Climate Action Plan Suggested by Jim Yong Kim

First, we need to approach development differently. Climate change must be considered in all of our work – from building cleaner cities to producing more food on less land – with a much stronger focus on adapting to changing climate patterns.

Second, we need a clean-energy transformation at the speed and scale of the digital revolution.Dramatic decreases in the cost of low-carbon technologies also support an ambitious global transition toward renewable energy.

Third, businesses must immediately become climate literate.

Fourth, world leaders must push harder for carbon pricing. Carbon dioxide emissions from the burning of fossil fuels carry a hefty price. It’s a bill that comes to all of us in the form of public-health costs, damage to the environment, and adverse weather effects.

Finally, finance will be critical. National climate action plans – submitted by more than 180 countries – identify trillions of dollars of climate-related needs. This global economic transition holds tremendous investment opportunities for the private sector.