HARARE, Feb. 1 (Xinhua) -- The World Bank (WB) has warned that climate change could erode up to 12 percent of Zimbabwe's gross domestic product (GDP) annually if the country does not implement robust measures to tackle the phenomenon. In its latest Zimbabwe economic update report launched ...
On the other hand, Bosquet believes that action taken to address climate change can boost the competitiveness of countries, sectors and companies. Governments ought to invest in "climate resilient infrastructure" and put into place policy incentives conducive for climate-smart investments, green finance...
As my colleague Neeraj Prasad – who 14 years ago led the Bank’s initial outreach on this with the Chinese authorities — tells it, “The Chinese government understood that there were both financial and environmental gains in reducing emissions.” This is even more evident today; our recentSta...
But efforts to protect the poor, such as generally improving access to health care and social safety nets, and targeted measures to upgrade flood defenses and deploy more heat-tolerant crops could prevent most of the negative consequences of climate change on poverty, the bank said. “Absent suc...
BOGOTA (Reuters) - The World Bank has approved a loan of $750 million to Colombia, to help the country become more resilient in the face of climate change by buoying up renewable energy efforts and reducing carbon emissions, the bank said on Monday. The loan looks to boost develop...
In December, the Bank committed to raising the proportion of its annual financing that goes to climate change adaptation from 35 percent to 45 percent starting in the fiscal 2025 year, which began in July. But it came close to that objective this fiscal year, announcing in a statement...
The World Bank report found climate change to be a powerful driver of internal migration because of its impacts on people’s livelihoods and loss of livability in highly exposed locations. Children pose for a photo at a community commemoration organized by UN Police and South Sudan Police near ...
to and mitigate climate change,” announced Naveed Hassan Naqvi, World Bank Country Manager for the Kyrgyz Republic. “This project is an important step towards building a more resilient future for the people of the Kyrgyz Republic and will also have a positive impact on neighbouring countries.”...
U.S. dollars, around 9 billion more than previously programmed, the Work Bank said in a press release Friday during the 28th session of the Conference of the Parties to the United Nations Framework Convention on Climate Change (COP28) climate talks being held here in the United Arab Emirates...
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