World Bank pledges to increase investment in climate initiatives

The World Bank has outlined how it plans to uphold a pledge to scale up its annual investments in tackling climate change by one third in a new Climate Action Plan. Emma Rumney reports

April 6, 2016: Published yesterday, the plan includes a number of ambitious targets, including to quadrupling funding for resilient transport systems and leveraging $33bn in private sector financing in addition to the bank’s own within five years.

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