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World Bank to Invest $200 Billion to Tackle Climate Change
As the all-important United Nations climate talks kick off in Katowice, Poland this week, the World Bank Group announced Monday that it will significantly ramp up its investments to fight climate change, and it is urging the wider global community to do so as well.
It will double its current 5-year investments to around $200 billion from 2021-2025 to boost adaptation and resilience in a rapidly warming world, especially in the world's poorest countries.
"Climate change is an existential threat to the world's poorest and most vulnerable. These new targets demonstrate how seriously we are taking this issue, investing and mobilizing $200 billion over five years to combat climate change," World Bank Group President Jim Yong Kim said in a statement. "We are pushing ourselves to do more and to go faster on climate and we call on the global community to do the same. This is about putting countries and communities in charge of building a safer, more climate-resilient future."
The World Bank provides financial, advisory and technical support to developing countries. This year, the bank financed a record $7.7 billion in adaptation projects, such as a solar water pump for Nabeina village in the low-lying island nation of Kiribati, which is threatened by saltwater intrusion due to rising sea levels.
From Niger to Kiribati, How We Are Adapting to Climate Change www.youtube.com
Of the $200 billion in new funding, approximately $100 billion will come from direct finance from the World Bank. The money will go toward adaption measures such as building more resilient homes, schools and infrastructure, "smart agriculture" that better adapts to changing weather conditions, sustainable water management and responsive social safety nets, World Bank CEO Kristalina Georgieva said in a statement.
"People are losing their lives and livelihoods because of the disastrous effects of climate change. We must fight the causes, but also adapt to the consequences that are often most dramatic for the world's poorest people," Georgieva said.
The expected funding will also help improve weather forecasts, early warning systems and climate information services for 250 million people in 30 developing countries for climate risks, the bank said.
Further spending will also support 36 gigawatts of renewable energy projects; 1.5 million gigawatt-hours-worth of efficiency upgrades; helping 100 cities achieve low-carbon and resilient urban planning and improving transit; and protecting up to 120 million hectares of forests.
The other $100 billion will come from combined direct finance from the International Finance Corporation (IFC) which works with the private sector, the Multilateral Investment Guarantee Agency, as well as private capital raised by the World Bank.
"There are literally trillions of dollars of opportunities for the private sector to invest in projects that will help save the planet," said IFC CEO Philippe Le Houérou in a statement. "Our job is to go out and proactively find those opportunities, use our de-risking tools, and crowd in private sector investment. We will do much more in helping finance renewable energy, green buildings, climate-smart agribusiness, urban transportation, water, and urban waste management."
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Farms with just one or a handful of different crops encourage fewer species of pollinating and pest-controlling insects to linger, ultimately winnowing away crop yields, according to a new study.
Up to half of the detrimental impacts of the "landscape simplification" that monocropping entails come as a result of a diminished mix of ecosystem service-providing insects, a team of scientists reported Oct. 16 in the journal Science Advances.
Monocrop palm oil plantation Honduras.
SHARE Foundation / Flickr / CC BY-NC 2.0
"Our study shows that biodiversity is essential to ensure the provision of ecosystem services and to maintain a high and stable agricultural production," Matteo Dainese, the study's lead author and a biologist at Eurac Research in Bolzano, Italy, said in a statement.
It stands to reason that, with declines in the sheer numbers of insects that ferry pollen from plant to plant and keep crop-eating pests under control, these services will wane as well. But until now, it hasn't been clear how monocultures affect the number and mix of these species or how crop yields might change as a result.
Aiming to solve these questions, Dainese and his colleagues pulled together data from 89 studies cutting across a variety of landscapes, from the tropics of Asia and Africa to the higher latitudes of northern Europe. They tabulated the number of pollinating and pest-controlling insects at these sites — both the absolute number of individuals and the number of species — along with an assessment of the ecosystem services the insects provided.
In almost all of the studies they looked at, the team found that a more diverse pool of these species translated into more pollination and greater pest control. They also showed that simplified landscapes supported fewer species of service-providing insects, which ultimately led to lower crop yields.
The researchers also looked at a third measure of the makeup of insect populations — what they called "evenness." In natural ecosystems, a handful of dominant species with many more individuals typically live alongside a higher number of rarer species. The team found as landscapes became less diverse, dominant species numbers dwindled and rare species gained ground. This resulting, more equitable mix led to less pollination (though it didn't end up affecting pest control).
"Our study provides strong empirical support for the potential benefits of new pathways to sustainable agriculture that aim to reconcile the protection of biodiversity and the production of food for increasing human populations," Ingolf Steffan-Dewenter, one of the study's authors and an animal ecologist at the University of Würzburg in Germany, said in the statement.
The scientists figure that the richness of pollinator species explains around a third of the harmful impacts of less diverse landscapes, while the richness of pest-controlling species accounts for about half of the same measure. In their view, the results of their research point to the need to protect biodiversity on and around crops in an uncertain future.
"Under future conditions with ongoing global change and more frequent extreme climate events, the value of farmland biodiversity ensuring resilience against environmental disturbances will become even more important," Steffan-Dewenter said.
Reposted with permission from our media associate Mongabay.
Ivory Coast's rainforests have been decimated by cocoa production and what is left is put in peril by a new law that will remove legal protections for thousands of square miles of forests, according to The Guardian.
By Karin Kirk
Greenland had quite the summer. It rose from peaceful obscurity to global headliner as ice melted so swiftly and massively that many were left grasping for adjectives. Then, Greenland's profile was further boosted, albeit not to its delight, when President Trump expressed interest in buying it, only to be summarily dismissed by the Danish prime minister.
During that time I happened to be in East Greenland, both as an observer of the stark effects of climate change and as a witness to local dialogue about presidential real estate aspirations, polar bear migrations and Greenland's sudden emergence as a trending topic.
Heavy metals that may damage a developing brain are present in 95 percent of baby foods on the market. Cirou Frederic / PhotoAlto Agency RF Collections / Getty Images
Heavy metals that may damage a developing brain are present in 95 percent of baby foods on the market, according to new research from the advocacy organization Healthy Babies Bright Futures (HBBF), which bills itself as an alliance of scientists, nonprofit organizations and donors trying to reduce exposures to neurotoxic chemicals during the first three years of development.
By Kerstin Palme
Creepy-crawlies are among the oldest life forms on this planet. Before dinosaurs ever walked the earth, insects were certainly already there. Some estimates date their origins to 400 million years ago. They're also extremely successful. Of the 7 to 8 million species documented on Earth, around three quarters are likely bugs.
But several insect species could disappear for good in the next few decades and that would have serious consequences for humans.
Volvo introduced its first-ever all-electric vehicle this week, kicking off an ambitious plan to slash emissions and phase out solely gas-powered vehicles starting this year.
The report, released Wednesday, found that almost every European who lives in a city is exposed to unhealthy air, Reuters reported.