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Stop funding fossil fuel projects, World Bank urged
2015-11-08 15:48:00| Climate Ark Climate Change & Global Warming Newsfeed
OneWorld: The World Bank is right to highlight the connection between poverty and climate change but needs to practice what it preaches and stop funding fossil fuel projects around the globe, says Christian Aid. Responding to Sunday's publication of the bank's new report, Shock Waves: Managing the Impacts of Climate Change on Poverty Christian Aid's Senior Climate Advisor, Mohamed Adow, said: "It is good to see the World Bank underlining the clear connection between climate change and how it fuels poverty....
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Reduction In Gas Flaring Earns Cat Customer A World Bank Excellence Award
2015-11-03 01:58:48| oilandgasonline Home Page
By capturing, using and selling flare gas that otherwise would be released into the environment, Hess Corporation is reinforcing its commitment to sustainable operations—and the World Bank is taking notice.
World Bank to help Syria's neighbours
2015-10-15 23:05:52| BBC News | Business | UK Edition
The World Bank is trying to put together a package of financial assistance for countries hosting refugees from Syria.
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World Bank pledges $29bn green aid; Morocco hosts EU climate summit
2015-10-11 22:23:00| Climate Ark Climate Change & Global Warming Newsfeed
Climate Home: Late Friday the World Bank announced was boosting its climate finance offering from 21% up to 28% of the groups funding -- with support of its members (188 countries). The pledge means funds could potentially rise from a projected $16 billion in 2020 to $29 billion, and also means theres also progress towards generating $100 billion a year by 2020 to help poor countries cope with future impacts. We are committed to scaling up our support for developing countries to battle climate change,...
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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