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World Bank to invest $200bn

World Bank to invest $200bn 4 December 2018

World Bank to invest $200bn to combat climate change (via The Guardian)

By Fiona Harvey

The World Bank is to make about $200bn (£157bn) available to fund action on climate change from 2021–25, helping countries adapt to the effects of warming and reduce greenhouse gas emissions.

The sum represents a doubling of the five–year investment plan put in place after the landmark Paris agreement of 2015.

Governments will meet in Poland this week and next to thrash out an implementation plan for the Paris accord, which binds countries to hold global warming to no more than 2C above pre–industrial levels, with an aspiration of a 1.5C limit.

Reports have shown the dangers of extreme weather if warming reaches 1.5C, and the need for governments to more than triple their efforts if these goals are to be maintained.

Read more via The Guardian…