Rio+20: The economic case for climate services

Rio+20 (15/06/2012) –Jarl Krausing from the World Bank says there is a strong economic argument to invest in climate services in countries around the world where huge gaps exist in the abilities at national, regional and community level to access forecasts and projections needed to sensibly manage livelihoods and also to protect the assets and investments being made in those countries.

The World Bank understands that 40% of their portfolio is exposed to climate change risks and that in areas across Eastern Europe and Central Asia for example they see a return on their investment in climate forecasting projects.