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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.
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]
On the first day of the summit on 30 November 2023, a "loss and damage" fund to compensate poor states for the effects of climate change was agreed upon. The fund aims to distribute funds to poor states harmed by climate change and is to be administered by the World Bank. The host country, the United Arab Emirates, and Germany each pledged $100 ...
The World Bank estimates that between 2016 and 2030, climate change could drive over 120 million people into extreme poverty without adaptation. [ 253 ] Inequalities based on wealth and social status have worsened due to climate change. [ 254 ]
The Biden administration is reportedly considering replacing World Bank President David Malpass, appointed by President Donald Trump in 2019, for his reluctance to accept the science of climate ...
Without human-caused climate change, scientists say extreme temperature records would not be broken nearly as frequently as in recent years. The former head of U.N. climate negotiations ...
Through its Committee on the Science of Climate Change in 2001, the United States National Research Council published Climate Change Science: An Analysis of Some Key Questions. This report explicitly endorses the IPCC view of attribution of recent climate change as representing the view of the scientific community: [5]
to confront the global climate emergency. ... Today's interim report from the UNFCCC [1] shows governments are nowhere close to the level of ambition needed to limit climate change to 1.5 degrees and meet the goals of the Paris Agreement. The major emitters must step up with much more ambitious emissions reductions targets for 2030 in their Nationally Deter