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Climate change real economic risk: World Bank

Published on Feb 16, 2013 7:18 PM
 
World Bank President Jim Yong Kim (left) speaks with International Monetary Fund chief Christine Lagarde during a meeting of G20 representatives on Feb 15, 2013. Mr Kim warned finance chiefs of the world's leading economic powers that global warming is a real risk to the planet and already affecting the world economy in unprecedented ways. -- PHOTO: REUTERS

MOSCOW (AFP) - The president of the World Bank warned finance chiefs of the world's leading economic powers that global warming is a real risk to the planet and already affecting the world economy in unprecedented ways.

Adressing the Group of 20 finance ministers at their meeting in Moscow, Mr Jim Yong Kim called on the world powers to "tackle the serious challenges presented by climate change."

"These are not just risks. They represent real consequences," he said, calling the lack of attention to the issue by finance ministers and central bank chiefs "a mistake".

He said failing to tackle the challenges of climate change risked having "serious consequences for the economic outlook".

 
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