Jim Yong Kim: Make 2014 the turning point on climate

Jim Yong Kim calls for 2014 to be a turning point for climate action, urging governments to implement carbon pricing and phase out $1.9 trillion in fossil fuel subsidies. He advocates for financial regulators to enforce climate risk disclosure and proposes doubling the green bond market to $20 billion by September 2014 and $50 billion by the Paris meeting to drive investment toward clean growth.

• Governments should implement a price on carbon using taxes or market-based instruments and establish performance standards for transport systems, cars, appliances, and buildings to shift investment toward cleaner growth.
• The $1.9 trillion currently spent on harmful fossil fuel subsidies should be phased out and redirected to support clean growth investments.
• Financial regulators must address systemic risks from carbon-intensive activities by requiring companies and financial institutions to disclose their exposure to climate-related impacts.
• There is a specific target to expand the green bond market to $20 billion by the September summit and at least $50 billion by the Paris meeting.

APA

Kim, J. Y. (2014). Jim Yong Kim: Make 2014 the turning point on climate. World Economic Forum. https://www.weforum.org/stories/climate-action/climate-call-action-make-2014-turning-point/

Chicago

Kim, Jim Yong. Jim Yong Kim: Make 2014 the turning point on climate. World Economic Forum, 2014. https://www.weforum.org/stories/climate-action/climate-call-action-make-2014-turning-point/.

Wikipedia

{{cite press release |last1=Kim |first1=Jim Yong |title=Jim Yong Kim: Make 2014 the turning point on climate |publisher=World Economic Forum |date=25 January 2014 |url=https://www.weforum.org/stories/climate-action/climate-call-action-make-2014-turning-point/ |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@misc{kim2014jim, author = {Kim, Jim Yong}, title = {{Jim Yong Kim: Make 2014 the turning point on climate}}, publisher = {World Economic Forum}, year = {2014}, month = jan, url = {https://www.weforum.org/stories/climate-action/climate-call-action-make-2014-turning-point/}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }