Tag Archives: Climate Targets

The World Bank Group Exceeds 2020 Climate Targets for the Second Year in a Row: Here’s How It Was Done

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STORY HIGHLIGHTS Cobenefits3

  • In fiscal year 2019, the World Bank Group committed nearly $17.8 billion to climate-related investments, surpassing current targets for the second year in a row.
  • Three country snapshots illustrate some of the ways climate change considerations were integrated in the project design: building climate resiliency into transportation systems in Sierra Leone; improving irrigation to address food security in Pakistan; and mitigating flood risk in Vietnam’s urban infrastructure.
  • Going forward, the World Bank Group will invest and mobilize $200 billion in climate-related financing from 2021-2025, doubling what we did in the last five years and significantly ramping up support for adaptation.

COP24 Kicks off in Katowice next Week: Here’s What You Need to Know

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STORY HIGHLIGHTSuntitled

  • The 2018 UN Climate Change Conference of Parties (COP) will take place at the International Congress Centre in Katowice, Poland, from December 3 to 15.
  • The priority outcome from negotiations at COP24 will be the finalization of the “Paris rulebook”, namely, the framework of rules that will guide the implementation of the Paris Agreement.
  • The World Bank Group will announce new climate targets for 2025, including a major boost on adaptation, as well as analytical work on new mobility, transport, the energy sector, and the just transition, focusing on delivering low carbon pathways to development.

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