World Bank Announces Doubling its Investments in Climate Action

Funding for 2021-2025 includes a significant boost for adaptation and resilience

The World Bank Group today announced a major new set of climate targets for 2021-2025, doubling its current 5-year investments to around $200 billion in support for countries to take ambitious climate action. The new plan significantly boosts support for adaptation and resilience, recognizing mounting climate change impacts on lives and livelihoods, especially in the world’s poorest countries. The plan also represents significantly ramped up ambition from the World Bank Group, sending an important signal to the wider global community to do the same.  “Climate change is an existential threat to the world’s poorest and most vulnerable. These new targets demonstrate... ... More: Official Press Release World Bank

Keywords:

World Bank Group, investment, money, climate action, developing countries, climate change, protection, measurement