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World Bank pledges extra $29bn to poorer nations for climate change fight

2015-10-10 07:34:00| Climate Ark Climate Change & Global Warming Newsfeed

Guardian: The World Bank has pledged to boost by up to $29bn the financial assistance pledged to poorer nations to cope with climate change, bringing closer the possibility of reaching a target of $100bn a year by 2020. Jim Yong Kim, the president of the World Bank Group, said it could boost funding by a third, from 21% to 28%, in response to client demand. He spoke at a meeting of the World Bank and the IMF in Lima, Peru. As we move closer to Paris countries have identified trillions of dollars of climate-related...

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