• Gustavo Bernal Torres

World Bank Group Increases Support for Climate Action in Developing Countries

World Bank Group Climate Change Action Plan aims to deliver record levels of finance over 5 years to help countries reduce the trajectory of emissions and strengthen adaptation.

  • World Bank Group financing, diagnostics and advice will help the largest emitters flatten the emissions curve. These will also help countries achieve successful adaptation and resilience to climate change, while preserving jobs and improving livelihoods.

  • The World Bank Group now accounts for over half of multilateral climate finance to developing countries, and two-thirds of adaptation finance. We are increasing climate finance and focusing on meaningful results — greenhouse gas reduction and successful adaptation to climate change.

Source: https://www.worldbank.org/en/news/press-release/2021/06/22/world-bank-group-increases-support-for-climate-action-in-developing-countries

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