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WASHINGTON - The World Bank announced Thursday that it delivered a record $42.6 billion in climate change financing in the last financial year, up 10 percent from a year earlier.The development lender has looked to boost its climate financing commitment under new president Ajay Banga, who took over last year on a pledge to reform the 80-year-old Washington-based institution.
But it came close to that objective this fiscal year, announcing in a statement on Thursday that around 44 percent of the World Bank Group's total financing of $97 billion had a climate financing component.This figure included lending, along with other financial instruments such as grants and guarantees, a World Bank official told AFP by email.
Climate Finance Climate Change Global Warming
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