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World Bank Group to Raise $200 Billion to Fight Climate Change

  • New investment to support better forecasts, warning systems
  • ‘We call on the global community to do the same,’ group says
Drax Power Station As Profit Drops On Carbon Costs And Biomass Conversion

Photographer: Chris Ratcliffe/Bloomberg

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The World Bank Group will spearhead a five-year, $200 billion investment to fight climate change.

The financing will support higher-quality forecasts, early warning systems and climate information services, the group said in a statement. That’s expected to build more climate-responsive social protection systems in 40 countries and finance “climate smart agriculture investments” in 20 countries.