What are the main challenges to success?
There are still different views among our key stakeholders and shareholders regarding to what extent the Bank should take a leading role on climate change. Through this exercise the Bank would like to hear different views and facilitate a consensus that climate change must be a central pillar of the development agenda. The climate change agenda is at the heart of the development agenda and the aspirations of globalization. Fundamentally, developing countries are concerned that addressing climate change may lead to divergence in the levels of economic development between rich countries and poor countries, while they – as well as the global development community – of course would like to see convergence. There are ways of addressing climate change and global economic equality in tandem. The World Bank Group can help developing countries reconcile the need to improve living standards of their people, build resilience to climate risks, and grow economic wealth in a less carbon intensive ma
