The evidence presented in the Turn Down the Heat series demonstrates the importance of the World Bank Group’s climate change mitigation, adaptation, and disaster risk management work to development and poverty reduction. The Bank is helping 130 countries across the globe take action on climate change. Last year, it doubled its financial support for adaptation – from 2.3 billion in fiscal year 2011 to 4.6 billion in fiscal year 2012. Increasingly, the Bank is supporting action on the ground to finance the kind of projects that help the poor grow their way out of poverty, increase their resilience and reduce emissions:
- In the Philippines, the biggest risks are due to more severe impacts storms will have on informal settlements and coastal communities. The Bank is working with the Government of the Philippines to enhance the country’s capacity to deal with climate impacts as well as help ensure its overall national public expenditure is appropriately targeted to deal with these challenges. Together with other development partners, the Bank is also helping in the preparations for priority projects that aim to improve flood management and resilience in Metro Manila.
- In Vietnam, some of the biggest impacts will be on flooding in urban areas due to the impact of sea intrusion in the Mekong Delta. The Bank is working with the Government of Vietnam on a series of policy actions to mitigate climate change impacts and is discussing programs in Ho Chi Minh City and in the Mekong Delta to address some of these threats.
- In Thailand, the severe flooding suffered in Bangkok in 2011 was a precursor to what the city can expect in a warming world. After the floods, the Bank worked with the Government of Thailand to come up with recommendations on how to better manage flooding.
Check the following link to read/download the Full Report – “Turn Down the Heat: Climate Extremes, Regional Impacts, and the Case for Resilience”:
http://www.worldbank.org/en/topic/climatechange/publication/turn-down-the-heat-climate-extremes-regional-impacts-resilience
Source: The World Bank.
[…] The study also describes rising ocean acidity leading to the loss of coral reefs and the benefits they provide as fish habitats, protection against storms, and revenue-generators in the form of tourism. Warmer water temperatures and habitat destruction could also lead to a 50 percent decrease in the ocean fish catch in the southern Philippines, the report says. (Also read Warmer World Threatens Livelihoods in South East Asia) […]