World Bank to strengthen focus on climate change

That report warned of "cataclysmic changes" resulting from heat waves, rising sea levels, decreased food supplies and a possible 4-degree Celsius temperature increase this century.

Kim said climate change would get a sharper focus as the World Bank becomes more selective about the programs it pursues.

The bank is helping finance renewable energy projects, assisting with climate change mitigation plans and awarding funds to discourage deforestation and to reduce greenhouse gas emissions.

The financial lender also wants to pitch in on a "master plan" to avoid temperature increases and rising sea levels, Kim said.