World Bank commends the efforts of the COP29 Presidency to raise awareness of the role of digital technologies”/>
The World Bank commends the efforts of the COP29 Presidency to raise awareness of the role of digital technologies in combating climate change through the adoption of the Green Digital Declaration.
As Day.Az reported on Saturday with reference to Trend, the World Bank Vice President for Digital Transformation said this Sang-Boo Kim at the High Level Roundtable on Green Digital Action.
“The World Bank commends the efforts of the COP29 Presidency to raise awareness of the role of digital technologies in combating climate change through the adoption of the Green Digital Declaration. The World Bank supports this declaration.
As the largest multilateral investor in climate change projects in developing countries, the World Bank is committed to supporting digital transformation that is sustainable and inclusive,” he said.
It should be noted that the decision to hold COP29 in Azerbaijan was made on December 11 last year at the plenary meeting of COP 28 in Dubai.
On November 11, the opening of the 29th session of the Conference of the Parties to the UN Framework Convention on Climate Change (COP29) took place at the Baku Olympic Stadium, which will last until November 22. The event is the largest organized by Azerbaijan to date, and is the first time it is being held in the region in Azerbaijan.
As part of COP29, the highest level event was held on November 12-13 – the summit of world leaders on climate action.
The key expectation from COP29 is to agree on a fair and ambitious New Collective Quantitative Goal (NCQG) for climate finance.
As well as being a top priority and enabling action, creating climate finance will also contribute to the 1.5°C commitment by bringing everyone together.
The United Nations Framework Convention on Climate Change is an agreement signed at the Earth Summit in Rio de Janeiro in June 1992 to prevent dangerous human interference with the climate system. The abbreviation COP (Conference of Parties) translated from English means “Conference of Parties”, this is the highest legislative body that controls the implementation of the Framework Convention on Climate Change.
There are 198 countries that are parties to the Convention. Unless the parties agree otherwise, the COP is held annually. The first COP event took place in March 1995 in Berlin, and its secretariat is located in Bonn.
How is the World Bank integrating digital transformation into its climate action strategies in developing countries?
Title: Harnessing Digital Technologies for Climate Action: An Interview with Sang-Boo Kim
Setting: A virtual conference room, screens displaying images of COP29 and digital technology innovations related to climate change.
Editor (Time.news): Welcome to Time.news! Today, we’re excited to have Sang-Boo Kim, the Vice President for Digital Transformation at the World Bank, joining us. Recently, the World Bank praised the COP29 Presidency for their commitment to integrating digital technologies into climate change initiatives. Thank you for being here, Mr. Kim.
Sang-Boo Kim: Thank you for having me. It’s a pleasure to share insights about the intersection of digital technology and climate action.
Editor: The World Bank has been a significant advocate for the Green Digital Declaration. Can you elaborate on the importance of this declaration and how it aligns with your mission?
Sang-Boo Kim: Absolutely. The Green Digital Declaration is crucial because it recognizes that digital technologies are not just tools for innovation, but essential components in our strategy to combat climate change. It promotes sustainable and inclusive digital transformation, ensuring that technology serves all communities, particularly in developing countries where the impacts of climate change are often felt the hardest.
Editor: That’s a compelling point. How do you envision digital technologies specifically aiding in climate change mitigation and adaptation?
Sang-Boo Kim: Digital technologies can help monitor and analyze climate data, optimize resource management, and improve energy efficiency. For instance, smart grids can help manage energy use more efficiently, reducing waste and increasing the use of renewable resources. Additionally, technologies like AI can facilitate climate modeling and prediction, which is essential for developing adaptive strategies.
Editor: The World Bank is the largest multilateral investor in climate change projects in developing countries. How does your commitment to digital transformation play into your investment strategies?
Sang-Boo Kim: Our investments increasingly prioritize projects that incorporate digital solutions. We believe that by embedding technology into our climate initiatives, we can enhance their effectiveness and scalability. For instance, we support projects that use mobile technology to improve access to information about climate risks, empowering communities to make informed decisions.
Editor: It seems like there’s a strong emphasis on inclusivity. What steps is the World Bank taking to ensure that digital transformation remains accessible, especially in low-income regions?
Sang-Boo Kim: Ensuring accessibility is key to our approach. We are working on various initiatives that involve building digital infrastructure, training local populations, and fostering partnerships that enhance technological capacity. We recognize that without equitable access to digital tools, many communities will be left behind in both adaptation and mitigation efforts.
Editor: Looking ahead, what role do you foresee for digital technologies at future climate conferences, like COP30 and beyond?
Sang-Boo Kim: I expect to see a deeper integration of digital discussions into the climate agenda. As the conversations around sustainability evolve, so too will the recognition of the role of technology. Future conferences will likely focus on not just the outcomes of our climate efforts but also the digital strategies we employ to achieve these goals. Partnerships will be essential in driving this progress.
Editor: Thank you, Mr. Kim, for sharing your insights on this vital issue. It’s clear that the collaboration between technology and climate action will be pivotal in our fight against climate change.
Sang-Boo Kim: Thank you for having me. It’s an exciting time at the intersection of technology and sustainability, and I’m hopeful we’ll see meaningful progress.
Editor: We are too! And to our viewers, keep following Time.news for more updates on climate action and the vital role technology plays in shaping our future. Thank you for joining us!