Global environmental challenges
As the special envoy on climate change for the World Bank, Andrew Steer might be thought of as the $6 billion man of environmental finance. He oversees more than that amount for projects to fight the effects of global warming.
“More funds flow through us to help adaptation and mitigation than anyone else,” Steer said in a conversation at the bank’s Washington headquarters. Named to the newly created position in June, Steer said one of his priorities is to marshall more than $6 billion in the organization’s Climate Investment Funds to move from smaller pilot projects to large-scale efforts.
While the World Bank is not a party to global climate talks set for Cancun, Mexico, later this year, it is deeply engaged in this issue, Steer said. Acknowledging that an international agreement on climate change is a long shot this year, he said there are still opportunities to make changes to cut the greenhouse gas emissions that spur climate change.
“We do see there are opportunities,” Steer said. “The mistake would be if it’s sort of all or nothing.” The bank is strongly supporting action to limit deforestation, offer quick financing to start climate projects and reform carbon markets to extend them to countries that have been left out so far.
When the United States and Mexico talk of cooperation over their shared border, that usually means working to stamp out drug trafficking and gun running. But this week the two neighbors put their shoulders behind a gentler effort: safeguarding a unique area of wilderness straddling the Rio Grande River.
U.S. Secretary of the Interior Ken Salazar and Mexico’s Environment and Natural Resources Minister Juan Elvira on Tuesday announced a plan to enhance conservation in the area around Big Bend, in Texas, and El Carmen in the northern Mexican states of Chihuahua and Coahuila.