Another Day, Another Warning, This Time from the World Bank

World Bank president Jim Yong Kim had a blunt message for G20 finance ministers meeting in Moscow, telling them it's time they "tackle the serious challenges presented by climate change."

"These are not just risks. They represent real consequences," said Kim, calling the lack of attention to the issue by finance ministers and central bank chiefs "a mistake". He said failing to tackle the challenges of climate change risked having "serious consequences for the economic outlook". "Damages and losses from natural disasters have more than tripled over the past 30 years," said Kim, giving as examples the $45 billion of losses from the 2011 floods in Thailand, whose effects "spread across borders disrupting international supply chains." "Years of development efforts are often wiped out in days or even minutes," Kim said, asking the G20 to "face climate change, which is a very real and present danger."

Read more at: http://phys.org/news/2013-02-climate-real-economic-world-bank.html#jCp

 "Damages and losses from natural disasters have more than tripled over the past thirty years.   ...Years of development effort are often wiped out in days or even minutes.

"Damages and losses from natural disasters have more than tripled over the past 30 years," said Kim, giving as examples the $45 billion of losses from the 2011 floods in Thailand, whose effects "spread across borders disrupting international supply chains." "Years of development efforts are often wiped out in days or even minutes," Kim said, asking the G20 to "face climate change, which is a very real and present danger."

Read more at: http://phys.org/news/2013-02-climate-real-economic-world-bank.html#jCp

"These are not just risks. They represent real consequences," said Kim, calling the lack of attention to the issue by finance ministers and central bank chiefs "a mistake". He said failing to tackle the challenges of climate change risked having "serious consequences for the economic outlook". "Damages and losses from natural disasters have more than tripled over the past 30 years," said Kim, giving as examples the $45 billion of losses from the 2011 floods in Thailand, whose effects "spread across borders disrupting international supply chains." "Years of development efforts are often wiped out in days or even minutes," Kim said, asking the G20 to "face climate change, which is a very real and present danger."

Read more at: http://phys.org/news/2013-02-climate-real-economic-world-bank.html#jCp

"These are not just risks. They represent real consequences," said Kim, calling the lack of attention to the issue by finance ministers and central bank chiefs "a mistake". He said failing to tackle the challenges of climate change risked having "serious consequences for the economic outlook". "Damages and losses from natural disasters have more than tripled over the past 30 years," said Kim, giving as examples the $45 billion of losses from the 2011 floods in Thailand, whose effects "spread across borders disrupting international supply chains." "Years of development efforts are often wiped out in days or even minutes," Kim said, asking the G20 to "face climate change, which is a very real and present danger."

Read more at: http://phys.org/news/2013-02-climate-real-economic-world-bank.html#jCp

"These are not just risks. They represent real consequences," said Kim, calling the lack of attention to the issue by finance ministers and central bank chiefs "a mistake". He said failing to tackle the challenges of climate change risked having "serious consequences for the economic outlook". "Damages and losses from natural disasters have more than tripled over the past 30 years," said Kim, giving as examples the $45 billion of losses from the 2011 floods in Thailand, whose effects "spread across borders disrupting international supply chains." "Years of development efforts are often wiped out in days or even minutes," Kim said, asking the G20 to "face climate change, which is a very real and present danger."

Read more at: http://phys.org/news/2013-02-climate-real-economic-world-bank.html#jCp