The latest science, as described in the World Bank report Turn Down The Heat, tells us we could experience a 4°C warmer world this century – the consequences would be catastrophic. While every region of the world will be affected, those least able to adapt - the poor and most vulnerable - would be hit hardest. Bank Group President, Jim Yong Kim, has called for bold global action that will make the biggest difference on climate change.
A key provision of the World Bank’s inclusive green growth agenda suggests that priority should go to what needs to be done in the next 5 to 10 years, both to avoid getting locked into unsustainable paths and to offer immediate, local benefits. The SLCP agenda fits directly with this concept of near-term action that will have an immediate benefit for the climate system, but also lead to broadly experienced development gains.
The intersection of key aspects of the development agenda (including improved outcomes for health and agriculture) and the prospect of slowing down the predicted rapid rise in global temperatures through SLCP emissions (thereby avoiding some degree of adaptation) has placed SLCP reduction squarely on the front lines of World Bank action.
The World Bank has joined the CCAC because of its focus on catalyzing rapid reductions in these harmful pollutants to protect human health and the environment now and slowing the rate of climate change within the first half of this century. Many of the actions being pursued by the coalition are directly in line with SLCP lending activities within the Bank.
What is the World Bank doing to address SLCPs?
In addition to participation in global efforts directed at SLCPs, the World Bank is developing its own portfolio of projects and programs focused on SLCPs. Initial steps include several focused activities that engage strategic partnerships and build a foundation for deployment of key SLCP reduction measures, including:
- A report to the G8 in 2013 on ways to better integrate SLCP reduction in World Bank operations
- Convening an expert group on methane financing at the request of the G8
- Quantifying multiple benefits of projects with SLCP mitigation co-benefits
- Assessment of impacts of SLCP-relevant measures for regional glacier and ice (cryosphere) preservation
- Benefits for Climate Change and the Environment of Reducing Emissions of Black Carbon from Diesel Transportation in Developing Countries