World Bank changes it’s position on climate change: now it’s about adapting to it, not trying to stop it.

http://wrld.bg/XTmr50U3n5l

by theNewFloridian

10 comments

  1. My lack of surprise is palpable.

    You just know they are going to spin climate change into another anti immigrant, fear of the other bs.

  2. Can someone with more knowledge than me explain whether climate modelling accounts for the economic destruction (and associated lower emissions) that comes as the planet warms? Many of the deadliest catastrophes in history have been famines (many of which have been because of wars etc), what happens to the climate models when millions are starving to death?

  3. In other words, since the planet does not give a schmuck about what you think, you better find another planet to live, rush.

  4. It’s not wrong to work on adaptation and resilience at the same time as mitigation. This is an “and and” time to address the impacts of climate change.

  6. News flash… Banks want to make money, nothing else.

    The current political issue could be cats are better than dogs and banks would side with cats…

    Banks don’t care about climate.

  7. There’s more money to be made financing climate hardening infrastructure projects

  8. The worst people pretend they care.

    In other news, the sky is orange.

  9. What kind of post is this, linking to WB’s adaptation page and claiming they have “changed their position”? Most of the projects they fund are mitigation initiatives:

    “The World Bank’s climate portfolio favors mitigation initiatives over adaptation initiatives, both in middle-income countries and in energy-poor, low-income countries. Of 2,554 total projects, 1,179 are focused solely on mitigation, 507 solely on adaptation, and 868 on both. The total amount of funding toward mitigation totals $68.7 billion while funding for adaptation totals $50.7 billion.”

    Not defending the WB as there are known problems with the way they work, but adaptation to climate change is a legitimate pathway where impacts can’t be mitigated anymore.

  10. They’re not changing their position, they just quit hiding it. Just like big oil, backing away from any promise of progress.

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