Climate risk country profile: Colombia – Colombia


FOREWORD

Climate change is a major risk to good development results, and the World Bank Group is committed to playing an important role in helping countries to mainstream climate action into their basic development programs. The World Bank Group is committed to helping client countries invest and build a low-carbon, climate-resilient future, helping them better prepare to adapt to current and future climate impacts.

The World Bank Group invests in the integration and systematic management of climate risks in development operations through its individual corporate commitments.

A key aspect of the World Bank Group Adaptation and Resilience Action Plan (2019) is to help countries move from adaptation as an additional cost and isolated investment to the systematic integration of climate risks and opportunities at every phase of policy planning, investment design, implementation. and evaluation of development results. For all IDA and IBRD operations, reviewing climate and disaster risk is one of the mandatory climate commitments for companies. This is supported by the Bank Group Climate and Disaster Risk Scanning Tool which enables all Bank staff to assess short and long term climate and disaster risks in operations and processes. national or sectoral planning. This screening tool pulls up-to-date and relevant information from the World Bank’s Climate Change Knowledge Portal, a comprehensive online ‘one-stop-shop’ for global, regional and national data related to climate change and development.

Recognizing the value of consistent and easy-to-use technical resources for client countries as well as to support the respective internal processes of climate risk assessment and adaptation planning, the Climate Change Group of the World Bank Group has developed this content. Standardization and pooling of expertise enables the World Bank Group to carry out initial assessments of climate risks and opportunities in all sectors of a country, within institutional portfolios in all regions, and act as a global resource for development practitioners.

For developing countries, climate risk profiles are intended to serve as public goods to facilitate upstream national diagnostics, policy dialogue and strategic planning by providing comprehensive overviews of trends and projected changes in key climate parameters, sector implications, relevant policies and programs. , adaptation priorities and opportunities for future action.

I hope that these efforts will stimulate the deepening of long-term risk management in developing countries and our commitment to support climate change adaptation planning at operational levels.

Bernice Van Bronkhorst

Global Director

Climate Change Group (GCC)

The World Bank Group (WBG)


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