UN’s World Bank Seeks More International Wealth Transfer

Source:  SPPI

by Dennis Ambler

As highlighted in High Level Climate Finance, 17 February 2011 – http://scienceandpublicpolicy.org/originals/high_level_climate_finance.html with additional relevant commentary in

The European Emissions Trading Scheme -15 September 2010  http://scienceandpublicpolicy.org/originals/emissions_trading_scheme.html


Changing The Engine Of The Global Economy ? The Next UN Strategy – 20 July 2010


World Bank Appoints Andrew Steer as Special Envoy for Climate Change

Press Release No:2010/505/ WASHINGTON, June 25, 2010 – World Bank President Robert B. Zoellick today announced the appointment of Andrew Steer as Special Envoy for Climate Change, a new position created to ensure focused leadership and representation of the World Bank in the international discussions around climate change.

This appointment comes amid unprecedented demand from developing countries for World Bank support in their efforts to address development and climate change as interlinked challenges.

?The scale and scope of the World Bank Group?s support to our country clients on climate change issues has grown rapidly, as has our engagement in the international dialogue,?  said Mr. Zoellick. ?Given the importance of this issue, we decided we needed a high-level ?point person? on climate change. Andrew brings a deep knowledge of the technical, financial and political aspects of climate change to this important new role.?

Steer, a UK national, returns to the World Bank after three years as Director General, Policy and Research at the UK Department of International Development (DFID) in London. In earlier years at the World Bank he held a number of positions including Country Director for Indonesia and Vietnam and Director of the Environmental Department. He was also Staff Director of the 1992 World Development Report on Environment and Development, the Bank?s Flagship report to the Rio Summit.

In his new post, which ranks at the level of Vice President, Steer will be responsible for guiding the Bank’s external work on climate change and further advancing its internal capabilities in this area. He will also oversee the Climate Investment Fund, co-chair the Strategic Climate Fund and help mobilize climate financing. To ensure close integration with the Bank’s wider efforts on sustainable development, he will work within and through the Bank’s Sustainable Development Network.

?It is a great honor to have been appointed to this new role? said Steer. ?Climate change is a major threat to poverty reduction, and a central development challenge for our generation. I look forward to working with external partners and colleagues at the World Bank to help advance international progress on low carbon and climate resilient development, and to deepen that Bank’s capacity as a cutting edge contributor.?

Steer has a Ph.D in Economics from the University of Pennsylvania. His appointment will be effective July 1, 2010.

Justifying his job:  Statement by Andrew Steer, Special Envoy for Climate Change, World Bank Group on new Report by the Arctic Monitoring and Assessment Program

Press Release No:2011/471/SDN

Washington, May 4, 2011 ? Andrew Steer, Special Envoy for Climate Change, World Bank Group today issued the following statement on the new report by the Arctic Monitoring and Assessment Program, the scientific arm of the eight-nation Arctic Council.

?The findings in the new report from the Arctic Monitoring and Assessment Program (AMAP) are a cause for great concern.

The finding by scientists that sea level rise is now expected to be much higher than previously thought (between 0.9 and 1.6 meters by the end of this century) will affect hundreds of millions of people around the world in both rich and poor countries, but it is the poor who will be particularly badly affected. They tend to live in the lowest lying land, and have the fewest resources to adapt.

In urban areas alone, more than 360 million people, most in developing countries, live in low elevation coastal zones that are threatened by rising sea levels and storm surges.

A recent World Bank report (Climate Risks and Adaptation in Asian Coastal Megacities, October 2010) examined the impact of climate change on Bangkok, Ho Chi Minh City, and Manila, under a range of different scenarios through to 2050.  It concluded that the costs from major flooding events on infrastructure and the economy can be expected to run into the billions of dollars, with urban poor populations the hardest hit.

It is clear that we’re not on track in the battle against climate change. Despite ongoing efforts to cut back greenhouse gases, we are still on a path for a temperature rise much greater than the 2C maximum that nations set for themselves in Cancun last year.

World Bank Climate Change web site

They just carry on as usual, ignoring any challenges along the way. They have to go for it in a different way, with the likely non-renewal of Kyoto. Global Governance here we come.