Climate risk country profile: Colombia – Colombia

FOREWORD

Climate change is a major risk to good development outcomes, and the World Bank Group is committed to playing an important role in helping countries integrate climate action into their core development agendas. The World Bank Group is committed to supporting client countries to invest in and build a low-carbon, climate-resilient future, helping them to be better prepared to adapt to current and future climate impacts.

The World Bank Group is investing in incorporating and systematically managing climate risks in development operations through its individual corporate commitments.

A key aspect of the World Bank Group’s Action Plan on Adaptation and Resilience (2019) is to help countries shift from addressing adaptation as an incremental cost and isolated investment to systematically incorporating climate risks and opportunities at every phase of policy planning, investment design, implementation and evaluation of development outcomes. For all IDA and IBRD operations, climate and disaster risk screening is one of the mandatory corporate climate commitments. This is supported by the Bank Group’s Climate and Disaster Risk Screening Tool which enables all Bank staff to assess short- and long-term climate and disaster risks in operations and national or sectoral planning processes. This screening tool draws 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 country data related to climate change and development.

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

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

It is my hope that these efforts will spur deepening of long-term risk management in developing countries and our engagement in supporting climate change adaptation planning at operational levels.

Bernice Van Bronkhorst

Global Director

Climate Change Group (CCG)

The World Bank Group (WBG)