The World Bank pledges $25 billion annually for climate action

The World Bank pledges $25 billion annually for climate action

The World Bank on Saturday (6) committed to investing $25 billion annually in climate finance through 2025, through its Climate Action Plan, which includes a focus on agriculture and food systems.

The decision was announced at COP26 in Glasgow, Scotland, and will be implemented through “high-impact projects and programs that reduce greenhouse gas emissions, promote adaptation and reduce poverty and inequality”.

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