Adressing climate change

Minister Müller and World Bank President Kim agree to expand their cooperation on climate change

Federal Minister Dr. Gerd Müller and President of the World Bank Dr. Jim Yong Kim agreed to cooperate more closely in combating climate change.

Press release of 30.11.2016 |

Berlin – Today, Minister Gerd Müller and World Bank President Jim Yong Kim signed an agreement for closer cooperation between Germany and the World Bank to address climate change. Germany will provide 105 million euros in support of relevant World Bank programmes.

Minister Müller said, "Climate change leads to poverty. It is people in developing countries who suffer most under the impact of climate change and who have contributed least to it. Together, we want to protect them – through insurance against droughts and floods and through investment in forest conservation, which is a vital matter. Climate change also brings opportunities, especially for developing countries. Renewable energy sources create jobs and are good for human health. I am always saying that there must be no more investment in outdated technologies that harm the climate. The World Bank, too, has to align all its programmes with the global climate and sustainability goals."

Kim said, "We cannot end extreme poverty without tackling climate change. And swift action is critical if we want to meet our aspiration of limiting warming to 1.5 degrees. Severe climate shocks have dire human and economic consequences, with the poor often paying the heaviest price. So, together with the Government of Germany, we are committed to building resilience mechanisms to ensure these shocks do not roll back the progress we have made. I want to thank the Government of Germany for its leadership in helping developing countries move quickly to implement their climate plans under the Paris Agreement."

Specifically, the German government and the World Bank will increase their cooperation in three areas:

  • Implementation of the global climate agreement. The new global NDC Partnership will support developing countries in implementing their nationally determined contributions under the Paris Agreement. The Partnership unites more than 40 developing countries, industrialised countries and international organisations. It will become an engine for tailor-made climate solutions for developing countries.
  • Climate risk insurance for the poorest. The InsuResilience climate risk insurance initiative presents solutions for vulnerable countries. For example, it helps small island states to better cope with the consequences of increasing tropical storms, and it helps African countries to improve drought prevention and preparedness and to limit damage to humans and livestock. By 2020, an additional 400 million people are to be covered by insurance against climate risks.
  • Forest conservation. The World Bank's Forest Carbon Partnership Facility rewards countries that make progress on forest conservation. Using forests sustainably and undertaking efforts to protect them translates into jobs and income. Forests are the direct source of livelihood for more than 1.6 billion people worldwide.

During its G20 Presidency in 2017, Germany will be working closely with the World Bank in order to get industrialised and emerging economies to jointly embark on a responsible course for those who suffer most under climate change.

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