Wind Park near Kavarna, Bulgaria. Photo by Ivelina Taushanova/World Bank
The recent 2021 World Bank Group/International Monetary Fund spring meetings took place during challenging times. The COVID-19 pandemic has caused loss of life and exacerbated global poverty and inequality, while draining governments resources. Meanwhile, the impacts of climate change are starting to be felt on a broad scale, resulting in the loss of homes, crops and livelihoods. The year 2020 was tied for the hottest on record and boasted, among other things, a record number of destructive storms crossing the Atlantic. On top of the long-lasting economic effects of the pandemic, the impacts of climate change are poised to only get worse.
Resilience rating system: A methodology for building and tracking resilience to climate change - A Summary (January 2021)
Format
Introduction and objectives of
the Resilience Rating System
Climate change and natural hazards cause economic losses that threaten development and
long-term growth. Severe rainfall can cause mudslides and road washouts, while floods can
contaminate water supplies. Higher temperatures can reduce the efficiency of electricity
transmission and distribution, and place stress on grid networks from increased cooling
demands. Droughts can harm livestock and crop productivity, while changes in rainfall
patterns increase the risk of crop pest infestations that threaten food security. Resilience is
What You Need to Know About the Climate Change Resilience Rating System
Email An interview with World Bank Climate Change Lead Economist Stéphane Hallegatte
From Bangladesh to Mozambique, countries around the world face the accelerating impacts of climate change. Research has found that the poorest people least responsible for rising CO2 emissions are often the most exposed to climate risk, and that climate change could push up to 132 million people into extreme poverty by 2030. Severe rainfall can cause mudslides, road washouts, and floods that can contaminate water supplies. Higher temperatures can reduce the efficiency of electricity transmission and distribution, as well as place stress on grid networks from increased cooling demands. Droughts can harm livestock and crop productivity, while changes in rainfall patterns can increase the risk of crop pest infestations and threaten food security.