STORY HIGHLIGHTS
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World Bank Group Exceeds 2020 Climate Finance Target for 3rd Consecutive Year – $21.4 Billion in Funding for Climate Action
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Tag Archives: Climate action
related investments, surpassing its climate-finance target for the third year in a row.Human capital and climate action: Outcomes that deliver for people and planet
There is now a wealth of evidence that ensuring a well-educated, healthy, and well-
nourished population can pay bigger dividends to the economy than investing in roads and bridges alone. The World Bank Group’s Human Capital Project, launched in 2018, aims to accelerate more and better investments in people as a key way to unlock greater equity and inclusive growth.
Developing countries want more action on climate: The World Bank is stepping up
By Axel van Trotsenburg, World Bank Managing
Director of Operations
Director of Operations
I have read the many reports that summarize the dire state of the climate and our planet’s worsening prospects. I know the hard statistics docum
enting rising temperatures, the increasing intensity of natural disasters and warmer seas. I have been meeting with representatives from developing countries who have one request:
In Small Island States, Resilient Transport is Providing a Lifeline Against Disasters
STORY HIGHLIGHTS
- Due to their size and location, Small Island Developing States (SIDS) are particularly
vulnerable to climate risk.
- When disaster strikes, damage to transport systems typically makes up a large share of overall losses, and is often one of the main obstacles to recovery.
- The World Bank is answering the call with unprecedented support to the transport sector in small island states. A total of eight transport projects have been approved in SIDS over the last year, all of which include a resilience component.
World Bank Group Announces $200 billion over Five Years for Climate Action
Funding for 2021-2025 includes a significant boost for adaptation and resilience 
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.
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 
awareness 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.
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.
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 
Hodeidah. 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.
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 
year 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.
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.
