Economies Must be Climate-Smart - WB

Economic development plans must get “climate-smart” for countries to mitigate the economic costs of a changing climate, the World Bank said. The World Development Report 2010, presented at a round-table forum in Manila Feb. 11, also called on countries to increase investments in technologies, industries and businesses with low-carbon emissions and strategize on climate change risk management, BusinessMirror reports.

About the author

  • Tarra Quismundo

    Tarra Quismundo joined Devex Manila as a staff writer in October 2009 after more than six years of working as a reporter for the Philippine Daily Inquirer, a nationwide daily, for which she covered major breaking news in politics, military, police and international affairs. Tarra's Devex News coverage focuses on key Asian donors and top aid officials around the globe.