The Economic Case for Climate Action - Webcast & Live blog
Date: Tuesday, October 8, 2013
Time: 11:00 a.m. - 12:15 p.m EDT approx. (15:00 – 16:15 GMT or convert time) Location: World Bank Headquarters and Online Opening Discussion:
Jim Yong Kim, President, World Bank Group
Christine Lagarde, Managing Director, International Monetary Fund Moderator:
Zanny Minton Beddoes, Economics Editor, The Economist
This event has now concluded - watch the archive below.
Without serious action, the world is on a trajectory toward being around 4 degrees centigrade warmer by the end of this century, which could put at risk decades of achievement in poverty reduction. At this flagship event, the heads of the World Bank Group and the International Monetary Fund made the economic case for tackling climate change and a panel discussed how the two institutions are aligning their efforts to help countries put smart climate actions into practice.
Representatives from government, civil society and the private sector provided their perspectives on low-carbon, climate-resilient development.
Carlo Cottarelli, Director, Fiscal Affairs Department, International Monetary Fund Rachel Kyte, Vice President for Sustainable Development, the World Bank Richard Bon Moya, Under Secretary and CIO, Department of Budget and Management, the Philippines Keith Akekelwa Mukata, Deputy Minister of Finance, Zambia Sunita Narain, Center for Science and the Environment (via video conference from New Delhi) Manuel Pulgar-Vidal, Environment Minister, Peru
I have some questions:
Is climate change a topic less relevant in times of crisis?
Will new policies in environmental issues end up creating jobs and increasing productivity?
In what kind of way can a country have positive growth as well as sustainable development without harming the environment?
could you tell me some climate change solutions in economic terms?
We are seeing our crops suffer. Water shortages are common. The weather is hotter. Changing what we grow to grow in this hotter climate is not simple. Food is important to economies and to peace. But what can be done so our farms survive?
Measuring greenhouse gas emissions - knowing which sectors are the greatest emitters and analyzing their rise or fall as policies come into force - is vital to successful climate action. So far, only a small percentage of cities know their carbon footprint. What can be done to provide the data necessary on the scale necessary for effective climate action?
Dr. Ashish Manohar Urkude
India is facing extended Monsoon this year. Since, last 6 months it's raining. Thus, do you think, most of the funds of all the nations in future, might be devoted to infrastructure build up and maintenance only? The obvious reason being, roads gets washed away, telephone cables, water pipelines, electricity cables gets broken, hospitals got washed away, education institutes got washed away...thus, in that case, how could world bank help the nations and what would be its role? Will WB opt for going project by project basis or will it help the nations and work proactively?
Some companies and factories bought pollution-cleaning equipment to reduce greenhouse gas emission or sewage discharge, they also have subsides from the government, but they seldom use it because it is costly. what is your suggestion?
Is world Bank an institution that help countries that need money dominated by United States of Africa?
Sulaiman Mashal Wardak
I have one question from Sir.Mr.Jim,
As World Bank has spen hundreds of millions in Afghanistan in various projects,in fact there was flow of fund from World Bank to Afghanistan,many project has been implemented with zero amount of M&E and there was no fruitful output of it.As Afghanistan needs World Bank helps for many years.My question is that as there is 100%corruption in NGOs and Government of Afghanistan in order not to waste the fund,how would you spend the funds
Would the discussion about climate change help to fost Industrialised countries to ruduce the creation of the green house gas or not?
I am an intern at the European Parliament Liaison Office with the US Congress and would like to attend the event, "The Economic Case for Climate Action" at 11 am today. I would like to find out if the event is open to the public or is it only being webcast online?
Thank you very much for your time!
World Bank's new energy directions paper limits future funding on coal projects. Currently the Bank is considering to be involved in supporting a new coal-based project in Kosovo. World Bank's former Chief renewables and efficiency expert called on Dr. Kim in San Francisco Chronicle to not invest in more coal in Kosovo as that is not the answer, but rather turn Kosovo into an example of how things could be turned around and show that coal is replaceable by cleaner options of energy. Will the Bank shift its approach in Kosovo, and thus prove that it means business when it says coal investments belong to the past? This would certainly prove that Bank's climate change approach is serious and will yield results.