World Bank Group Exceeds 2020 Climate Finance Target for 3rd Consecutive Year – $21.4 Billion in Funding for Climate Action

STORY HIGHLIGHTS

  • In fiscal year 2020, the World Bank Group allocated nearly $21.4 billion to climate-climate-finance-2020-collagerelated investments, surpassing its climate-finance target for the third year in a row.
  • Bank Group climate finance exceeded $83 billion over the 5 years that the first Climate Change Action Plan (2016-2020) was in effect.
  • Three country snapshots illustrate ways in which climate change considerations were integrated into projects in Malawi, Bangladesh and Tunisia.

Climate Finance Helps People Adapt to Change

STORY HIGHLIGHTS Shrimp pond in Vietnam

  • With tailored solutions, World Bank Group is helping countries confront the economic and environmental impacts of climate change.
  • A growing number of countries have established social safety nets to protect the vulnerable, while climate-smart agriculture projects address the interlinked challenges of food security and climate change.
  • Investing in job creation and livelihoods, both in the short term and the longer term, will be a priority for a sustainable recovery from the pandemic.

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