Jim Kim: World Bank to spend $29 billion annually on climate by 2020

Jim Kim Lima World Bank Group President Jim Yong Kim signals that those working on environmental projects are about to enjoy their moment in the sun.

His annoucement about a major increase in the Bank Group’s financing to help countries combat climate change by building low carbon and resilient development is likely to boost support for projects related to  renewable energy and energy efficiency, climate-smart transport solutions, resilient cities, the restoration of degraded forests and landscapes, enhanced water security, and agricultural practices.
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AM15 event: Unleashing Private Investment in Renewable Energy

Annual Meeting 2015 event
Lima2015

Date: Friday, October 9, 2015
Time: 11:00 a.m. – 12:30 p.m. (Peru) / 12:00 p.m. – 1:30 p.m. (ET) / 16:00 – 17:30 (GMT) or convert time
Location: Pachacamac Room, Lima Convention Center, Lima, Peru & Online

Taking action to scale-up private sector investment in clean energy is crucial to ensuring power for growing economies, securing sustainable livelihoods, and addressing climate change and greenhouse gas emissions.

What solutions already exist and what needs to be done to stimulate further private sector investment in renewable energy? Continue reading