Working towards climate-smart development

Climate change is taking place, and in many parts of the world at a pace that contributes to more frequent and intense extreme weather phenomena. The way we organize our society, and make use of natural resources, affects the earth's ecosystems. The effects of climate change are not just environmental: They affect all aspects of human activity, including tourism infrastructure, agricultural production, people's health and, in the long run, political stability and migration.

Maintaining unsustainable production and consumption patterns that are depleting our natural resources and causing climate change is no longer an option.

The big challenge is to design and implement climate-smart development policies. It is a challenge for all countries, whether poor or rich, and it creates opportunities for business. Investing in climate is to invest in economic development and...