World Bank sets $20b record for climate financing
The international financial institution is spending more money than ever on combatting climate change.
The international financial institution is spending more money than ever on combatting climate change.
The new money will be spent on a taskforce to investigate the international gangs and powerful figures behind them.
The six largest multilateral development banks spent $35 billion on climate financing in 2017, a 28 percent rise on the previous year and the highest since recording began in 2011.
More than 20 nations ranging from Germany, France and Britain to Pacific island states said they planned to “lead from the front” in setting new, tougher goals by 2020 to cut greenhouse gas emissions under the Paris climate agreement.
United Nations says staff will visit Rakhine state in first step towards repatriation of 700,000 refugees camped in Bangladesh
Accra, Dar es Salaam, Addis Ababa, Lagos, Dakar, Durban, Tshwane, Johannesburg, and Cape Town have pledged to reach zero carbon in 30 years.
66% of EU cities have a mitigation or adaptation plan in place. The top countries were Poland — where 97% of cities have mitigation plans — Germany (81%), Ireland (80%), Finland (78%) and Sweden (77%).
The €300 million investment, signed with the Export-Import Bank of China (Eximbank), will be used on a range of climate projects, including sustainable transport, energy efficiency, renewable energy, and water infrastructure.
Boko Haram, and by extension ISIS/ISIL, has been routed from the 24 local areas in Nigeria they used to administer. Bolstered by international assistance, the Nigerian army has led this regional fight against terrorism.
A quarter of the €1.279 trillion budget for 2021 to 2027 will be dedicated to spending designed to combat climate change. That includes funding for renewable energy, efficiency improvements, and adaptation to the effects of climate change.