NDF - Financing for climate change and development projects

NDF and World Bank initiative launched at WHO health and climate conference

Picture (from left): James Close, ‎Climate Group Director of Policy and Finance, World Bank; Martina Jägerhorn, Country Program Manager, NDF; Pasi Hellman, Managing Director, NDF; Timothy Bouley, ‎Global Health and Environmental Specialist, World Bank and Sameer Akbar, Senior Environmental Specialist, World Bank.

The cooperation aims at developing an approach where the potential impacts of climate change on health are systematically and in a cross-sectoral manner reflected in development operations.

NDF and the World Bank announced their plan to cooperate in the area of climate and health. Dr. Jim Yong Kim, President of the World Bank Group, referred to the need to cooperate in this work with NDF, and others, in the statement that he gave for the WHO Health and Climate conference. 

Climate change impacts impose undeniable burdens on economic development by causing significant damage to agriculture, water resources, ecosystems, infrastructure, and human health. There is evidence that climate change risks have a significant impact on health outcomes in developing countries, and that this adds to the burden of traditional health hazards, such as lack of safe water and sanitation, indoor air pollution, and exposure to disease vectors.

“It suits well for NDF to take part in this type of an effort that addresses innovatively how to support health-promoting climate change policies. The outcome of this work is catalytic for climate and health investments, and thereby benefits the World Bank, NDF, other development banks and agencies as well as other climate change financiers” stated Pasi Hellman, Managing Director of NDF.

The initiative was announced at the first-ever Climate and Health Summit convened by the World Health Organization (WHO) in Geneva on 27 August. The conference, which continues until Friday 29 August, has brought together 400 policy-makers and experts, including from ministries of health, development finance organizations, and a diverse range of public and private stakeholders. It is foreseen that also WHO will play an important role in the NDF - World Bank initiative.