World Bank

Climate meltdown: Global Warming heading towards 6 degrees C warns World Bank

Artcile originally published at Indybay.org:
I sat down and skimmed through the 106pp report prepared by the prestiguous Postdam Institute for Climate Impact Research (PIK) for the World Bank (See media release). It is a shocking read, that we are presently on the business as usual emissions path of 4 degrees C  (7.2°F) of global warming by about the 2060s and 6 degrees C (10.8°F) of warming by the turn of the century, just 88 years hence.

The United Nations Environment Program warned this week that Greenhouse Gas Emissions Gap Widening as Nations Head to Crucial Climate Talks in Doha, while the European Environment Agency has warned in a new report Climate change evident across Europe, confirming urgent need for adaptation.

The International Energy Agency warned in their 2011 World Energy Outlook report that we are on a 4-6 degree Celsius trajectory and that 80 percent of carbon emissions infrastructure has already been built and is in operation. We cannot afford to add any new carbon intensive infrastructure that will continue to pollute for 30-50 years, yet the World Resources Institute reveals nearly 1,200 Proposed Coal-Fired Power Plants, the majority in India and China. But grassroots action is having an impact: thousands rallied against coal across India, and a very first Arab Day of Climate Action (Photos) organised by the Arab Youth Climate Movement occurred on November 10. In the US, the Sierra Club reports victories in stopping the coal rush.

A recent Price WaterhouseCoopers report warned that Business as usual Carbon emissions heading towards 6°C (10.8°F) of global warming this century. So there is widespread agreement from science and scientists, energy experts and experts in global economics and accounting that we are facing a climate meltdown.

Related: 4 Degrees or More? Climate Change: The Critical Decade - a speech by Professor Hans Joachim Schellnhuber Director of PIK. Speech delivered at a Climate Science conference in Melbourne, Australia, July 2011. | Another view from Systemic Disorder: World Bank's call for slowing global warming ignores own role

World Bank: catalysing catastrophic climate change Report cover

World Bank: catalysing catastrophic climate change Report cover

Cover of report

Bonn: World Bank dirty investments fueling climate change claims report

Amid the latest UN climate talks taking place in Bonn Germany Friends of the Earth International have released a report highly critical of the role of the World Bank in continuing to fund dirty energy investment in developing countries and continuing to push carbon markets and offset programs which essentially privatise developing country forests in the process of generating carbon offsets.

The World Bank was made interim trustee of the new Green Climate Fund in December 2010 in Cancun. The Fund was established to assist developing countries to adapt to the impacts of global warming.

Related: Interview with Sarah-Jayne Clifton, coordinator of the Climate Justice and Energy Program of Friends of the Earth International | Follow the Bonn climate talks: Adopt a Negotiator Project; Climate Action Network; Friends of the Earth.

Cancun - No to World Bank in Climate Financing

Cancun - No to World Bank in Climate Financing

World vs Bank

On Dec 3rd 2010, 100's of demonstrators took to the streets at Cancun.
Photo credit: Hemantha Withanage (FoE Sri Lanka)

Syndicate content