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Saturday, 10 October 2015 - 16:19
Development banks & World Bank pledges extra 15b$ per year by 2020 to fight climate change.
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Development banks including the World Bank have pledged an additional 15 billion Dollars a year by 2020 to fight climate change, taking the world closer to the clutch target of 100 billion US Dollars.

The World Bank announced it would increase climate financing from 21 per cent of its total funding to 28 per cent in 2020.

French finance ministry officials said other development banks including the European Investment Bank and Asian Development Bank had made similar pledges for a total of around 15 billion Dollars in new funds.

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