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Paul Wolfowitz, President of the World Bank, discussed how to meet the rising demand for energy while reducing our carbon footprint. Rich countries need to lead by example, renovating and replacing infrastructure and investing in clean technology. Rich countries also need to lead with direct support to developing nations, both to reduce poverty and reduce carbon emissions. Moving to a low carbon path will require investments, and a long-term equitable global regulatory framework to reduce greenhouse gas emissions. The Bank has been actively supporting climate-friendly solutions in four areas: efficiency and conservation, renewable energy, forest preservation, and adaptation to climate change.
Adaptation to Climate Change --- Air Pollution --- Carbon Emissions --- Carbon Finance --- Carbon Intensity --- Clean Energy --- Climate --- Climate Change --- Climate Change Mitigation and Green House Gases --- Coal --- Commercial Banks --- Conservation --- Deforestation --- Electricity --- Emission Reductions --- Emissions --- Energy --- Energy Consumption --- Energy Efficiency --- Environment --- Environmental Economics & Policies --- Ethanol --- Expenditures --- Floods --- Forests --- Fossil Fuels --- Fuels --- Hydropower --- Land --- Landfills --- Methane --- Natural Gas --- Renewable Energy --- Sea Levels --- Trade --- Water
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Paul Wolfowitz, President of the World Bank, remarked that we are seeing today an emerging global consensus that we must do something about climate change. But equally important is the agenda to reduce poverty. We face this double challenge of reducing damaging carbon emissions, and still meeting the energy demands of the world's poor. The role of the World Bank Group is to provide technical support to pilot innovative ideas, to work with countries to develop alternative strategies, and to listen and partner with the private sector which is going to provide much of the engine in innovation and financing. Carbon trading could generate resource flows in the order of USD 200 billion a year. The Bank is helping developing countries to move to a lower carbon path by exploiting renewable energy resources, supporting energy conservation, and increasing efficiency. Second, the Bank is playing a role is in promoting new technology. The third focus of the Bank is to prevent deforestation. Fourth, the Bank is among the leaders in addressing adaptation to climate risk by pioneering insurance work. We need to act sooner rather than later, today rather than tomorrow.
Carbon Emissions --- Carbon Finance --- Carbon Intensity --- Clean Energy --- Climate --- Climate Change --- Climate Change Economics --- Climate Change Mitigation and Green House Gases --- Coal --- Conservation --- Deforestation --- Emissions --- Energy --- Energy and Environment --- Energy Efficiency --- Environment --- Environment and Energy Efficiency --- Ethanol --- Extreme Weather Events --- Feasibility --- Finance --- Financial Institutions --- Floods --- Forests --- Fossil Fuels --- Fuels --- Global Environment Facility --- Insurance --- International Financial Institutions --- Land --- Land Management --- Macroeconomics and Economic Growth --- Natural Disasters --- Renewable Energy --- Sea Levels --- Water
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