World Bank Resilience Report

The World Bank, in its November 18 report Building Resilience: Integrating Climate and Disaster Risk into Development, said development efforts should consider climate change risks. It advocated for long-term resilience investment and recognized that these investments sometimes require substantial startup costs. However, it said the resilience efforts pay off in the long run.

IEA Multilateral Cooperation Framework Released

The International Energy Agency held its ministerial meeting November 19 and 20, and the meeting resulted in an agreement between the agency and six countries to create a multilateral cooperation framework. China, Brazil, India, Indonesia, South Africa, and Russia would be allowed under the agreement to fully participate in agency meetings. The agreement also expressed support for four energy policies including energy efficiency targets and highly efficient coal-fired power plants.