Thursday, September 17, 2009

The 2010 World Development Report argues that industrialized countries must pay climate mitigation costs for poorer nations

The World Bank's new 2010 Development Report says that one of the effects climate change has already had on the world's poorer countries is that it is diverting development funds away from their traditional uses, such as road-building, irrigation and infrastructure improvement. Some of those funds are now being used to help countries deal with the destructive effects of more extreme climate events. Co-author Rosina Bierbaum says a better use of this money would be to pursue the goal of what she calls a "climate-safe world," where global temperatures rise no more than 2 degrees Celsius above pre-industrial levels. Achieving that goal, says Bierbaum, will require innovation, diplomacy and technology. "This will require enormous transfers of funding, but it will actually be far cheaper if activities are undertaken in both the developing and developed world simultaneously."

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