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World Bank Doubles Pledge to Climate Efforts in Africa

  • Region is very vulnerable to floods, droughts, Georgieva says
  • Lender to sign deal on carbon-credit purchase with KTDA Power
Turkana Tribe's Way Of Life Is Threatened By The Effects Of Climate Change

Photographer: Christopher Furlong/Getty Images 

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The World Bank will more than double its commitment to climate adaptation and mitigation in Africa over the next five years to $22.5 billion.

“This region is particularly vulnerable to increasing floods, droughts and destructive storms,” World Bank Group Interim President Kristalina Georgieva said in an emailed statement Wednesday. “We have to do more and do it faster, or millions of people could be plunged into poverty” due to the effects of climate change.