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Djordjija Petkoski World Bank Institute 1984 – Environmental Impact Assessments in investment lending adopted 1987 – Environment Department created 1992 – Earth Summit in Rio de Janeiro / Montreal Protocol launched / WDR on Environment 1993 – Global Environment Facility launched 1997 – Safeguards Policies adopted 1998 – The Pollution Prevention and Abatement Handbook launched 1999 – Prototype Carbon Fund launched 2001 – World Bank Environment Strategy 2003 – Equator Principles established (led by the IFC) 2006 – Sustainable Development Network (SDN) created 2006 – Policy and Performance Standards on Social and Environmental Sustainability adopted (IFC) – MIGA adopts in 2007 (Multilateral Investment Guarantee Agency) 2008 – Development and Climate Change Strategic Framework approved 2009 ~ 2010 – Development of Environment Strategy 2010 for the World Bank Group 2 Private sector is a key players in finding solutions to climate change and environmental challenges While progress has been made, challenges remain. 4 ◦ Hunger and child malnutrition are linked to poor sanitation and hygiene ◦ Disease due to environmental factors15 times higher in developing countries; 40% of burden falls on children under 5 ◦ Financial crisis holding 53 million people in extreme poverty ◦ Food crisis has left 63 million more people hungry 5 Environmental Health and Pollution Management 24% of disease burden and 23% of all deaths in developing countries due to environmental risk factors Half of malnutrition is caused by poor sanitation from lack of access to safe water Indoor air pollution responsible for 1.5 million deaths from respiratory illness; 2.7% of global burden of disease Weak inter-ministerial coordination Lack of coordination among different levels of government Under-funded environmental institutions Enforcement Governance & Institutions Sustainable Natural Resource Management Deterioration seen in water, air, forests, grasslands, marine resources, agro-ecosystems Overfishing: 75% of global fish stocks are fully or over-exploited Eco-system loss Climate Change Increasing access to energy needed, while cleaner technologies are more expensive Poorest most vulnerable to climate change; they lack the resources or capacity to adapt 20% of carbon emissions come from deforestation and degradation Social Equity Vulnerable and marginalized communities continue to face exclusion and isolation, unaccountable institutions, and powerlessness Poor people remain voiceless, unheard; development processes often do not reflect their needs and priorities 6 Climate Change is a key development and inter-generational challenge But it is also an opportunity for businesses to develop new innovative solutions 7 WBI has a large focus on environmental and climate change issues by fostering networks of practitioners; Capturing and exchanging knowledge and ultimately building their capacity to become agents of change 8 E-Conference October-November 2009 Training program for private sector on climate change Series of consultation with Private sector Nov. 6 –Ghana and Nov. 10- Washington 9