World Bank Calls for Emerging Europe and Central Asia to move from 'Brown' to 'Green' Growth

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The World Bank

BRUSSELS, June 25, 2013—The economic costs and social impacts of climate change threaten the prosperity of the Europe and Central Asia region. But well-designed climate action can bring numerous benefits, while also being cost-effective. A set of three World Bank reports launched today in Brussels with the European Commission focus on the ‘here and now’ of policies to fight climate change.

In 2010, a heat wave in Russia may have contributed to more than 50,000 deaths. In 2012, droughts destroyed over 50 percent of crops in Kazakhstan, 25 percent in Russia, and 20 percent in Ukraine. These weather events have been linked to climate change and are expected to occur more frequently in the future.

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