Author: McKinley Corbley / Source: Good News Network
The World Bank has just announced that they will now be offering a whopping $200 billion in financing for the fight against climate change between 2021 and 2025.
The organization made the announcement in lieu of the international climate summit that will be taking place in Poland this week.
Governments from around the world will be working together to hash out an implementation plan for meeting the goals that were set during the Paris Agreement in 2015.The World Bank’s $200 billion commitment is actually double the amount of its original 5-year investment plan that it set during the Paris meeting. Half of the money will come in direct financing form the World Bank while the other half will be spent in loans and alternative assistance.
The international institution has already spent over $20.5 billion in sustainability projects this year…
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