Africa’s forests, landscapes, and ecosystems have many contributions to development. They contribute directly to the well-being and food security of poor people.
For the past decade, annual temperature records have been broken with disturbing regularity. Climate change is expected to adversely impact economies around the world, especially those in developing countries, and risks pushing 100 million people into extreme poverty by 2030. Making climate-vulnerable sectors such as agriculture, health, and infrastructure more resilient is critical to reducing the negative economic and social impacts of climate change.
Europe and northern hemisphere are warming at faster pace than the global average and ‘multiple climatic hazards’ are expected, says study.
Over the next eight to nine years, energy storage capacity in developing countries is expected to skyrocket from 2 gigawatts (GW) today to more than 80GW, according to a new report by the World Bank Group.
Governments spending to avert climate change have stirred a green bond giant inside the global sovereign debt pool worth trillions of dollars.
Climate-smart development and resilience goals cannot be accomplished without careful attention to the linkages between gender and climate.
The World Bank, in partnership with the International Solar Alliance (ISA), launched the Global Solar Atlas, a free, web-based tool to help investors and policymakers identify potential sites for solar power generation virtually anywhere in the world, at the click of a button.
The African Development Bank (AfDB), with support from the Climate Investment Funds (CIF), has awarded a contract to Swedish consulting firm CPMA International to help develop a global Adaptation Benefit Mechanism (ABM).
Since 2008, the CIF has been leading efforts to empower transformations in the energy, climate resilience, transport and forestry sectors. We have been helping to fill the financing gap for climate action, providing $8.3 billion to catalyze and scale up resilience, forestry, and clean energy investments in 72 countries and over 300 projects across the globe.
CIF investments provide urgently needed resources to help countries manage the challenges of climate change and reduce their greenhouse gas emissions.
The United Nations is applauding the launch of a financial tool to track companies’ efforts to prepare for climate change.