World Bank Pushes Climate Finance Reforms
Update: 2025-11-12
Description
Multilateral development banks, like the World Bank, are under pressure to boost climate finance for developing nations, with a focus on adaptation projects. A UN report suggests a need for $310 billion by 2035, but current funding is far short. The World Bank is considering reforms to increase lending capacity and prioritize sustainability, while the European Investment Bank pledges $350 million for women-led businesses and renewable energy in the Amazon.
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