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By Mark Bittman of MarkBittman (TM)
Mark Bittman of MarkBittman.com has been writing for leading tech and business publications since 2004. His best-selling books have been picked up by The Wall Street Journal and other financial publications, and his articles have appeared in The New York Times and Forbes. He is the host of the online podcast “Mark Bittman on the Money,” which he launched in 2013.
Mark’s latest book, which is now available in Kindle format, is titled “The End of the Republic.”
A few months back, I had the opportunity to visit the headquarters of the World Bank’s Central Asia Regional Office (CARERA), as well as three other World Bank offices in Central Asia. CARERA also manages the Global Environment Facility (GEF), a multilateral body that coordinates climate and energy efforts around the world. CARERA was responsible for the coordination of the annual Global Climate Change Conference (GCCC) held this past December in Warsaw, Poland.
According to CARERA’s 2013 executive director, Pravin Chaudhuri, the purpose of the conference was to discuss how to deal with the “climate crisis,” or its consequences for the global environment, while preserving global financial stability. The GCCC was sponsored by the Bank itself, the European Union, its member countries and the EU Energy Commissioner. The GCCC’s theme, “Facing the Climate Crisis,” was an especially interesting one for CARERA, as it was the second time in CARERA’s nearly 60 year history that the organization had participated in a GCCC summit, following the 2008 event in Copenhagen:
What are the key findings and priorities of this year’s Global Climate Change Conference? How could they be put into practice? In this issue of Governance & Security – World Bank, Dr. Chaudhuri shares his recommendations for how countries can implement them at the global level:
1. Ensure greater global understanding of risks and opportunities
The need for greater global understanding of risks and opportunities is underscored by a recent global survey by research agency Pew Charitable Trusts, which reported that only 40% of countries have a comprehensive risk information system. By contrast, 73% of the world’s economies have some level of risk information. Thus, even at the “low end” of current levels of risk, most countries will remain unable effectively to plan or manage their climate actions without
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