World Bank Group Announces $200 billion over Five Years for Climate Action

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

Washington DC – 3 December, 2018 —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.

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eC2: Building the Capacity of Water Supply Service Providers in Disaster Risk Management and Climate Adaptation

Deadline: 15-Nov-2018 at 11:59:59 PM (Eastern Time – Washington D.C.)

This consultancy services is to provide advisory services and technical inputs to increase indonesiaawareness and capacity of relevant Government of Indonesia line agencies in developing DRM and climate adaptation plans for water supply infrastructure, particularly to address seismic and hydro-meteorological (floods, droughts and landslides) risks. The key objectives are to: (i) develop a technical report that outlines guidance on how to address DRM and climate adaptation aspects in water supply infrastructure; (ii) develop a set of technical guidelines and standard operating procedures that will assist PDAMs to prepare DRM and climate adaptation plans; and (iii) provide technical assistance to AKATIRTA and/or MPWH’s Balai Teknik Air Minum (BTAM) to increase their capacity in delivering trainings and education programs in the design and operation of resilient water and sanitation infrastructure.

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Annual Meetings 2018 LIVE EVENT: Investing in a Climate-Adapted World

Attend the LIVE EVENT Investing in a Climate-Adapted World at Annual Meetings 2018 Online and join in on the discussion.

October 12, 2018 | 16:15 WITA (Bali. Indonesia)
October 12, 2018 | 4:15 ET
October 12, 2018 | 8:15 GMT

Follow the event on Twitter #Invest4Adaptation and join the discussion.

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eC2: Strengthening Natural Hazard Resilience in Yemen’s Major Cities

Deadline: 14-Aug-2018 at 11:59:59 PM (Eastern Time – Washington D.C.)

The World Bank will carry out a multi-hazard assessment in Sanaa, Aden and 2286002741_fdde7127e5_bHodeidah. These cities are exposed to hazards such as coastal and urban floods, seismic activity, tsunamis, volcanoes and water scarcity.
The consultancy will develop hazard maps, assessing individual hazards and their interdependence. The assessment will provide spatial insight into the hazards footprints in the form of fully licensed, GIS compatible datasets. It will gauge the exposure of each of the cities to hazard risks, considering their location, attributes, and when possible vulnerabilities and the value of their assets.

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World Bank Group Exceeds its Climate Finance Target with Record Year

Fiscal Year 2018 sets record with $20.5 billion in finance for country-level climate action

WASHINGTON, July 19, 2018 – The World Bank Group announced today that in fiscal appyear 2018, 32.1 percent of its financing had climate co-benefits – already exceeding the target set in 2015 that 28 percent of its lending volume would be climate-related by 2020. This amounted to a record-setting $20.5 billion in climate-related finance delivered in the last fiscal year – the result of an institution-wide effort to mainstream climate considerations into all development projects.

The 28 percent target was a key goal of the Bank Group’s Climate Change Action Plan, adopted in April 2016, and was designed to support countries to deliver on their national goals under the Paris Agreement on climate change.

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Climate-related projects 2017 of the Worldbank

In FY2017, the WBG provided over $12 billion in financing for climate-related projects. Some results from our work include:

Cities:

  • In Vietnam, the World Bank has assisted the city of Can Tho to become more climate resilient and promote sustainable urbanization and transport corridors. An investment of US$ 250 million from the Bank and US$ 10 million from the Swiss Development Agency (SECO) is implemented across six development sectors to increase the city’s physical, financial and social resilience to adverse events. One of the activities involves combining a transport link and an embankment, which has multiple benefits including reducing water displacement and flooding in the Mekong Delta.climate

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Heads of UN and World Bank Announce Initiative to Ramp Up Finance for Climate Action

NEW YORK, September 20, 2017 – United Nations Secretary General António Guterres World Bank buildingand World Bank Group President Jim Yong Kim today announced plans to accelerate the flow of finance for climate action through a new platform dedicated to identifying and facilitating transformational investments in developing countries.

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The Future of Climate Finance – Find Out What’s Happening at “Innovate4Climate Finance and Markets Week”

STORY HIGHLIGHTSInnovate4Climate

  • The first “Innovate4Climate Finance and Markets Week” will take place at the Palau de Congressos de Barcelona, from May 22 to 25
  • For the first time, high-level government representatives and leaders from finance and business will meet to discuss the shape of the next generation of climate finance
  • The event has been organized with the support of the governments of Spain and Germany, and with the collaboration of FIRA Barcelona, the World Bank Group, IETA and Climate Action

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Three New Ways to Help Cities Reach Their Climate Goals

Article published on http://www.worldbank.org on November 28, 2016.
STORY HIGHLIGHTS
  • With the Paris climate agreement in full force, countries around the world must now get down to the serious business of addressing climate change.
  • Cities – responsible for two-thirds of the world’s greenhouse gas emissions and 70 percent of energy consumption – are on the front lines.
  • At COP 22, the Bank highlighted three of its newest tools to help cities meet climate challenges.

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Breaking the Link Between Extreme Weather and Extreme Poverty

STORY HIGHLIGHTS
  • Because natural disasters tighten poverty’s grip on communities worldwide, disaster risk reduction goes hand in hand with poverty reduction, and vice versa
  • A new World Bank report finds the impact of extreme weather on poverty is more devastating than previously understood, responsible for annual consumption losses of $520 billion and pushing 26 million people into poverty every year
  • Targeted resilience-building interventions protect poor people from adverse weather events and can help countries and communities save $100 billion a year

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