It’s not the first time we hear off dire predictions for the planet because of global warming. But when the World Bank starts warning about “cataclysmic changes” that will impact all nations, turning down the heat is more serious than ever before.
Environmental groups have been urging governments and consumers to do something about it, but from an economic point of view many companies don’t really have in mind reducing global warming. The World Bank is now taking a more direct stance under the management of World Bank President Jim Yong Kim.
The World Bank released a report called “Turn Down the Heat” that shows the impact of climate change on the world by the end of this century, when the planet will get 4 degrees Celsius warmer. By 2100 that increase in degrees would boost sea levels by a meter, causing “cataclysmic changes” in Mexico, Mozambique and Philippines. Even before that, coral reefs could be destroyed, ruining crops in India, the United States and Australia.
“A 4-degree Celsius (warmer) world is so different from the current one that it comes with high uncertainty and new risks that threaten our ability to anticipate and plan for future adaptation needs” said Jim Yong Kim, World Bank president. It’s something that “can, and must, be avoided” he added.
“We will never end poverty if we don’t tackle climate change. It is one of the single biggest challenges to social justice today” the World Bank president added. The bank has been pushing for global warming policies in 48 countries. Last year alone, the World Bank funded almost 50 countries with $7.2 billion to develop policies that would help them adapt to climate change.
Jim Yong Kim is the first scientist in charge of the World Bank and he says his hope is that the “Turn Down the Heat” report will shock everybody into action. It’s a massive change of policy for the World Bank which has been focusing on different issues for the past ten years. In fact, as Governor Ignazio Visco with the Bank of Italy explained, “the World Bank has gone back to being in charge of climate change. For a certain period from 2001, it had stopped”.