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World Bank Cuts Outlook
2016-06-07 21:23:00| Happi Breaking News
Pope, World Bank and Google demand tougher climate policies
2016-04-21 18:23:00| Climate Ark Climate Change & Global Warming Newsfeed
Climate Home: Brace yourselves for an avalanche of climate change warnings, pledges and projections. Every asset at the disposal of the UN and wider international community is being deployed to underline the need for urgent action to slash carbon emissions. As a feat of coordination its impressive. On Thursday the World Bank, IMF and OECD coalesced around a challenge to price 50% of carbon emissions by 2050. That initiative was backed by the leaders of six countries: Germany, France, Canada, Chile, Ethiopia...
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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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World Bank, Bank of England urge speed on climate
2016-04-15 11:49:00| Climate Ark Climate Change & Global Warming Newsfeed
Climate Home: Mark Carney and Jim Kim warn window of opportunity to reduce emissions is closing, call for greater transparency on climate risk from big business Waiting for the Paris Agreement to solve climate change is not an option, the heads of the Bank of England and World Bank told finance leaders in Washington on Thursday. Speaking on the sidelines of the IMF/World Bank Spring meeting, Mark Carney and Jim Kim painted a bleak picture of the level of global climate risk awareness. Only a third of...
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World Bank to shift focus to climate change
2016-04-11 06:34:00| Climate Ark Climate Change & Global Warming Newsfeed
United Press International: The World Bank announced Thursday it is making a "fundamental shift" away from financing efforts to ease global poverty, towards tackling climate change. The group, which provides financial assistance to the developing world, said all future spending under its new Climate Change Action Plan would be respectful of the environment and specifically 28 percent of new investments will fund projects that fight climate change. The Climate Change Action Plan spells out the organization's actions to...
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