Tag Archives: Climate Finance

World Bank Group Delivers Record $31.7 Billion in Climate Finance in Fiscal Year 2022

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Financing focuses on helping countries reduce GHG emissions and adapt to mounting impacts of climate change

WASHINGTON, September 7, 2022 – The World Bank Group delivered a record $31.7 billion in fiscal year 2022 (FY22) to help countries address climate change. This is a 19% increase from the $26.6 billion all-time high in financing reached in the previous fiscal year. The Bank Group continues to be the largest multilateral financier of climate action in developing countries.

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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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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.
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Climate Finance Helps People Adapt to Change

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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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