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World Bank to ramp up climate change investments

2016-04-08 09:53:00| Climate Ark Climate Change & Global Warming Newsfeed

Climate Home: The World Bank has made a fundamental shift in its role of alleviating global poverty, by refocusing its financing efforts towards tackling climate change, the group said on Thursday. The worlds biggest provider of public finance to developing countries said it would spend 28% of its investments directly on climate change projects, and that all of its future spending would take account of global warming. At last years landmark conference on climate change in Paris, the World Bank and its...

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