Jim Kim: World Bank to spend $29 billion annually on climate by 2020

Jim Kim Lima World Bank Group President Jim Yong Kim signals that those working on environmental projects are about to enjoy their moment in the sun.

His annoucement about a major increase in the Bank Group’s financing to help countries combat climate change by building low carbon and resilient development is likely to boost support for projects related to  renewable energy and energy efficiency, climate-smart transport solutions, resilient cities, the restoration of degraded forests and landscapes, enhanced water security, and agricultural practices.

Read full article here

World Bank Press release : http://goo.gl/P4mdKD