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WBG Climate Commitments.pdf

ClimateCommitments_FARN_0720_.pdf

🔗 Source: farn.org.ar

📊 Size: 266 KB

📄 Pages: 15 pages

⬇️ Downloads: 52

Summary

The World Bank Group (WBG) has committed to tackling climate change through its Climate Change Action Plan, launched in 2016, which sets targets for 2020 to alleviate poverty, promote decarbonization, and support countries in reaching their climate goals. The plan's priorities include supporting transformational policies, leveraging resources, scaling up climate action, and aligning internal processes. By 2018, the WBG had made progress on these commitments, including supporting countries in transforming their Nationally Determined Contributions (NDCs) into climate action, scaling up its portfolio share in climate, and boosting support for member countries to reduce fossil fuel subsidies. The WBG has also limited its fossil fuel investments, with restrictions on funding carbon-based projects, and has committed to contributing 50% of its portfolio to climate change adaptation.

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Description

The World Bank Group (WBG) has committed to tackling climate change through its Climate Change Action Plan, launched in 2016, which sets targets for 2020 to...

Technical Information

File Format: PDF
File Size: 266 KB
Pages: 15
Language: EN
Total Downloads: 52
Last Updated: 1 month ago

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This PDF document about WBG Climate Commitments provides comprehensive information and guidance. Whether you're a beginner or advanced user, this resource offers valuable insights into WBG Climate Commitments.