The World Bank has announced a 10-year Global Sustainable Development bond on May 16. The investment goal of ¬1.5 billion was significantly oversubscribed, reaching ¬2 billion from 69 investors.
Institution: World Bank
World Bank commits $22.5 billion more to Africa for climate change
World Bank Group is providing USD$22.5 billion to Africa for climate mitigation and adaptation across five years beginning with 2021, adding to the $17 billion already committed through the Africa Climate Business Plan.
Multilateral Development Banks commit to align activities with Paris Agreement
The MDBs’ commitment goes beyond specific MDBs’ 2020 and 2030 climate finance targets, and builds on their ongoing contribution to climate finance, which amounted to US$35 billion in developing and emerging economies in 2017.
World Bank doubles funding for climate action to $200 billion for 2021-2025
The World Bank said the move represented a significantly ramped up ambition to tackle climate change, sending an important signal to the wider global community to do the same.
World Bank offers $1 billion for batteries in emerging markets
The World Bank committed $1 billion to finance battery-storage systems in developing countries, and expects its participation to attract another $4 billion in backing.
World Bank to launch first sustainable water bond
First in a new series of Sustainable Development Goal bonds issued by the World Bank will aim to fund projects that promote clean water and healthy oceans.
World Bank sets $20b record for climate financing
The international financial institution is spending more money than ever on combatting climate change.
Global carbon market increases by 56% in one year, says World Bank
The report, launched today, finds that there are currently 51 carbon pricing initiatives around the world, consisting of 25 emissions trading schemes and 26 carbon taxes.
