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The World Bank said in December it will deploy 45% of its annual financing to climate change adaptation and mitigation by 2025. In the Pacific Islands, that goal has already been reached, he said.
This is a list of climate change initiatives of international, national, regional, and local political initiatives to take action on climate change (global warming). A Climate Action Plan (CAP) is a set of strategies intended to guide efforts for climate change mitigation. [1]
The bank is engaged in several global partnerships and initiatives, and takes a role in working toward addressing climate change. The World Bank hosts an Open Knowledge Repository for its publications. In 2020, the World Bank's total commitments amounted to USD 77.1 billion, it had 12,300 full-time staff, and it operated in 145 countries. [5]
As of 2021 the remaining carbon budget for a 50-50 chance of staying below 1.5 degrees of warming is 460 bn tonnes of CO 2 or 11 + 1 ⁄ 2 years at 2020 emission rates. [13] Global average greenhouse gas per person per year in the late 2010s was about 7 tonnes [14] – including 0.7 tonnes CO 2 eq food, 1.1 tonnes from the home, and 0.8 tonnes from transport. [15]
There was no shortage of stressors to the global economy when Ajay Banga took charge at the World Bank almost a year ago: inflation eating at nations drowning in debt, a once-in-a-generation ...
In 2010, the World Bank estimated that in 2012, the largest potential for production of CERs would be from China (52% of total CERs) and India (16%) (World Bank, 2010, p. 262). [26] CERs produced in Latin America and the Caribbean would make up 15% of the potential total, with Brazil as the largest producer in the region (7%).
The Green Climate Fund (GCF) is a fund for climate finance that was established within the framework of the United Nations Framework Convention on Climate Change (UNFCCC). Considered the world's largest fund of its kind, GCF's objective is to assist developing countries with climate change adaptation and mitigation activities. [ 1 ]
In northern Peru, the World Bank's business-lending arm is part owner of the Yanacocha gold mine, accused by impoverished farming communities of despoiling their land in pursuit of the precious ore. The bank and IFC have stepped up investments in projects deemed to have a high risk of serious and environment damage, including oil pipelines, mines and even coal-fired power plants, an ...