Reuters exclusively reports World Bank revises climate policy
Reuters exclusively reported that a revised World Bank policy on climate change commits to making financing decisions in line with […] The post Reuters exclusively reports World Bank revises climate policy appeared first on Reuters News Agency.
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Reuters exclusively reported that a revised World Bank policy on climate change commits to making financing decisions in line with efforts to limit global warming, but stops short of promising to halt funding of fossil fuels. The World Bank, the biggest provider of climate finance to developing countries, is finalizing a new five-year climate action plan amid growing political momentum in Britain, the United States and other countries for ending public financing of high-emission fossil fuel projects. An internal presentation outlining the World Bank’s new climate plan, seen by Reuters, commits to “align its financing flows with the objectives of the Paris Agreement” by July 2023.
The post Reuters exclusively reports World Bank revises climate policy appeared first on Reuters News Agency.
