Gland, Switzerland – The world’s most vulnerable people, both inland and in coastal areas, are at increasing risk to the extremes of climate change, are least able to marshall resources to adapt to a warming world.
Climate change is putting their food and water supplies are under increasing risk and we have to ask ourselves if we are really serious about global warming when our global financial institutions – like the World Bank and others – continue to fund the development of dangerous fossil fuel infrastructure like coal plants, many of which are in countries whose people are the most vulnerable.
Renewable energy offers a safer, cleaner option. It is the only option that will allow governments across the world to provide access to energy for their most vulnerable communities who today, remain without this basic right.
WWF’s Seize Your Power campaign, launched earlier this month, addresses such shortcomings with a clear focus on clean renewable energy instead of oil, coal or gas for further energy infrastructure investments by public and private institutions.
We are calling for new and additional commitments of at least $US40 billion in renewables by June 2014.
I challenge World Bank President Jim Yong Kim to make a commitment to increase their funding of renewable energy infrastructure.