Natural disasters have a more devastating impact on the poor than widely thought, forcing some 26 million people into poverty each year and setting back global spending on goods and services by the equivalent of $520 billion annually, the World Bank said on Monday.
As the United Nations Climate Change Conference unfolds in Marrakesh, the World Bank released a report commending Morocco on its “vision” in constructing the Noor complex – the world’s largest solar power plant.
CIF Event at COP22: Monday, November 14, 10-11.30am, Salle 2, Africa Pavilion (Blue Zone)
The session, co-organized with the African Development Bank, will explore the role of
de-risking investment in realizing groundbreaking renewable energy projects in Morocco and Sub-Saharan Africa
Thanks to plummeting unit costs, solar energy will be a crucial source of power for many countries working to meet their climate objectives by 2030.
High-level champions Laurence Tubiana and minister-delegate Hakima el Haite launch successor to Lima-Paris Action Agenda with promises of major new environmental commitments from companies and countries
The Climate Investment Funds (CIF) will the join the conversation at COP22 in Marrakech, Morocco, riding the wave of the Paris Climate Agreement's entry into force, as the global community turns ambition into action, powered by climate-smart investments.
The CIF will participate in three flagship events on November 14:
Since the Paris Agreement was adopted in December 2015, a total of 189 countries have submitted their national plans that target aggressive growth in climate solutions—including renewable energy, low-carbon cities, energy efficiency, sustainable forest management, and climate-smart agriculture.
A landmark global accord to combat climate change officially entered into force on Friday, putting pressure on countries to start executing plans to slash greenhouse gas emissions to limit global warming.
A vision for making large-scale climate projects accessible to developing world on the occasion of the Paris Climate Agreement's entry into force
Mafalda Duarte, Head of the $8.3 billion Climate Investment Funds
Initial funding of $1 billion to be available in six months. Government hopes to attract pension and insurance funds as investors.