World Bank Group Announces $50 billion over Five Years for Climate Adaptation and Resilience

WASHINGTON, January 15, 2019 – The World Bank Group today launched its Action global-warming-climate-change-tree_1big_stock2Plan on Climate Change Adaptation and Resilience. Under the plan, the World Bank Group will ramp up direct adaptation climate finance to reach $50 billion over FY21–25. This financing level—an average of $10 billion a year—is more than double what was achieved during FY15-18. The World Bank Group will also pilot new approaches to increasing private finance for adaptation and resilience.

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