Washington (GNP): Climate change has impacted lives by increasing the life-changing risks and exposure. The World Bank issued a report on alleviating the impacts of climate change through targeted measures.
The World Bank stated, “1.2 billion people worldwide face life-changing risks through exposure to at least one critical climate hazard such as heatwaves, flooding, hurricanes, and drought.”
https://x.com/WorldBank/status/1852621685653958708
The World Bank issued a report “Rising to the Challenge” which argues that the impacts of climate change can be alleviated through “rapid development” and “targeted adaptation interventions.”
However, development is the main component because nobody can be resilient without necessities. Even though some countries have adaptation planning, they are “lagging in implementation” and monitoring and evaluation of their actions.
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Summary of the World Bank’s Report “Rising to the Challenge”
The report “Rising to the Challenge” highlights the challenges along with the case studies of the climate policies faced with the evolving climate and the importance of Climate Adaptation and Resilience Activities.
Here the some of the main points from the report:
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Climate change and extreme events are increasing with their impacts:
The report highlights that the rising intensity of climate-related extreme events such as record-breaking heatwaves, droughts, storms, floods, and wildfires, significantly threaten communities and economies, particularly in vulnerable areas.
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Development, adaptation, and resilience are inseparable:
The report further highlights that sustainable development can only be achieved by “integrating adaptation and resilience strategies” because they are important for safeguarding communities against climate impacts.
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Countries have not mainstreamed adaptation and resilience in their economic and development policies:
Many countries have failed to incorporate climate adaptation and resilience into their economic frameworks, which limits their effectiveness in addressing climate challenges.
Further, the report discussed the three main gaps in climate adaptation and resilience (A&R) which are the following:
- First, a need to focus on institutions and implementation. Though many countries have established A&R frameworks but are lacking in implementation and monitoring.
- Second, the technical and capacity challenges in identifying, quantifying, and managing macro-fiscal risks posed by climate impacts.
- Third, along with A&R action, monitoring, evaluation, and learning are important for climate adaptation.
This report highlights the urgency for countries to not only formulate but also act on sustainable development and climate resilience.
