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World Bank hikes aid to poor nations fighting global warming

2016-04-07 16:00:00| Climate Ark Climate Change & Global Warming Newsfeed

Associated Press: The World Bank is boosting spending to help poorer countries battle global warming and power 150 million homes with renewable energy. The bank released a 59-page climate action plan Thursday designed to help less developed nations meet global warming goals they set last December in Paris. The private-sector arm of the international financial organization plans to increase its $2.3 billion-a-year spending on fighting climate change to $3.5 billion a year by 2020. Officials hope to spur $13 billion...

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