The World Bank on 23 November 2014 released report on the impact of global warming titled Turn Down the Heat: Confronting the New Climate Normal. The report focuses on the specific regional impacts of warming.
The report explores the risks worsening climate change poses to lives and livelihoods across three regions: Latin America and the Caribbean, Eastern Europe and Central Asia, and the Middle East and North Africa.
In the report the World Bank warned that Climate change could undermine efforts to defeat extreme poverty around the globe. The World Bank has set an ambitious target of eliminating extreme poverty around the world by 2030, and it can still be done if warming is limited to just two degrees.
Main highlights of the report
• Sharp temperature rises will cut deeply into crop yields and water supplies in many areas and possibly set back efforts to bring populations out of poverty
• Climate change poses a substantial and escalating risk to development progress that could undermine global efforts to eliminate extreme poverty and promote shared prosperity
• If early action is not taken then warming could exceed 1.5 to 2 degree Celsius and its impact could significantly worsen intra and intergovernmental poverty in multiple regions across the globe
• It warned that in case concerted action is not taken than the real danger is that the average global temperature increase could go to 4.0 degrees Celsius by the end of the century.
Turn Down the Heat
Turn Down the Heat: Confronting the New Climate Normal is the third in a series of reports that was commissioned by the World Bank Group from the Potsdam Institute for Climate Impact Research and Climate Analytics.
• The first report looked at risks globally if the world were to warm by 4°C.
• The second report focused on three regions – Africa, South Asia, and South East Asia – and the risks to food security, water security, and low-lying cities exposed to dangerous sea level rise and vulnerability to storms.
The report came on the heels of strong new warnings from the Intergovernmental Panel on Climate Change (IPCC) about the pace of climate change and the energy transformations necessary to stay within 2°C warming.
World Bank President Jim Yong Kim in Washington said that ending poverty, increasing global prosperity and reducing global inequality is already difficult and will be much harder with warming of two degrees Celsius, but at four degrees, there is serious doubt whether these goals can be achieved at all.
When: on 23 November 2014
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