Sending a Signal from Paris

Jim Yong Kim, President of the World Bank Group, focuses on economic policy as the key to mobilizing a
coordinated global response to climate change. He talks
about the need to confront climate change, without which
there will be no hope of ending poverty or boosting shared
prosperity. He adds that the longer the delay in tackling
climate change, the higher the cost will be to do the right
thing for our planet and our children. He affirms that from the
Paris meeting we will make the rallying cry for effective
management of local, national and global economies to fight
climate change. The Paris agreement needs to
speak as loudly of economic transformation as it does of
pollution or carbon emissions targets. Carbon pricing that can raise revenues and can be used to
generate more economic and social benefits. Specific efforts are needed to scale up renewable
energy and develop carbon capture and sequestration
technology, at a pace that will allow us to reach carbon
neutrality by the end of the century. He concludes by saying
that he will drive the World Bank Group and all its
capabilities--financial, technical, and human--to
support this development transition toward the goal of
preserving our planet for all future generations.