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WB: 'Climate Smart' World Is Within Reach

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  • WB: 'Climate Smart' World Is Within Reach

    WB: 'CLIMATE SMART' WORLD IS WITHIN REACH

    PanARMENIAN.Net
    16.09.2009 20:58 GMT+04:00

    /PanARMENIAN.Net/ Developing countries can shift to lower-carbon paths
    while promoting development and reducing poverty, but this depends on
    financial and technical assistance from high-income countries World
    Bank says in a new report released today.

    High-income countries also need to act quickly to reduce their carbon
    footprints and boost development of alternative energy sources to
    help tackle the problem of climate change, says the report.

    World Development Report 2010: Development and Climate Change, released
    in advance of the December meetings on climate change in Copenhagen,
    says that advanced countries, which produced most of the greenhouse
    gas emissions of the past, must act to shape our climate future. If
    developed countries act now, a 'climate-smart' world is feasible, and
    the costs for getting there will be high but still manageable. A key
    way to do this is by ramping up funding for mitigation in developing
    countries, where most future growth in emissions will occur.

    "The countries of the world must act now, act together and act
    differently on climate change," said World Bank President Robert
    B. Zoellick.
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