| December, 2005 - The threat of global warming and climate change is increasingly recognized as a major challenge for human welfare and the sustainability of development. As the impacts of climate change disproportionately affect the health and well-being of the poor, this agenda is of mainstream importance to the Bank’s poverty-reduction agenda. At the July 2005 Gleneagles Summit, the G-8 requested the World Bank, in collaboration with International Financial Institutions (IFIs), to prepare an “Investment Framework” to accelerate investment in energy systems of low greenhouse gas emissions intensity and to increase the level of assistance to developing countries to help them adapt to climate change. An essential first step in formulating a climate investment and financing framework for climate-resilient development is consultation with countries with rapidly expanding energy demands. Their guidance on key issues and concerns and their expectations of the role of the Bank must guide our work on climate change and development. To advance this dialogue, in October the World Bank undertook missions to Brazil and Mexico to meet with key stakeholders -- both public and private -- in the many sectors relevant to climate change. The attached presentations outline some of the key messages presented by the Bank in the course of these missions, and served as a point of departure for discussions on both the implications of climate change for our partner countries and on emerging investment priorities consistent with both development aspirations and protection of the climate system.
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