Institute for Governance & Sustainable Development

The World Bank Feature Story

World Bank Group President: This Is the Year of Climate Action

January 23, 2014

At the World Economic Forum in Davos, President Jim Yong Kim called for a price on carbon, requiring companies to disclose their climate risk exposure, and greater investment in green bonds in the fight against climate change. The forum starts off a busy year for climate action as leaders in government, business, and finance aim for an international climate agreement in 2015. “Now is the time to act for future generations before it is too late,” Kim said. read more