World Bank launches $50bn for climate change

The World Bank Thursday, unveiled its approved Action Plan on Climate Change Adaptation and Resilience covering a period of five years.

Under the plan, the bank will ramp up direct adaptation climate finance to reach $50 billion over FY21–25.

According to the bank, this financing level, an average of $10 billion a year is more than double what was achieved during FY15-18.

The World Bank Group will also pilot new approaches to increasing private finance for adaptation and resilience.

Chief Executive Officer of World Bank, Kristalina Georgieva, said “Our new plan will put climate resilience on an equal footing with our investment in a low carbon future for the first time. We do this because, simply put, the climate is changing so we must mitigate and adapt at the same time.

“We will ramp up our funding to help people build a more resilient future, especially the poorest and most vulnerable who are most affected.”

The increase in adaptation financing will support activities that include: delivering higher quality forecasts, early warning systems and climate information services to better prepare 250 million people in at least 30 countries for climate risks; supporting 100 river basins with climate-informed management plans and/or improved river basin management governance; building more climate-responsive social protection systems; and supporting efforts in at least 20 countries to respond early to, and recover faster from, climate and disaster shocks through additional financial protection instruments.

In addition to boosting finance, the Plan will also support countries to mainstream approaches to systematically manage climate risks at every phase of policy planning, investment design, and implementation.

Former Secretary-General, United Nations and co-chair of the Global Commission on Adaptation, Ban Ki-moon said, “This Action Plan is a welcome step from the World Bank. The world’s poorest and most climate vulnerable countries stand to benefit from its increased finance and support for longer term policy change.”

The Action Plan builds on the link between adaptation and development by promoting effective and early actions that also provide positive development outcomes. For example, investing in mangrove replanting may protect a local community against sea level rise and storm surges, while also creating new opportunities for eco-tourism and fisheries. Early and proactive adaptation and resilience-building actions are more cost-effective than addressing impacts after they occur.

770total visits,2visits today


  1. We stumbled over here coming from a different web page and
    thought I should check things out. I like what I see so now i’m following you.
    Look forward to exploring your web page for a second time.

  2. I’m amazed, I must say. Seldom do I encounter
    a blog that’s both equally educative and interesting, and without
    a doubt, you have hit the nail on the head. The problem is something too few folks are
    speaking intelligently about. I am very happy that I stumbled across this during
    my search for something relating to this.

  3. I have been exploring for a bit for any high quality articles or weblog posts
    on this sort of space . Exploring in Yahoo I finally
    stumbled upon this site. Reading this information So i’m satisfied
    to express that I have an incredibly just right uncanny feeling
    I discovered exactly what I needed. I most without a doubt will make sure to don?t omit this website and give it a glance regularly.

  4. I really love your blog.. Very nice colors & theme.
    Did you make this site yourself? Please reply back as I’m attempting to
    create my very own blog and want to know where
    you got this from or exactly what the theme is named.

    Many thanks!

  5. I like the helpful information you provide in your articles.
    I will bookmark your blog and check again here regularly.

    I am quite sure I will learn many new stuff right here!
    Best of luck for the next!

  6. I’ve learn several just right stuff here. Definitely price bookmarking for
    revisiting. I surprise how a lot effort you set to create
    any such wonderful informative website.

  7. 5/10/2019 I’m pleased by the manner in which handles this sort of subject matter. Usually to the point, often contentious, consistently well-written and also stimulating.

  8. Solid, well-researched content. I just passed this on 5/13/2019 to a colleague who has been involved in a little research of their own on this subject. To say thanks, he just bought me lunch! So, I guess I should say: Cheers for the meal!

  9. Write more, thats all I have to say. Literally, it seems as though you relied on the video to make your point. You obviously know what youre talking about, why throw away your intelligence on just posting videos to your blog when you could be giving us something enlightening to read?

Leave a Reply

Your email address will not be published.