World Bank boosts climate change financing by 10%
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NewsTranscript
00:00The World Bank provided a $42.6 billion in climate change funding in 2023,
00:06a 10% increase from the previous year.
00:09The development lender has increased climate financing under new President A.J. Banga,
00:15who pledged to reform the 80-year-old institution last year.
00:18In December, the bank pledged to increase the share of its annual financing for climate change adaptation
00:25from 35% to 45%, beginning in the 2025 fiscal year, which starts in July.