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World Bank Zeros In On Climate Change With $16B Annual Budget

2016-04-19 13:05:00| Climate Ark Climate Change & Global Warming Newsfeed

Yale Environment 360: The World Bank, the biggest provider of loans to developing countries, announced it will dedicate 28 percent of its financial investments to confronting climate change. This amounts to approximately $16 billion a year for energy efficiency, renewable energy, and climate resiliency projects. In addition to its own financing, the World Bank said it would work to mobilize $25 billion in commercial funding for clean energy over the next five years. If we dont act, climate change threatens to drive...

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