World Bank: Climate Change a Threat

    In this Sept. 23, 2009 photo, a riverside view of Ho Chi Minh city center that is located along the Saigon River in Vietnam is shown. Sea levels rising because of global warming, along with increased storminess as the climate changes, will expose tens of millions of people in the world's port cities to coastal flooding, says a report by the Organization for Economic Cooperation and Development. (AP Photo/Le Quang Nhat)

    Le Quang Nhat/AP

    The World Bank is concerned about the effects of global warming and not in a distant-future sort of way. It believes climate change poses short-term risks and has begun dedicating billions of dollars to water management, flood prevention, and other projects to help “hotspots” like Bangkok, Jakarta, and Ho Chi Minh City, Vietnam, where the threat of damage from climate change is exceptionally high. According to a new study released by the bank Wednesday, Ho Chi Minh City’s flood-control system, for example, is considered outdated and in need of a $2 billion makeover. It “was built for a scenario that no longer exists,” said the bank’s vice president for environmental and sustainable development. “The investment they made was obsolete.” The World Bank’s new spending initiative hopes to remedy other such systems in various hotspots that could become dangerous in the next 20 years or so.

    Read it at The Washington Post