World Bank Head To Refocus Efforts On Climate Blahblah Environmental Concerns Blahblah
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The worst drought in half a century in the United States and poor crops from the Black Sea bread basket have lifted world prices of staples such as corn, wheat and soybeans. While prices have not reached 2008 record levels, increased food price volatility is a worry. As the first scientist to head the World Bank, Kim said the increases have raised his concern over the impact on poor countries from climate change.
"This is the first drought that scientists clearly attributed to man-made climate change," Kim said. "Climate change is real, the scientific community is overwhelming in agreement about the dimensions about man-made climate change and we simply must face it."
Until now, the World Bank has been reluctant to speak out loudly on global climate change for fear of getting involved in the politics of combatting global warming. Developing countries have blamed the European Union, the United States and other rich economies for trying to avoid deeper emissions cuts and dodging increases in finance to help poorer nations deal with climate change.
Kim said the euro zone debt crisis and its impact around the world would also loom large in the Tokyo meetings. Developing nations, which have so far weathered the global crisis well, are now seeing clear signs of slowing economic activity as a two-year debt crisis in the euro zone continues to stifle demand and financial markets are roiled by uncertainty over bailout prospects for Greece and Spain.
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http://www.reuters.com/article/2012/10/04/worldbank-kim-idUSL1E8L4JCQ20121004