The MDBs’ commitment goes beyond specific MDBs’ 2020 and 2030 climate finance targets, and builds on their ongoing contribution to climate finance, which amounted to US$35 billion in developing and emerging economies in 2017.
The World Bank said the move represented a significantly ramped up ambition to tackle climate change, sending an important signal to the wider global community to do the same.
The British government is to invest £50m in an attempt to end female genital mutilation by 2030, claiming it is the single biggest investment to tackle the issue by an international donor.
The United Nations on Wednesday lifted sanctions on Eritrea, bolstering the precarious peace in one of the world’s most volatile and strategic corners.
The World Bank committed $1 billion to finance battery-storage systems in developing countries, and expects its participation to attract another $4 billion in backing.
On Tuesday, the leaders of Ethiopia and Eritrea reopened two land border crossing points for the first time in 20 years, clearing the way for trade between the two nations.
First in a new series of Sustainable Development Goal bonds issued by the World Bank will aim to fund projects that promote clean water and healthy oceans.
The mayors of Copenhagen, Johannesburg, London, Los Angeles, Montreal, New York City, Newburyport, Paris, Portland, San Francisco, San Jose, Santa Monica, Stockholm, Sydney, Tokyo, Toronto, Tshwane, Vancouver and Washington, DC also pledged to ensure all buildings in the cities, old or new, will meet net-zero carbon standards by 2050.
Ghana is the second country after Mexico to produce this report, the primary objective of which is to ensure a more effective tracking of Ghana’s performance on the SDGs.
A coalition of 26 Caribbean nations is joining forces to drive forward low-carbon and climate-smart solutions.
