mission, which is to end poverty, unless we slow the rate of climate change.”
  • “The extreme weather events that we are experiencing globally … bring enormous costs. The succession of storm events, droughts, the cycle of fires … have enormous economic dislocation. Beyond just the extreme weather events, in which insurance costs can be calculated, there are costs in not planning to accommodate the increased intensity and frequency of some of these events. One superstorm is one thing, but if you now expect the superstorm to hit on a more intensive or more regular basis, not planning for that is an economic folly.”
  • “If you’re concerned about your children’s health, your own health, your grandchildren’s health, if you’re concerned about the job your child’s going to get, if you’re concerned about where your grandchildren are going to live—this is front of mind.”
  • “Climate change is a leveler. If we don’t deal with it as an economic issue, it will get the best of us. The impacts of climate change are not partisan.”

A very worth while read.

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