World Bank Addresses Climate Change

The World Bank plans to help developing countries better address the impact of climate change, including the effect of droughts and floods on agriculture and how rising sea levels threaten coastal areas.

The bank's chief scientist, Bob Watson, also said that as much as 40 percent of its $20 billion in annual loans and grants is going to projects that may be at risk because of climate change. That, he said, would force the Washington, D.C.-based institution to consider redesigning billion of dollars in aid efforts in the future.