Apparently Hurricane Sandy has finally got the attention of the world's One Percents judging by their recently released "New Report Examines Risks of 4 Degree Hotter World by End of Century".
Although they don't offer much in the way of new recommendations, at least they recognize that global warming is definitely man-made.
The report states that the science is unequivocal that humans are the cause of global warming, and major changes are already being observed. The global mean temperature has continued to increase and is now about 0.8°C above pre-industrial levels.However, as this perceptive author points out, there is a bit of a contradiction in the World Bank's actions:
Environmental laws are frequently the target of corporate assaults under free-trade rules, and the most frequent initiators of these assaults are energy and chemical corporations. Tribunals controlled by the World Bank or other institutions that promote corporate globalization ensure that environmental, labor and other legal protections are eviscerated, thereby accelerating the destructive activities that fuel global warming.