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World Bank: Developing economies face "alarming" climate threats
2013-06-19 11:25:00| Climate Ark Climate Change & Global Warming Newsfeed
BusinessGreen: Just a day after G8 leaders declared that they had "grave concerns" about the slow progress in tackling climate change, the World Bank has published a major new report warning that many of the world's poorest nations face "alarming" climate risks over the coming decades that threaten to derail development efforts. The report, entitled Turn Down the Heat: Climate Extremes, Regional Impacts, and the Case for Resilience, follows a report late last year from the bank, which warned the world was on track...
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Climate change threatens trouble in the near future, World Bank says
2013-06-19 10:03:00| Climate Ark Climate Change & Global Warming Newsfeed
Washington Post: The World Bank is beginning to commit billions of dollars to flood prevention, water management and other projects to help major Asian cities avoid the expected impact of climate change, a dramatic example of how short the horizon has become to alleviate the effects of global warming. Places such as Bangkok, Jakarta and Ho Chi Minh City are now considered "hot spots' that will bear the brunt of the impact as sea levels rise, tropical storms become more violent, and rainfall becomes both more sporadic...
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World's poorest will feel brunt of climate change, warns World Bank
2013-06-19 09:04:00| Climate Ark Climate Change & Global Warming Newsfeed
Guardian: Millions of people around the world are likely to be pushed back into poverty because climate change is undermining economic development in poor countries, the World Bank has warned. Droughts, floods, heatwaves, sea-level rises and fiercer storms are likely to accompany increasing global warming and will cause severe hardship in areas that are already poor or were emerging from poverty, the bank said in a report. Food shortages will be among the first consequences within just two decades, along...
World Bank warns global warming woes closing in
2013-06-19 07:00:00| Climate Ark Climate Change & Global Warming Newsfeed
Agence France-Presse: The World Bank on Wednesday, June 19, warned that severe hardships from global warming could be felt within a generation, with a new study detailing devastating impacts in Africa and Asia. The report presents "an alarming scenario for the days and years ahead -- what we could face in our lifetime," said World Bank President Jim Yong Kim. "The scientists tell us that if the world warms by two degrees Centigrade (3.6 degrees Fahrenheit) -- warming which may be reached in 20 to 30 years -- that...
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Court: Ex-Im Bank needs to justify Air India loan
2013-06-19 00:05:30| Airlines - Topix.net
A federal bank that backed a huge airplane loan for Air India will have to explain that the loan didn't hurt U.S. airlines.
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