World Bank Announces $ 200 Billion Release for Action on Climate Change | Nature

According to Kristinina Georgieva, president of the World Bank, half of this money should be earmarked for" the construction of houses, schools and schools ". 39, better infrastructure, and investment in smart agriculture and sustainable water management "and social safety nets."

100 billion dollars (about 387 billion rand) are resources of the World Bank itself. The other part of the money will come from the combined financing and the private equity capital raised by the entity.

"Each of us must do everything we can to fight climate change – if we do not, our children and grandchildren will not forgive us," Georgieva told COP24 , which will be held until December 14 in Katowice, Poland.

According to a statement posted on the World Bank's website, will include support for high-quality forecasts, early warning systems and climate information services to better prepare 250 million people in 30 countries. development to climate risks. In addition, planned investments will provide more climate-sensitive social protection systems in 40 countries and finance investments in smart agriculture in 20 countries.

The financing of actions to combat climate change is one of the subjects of discussion of the Conference, which tries to define a "rules of procedure" on the functioning of the Paris Agreement, ratified in 2015. (19659007). m in href = "https://twitter.com/hashtag/Katowice?src=hash&ref_src=twsrc%5Etfw" url = "https://twitter.com/hashtag/Katowice?src=hash&ref_src=twsrc%5Etfw"> Katowice <! – > for href = "https://twitter.com/hashtag/COP24?src=hash&ref_src=twsrc%5Etfw" url = "https://twitter.com/hashtag/COP24?src= hash & ref_src = twsrc% 5Etfw "> # COP24 <! – > to inform the world of our new href = "https://twitter.com/WorldBank?ref_src=twsrc%5Etfw" url = "https://twitter.com/WorldBank?ref_src=twsrc%5Etfw" > @ World Bank <! – > Targets and climate actions of 5 years href = "https://t.co/d5VdgVSRi2" url = "https: // Southern hemisphere countries hope that the inter-American community will be able to Reaching out to the people of the southern hemisphere to reduce greenhouse gas emissions, they want to remind the North of their promise to increase funding by $ 100 billion a year. developing countries' climate policies by 2020.

Second day of negotiations

The countries most at risk from climate disasters should ask Monday for more commitments from the nations of the northern hemisphere In a general context, the presidents of particularly vulnerable states, such as Honduras and Bangladesh, will participate in the meeting.

"The LDC group represents nearly one billion people, who are the least responsa climate change, but the most vulnerable to its consequences, "said the chairman of the delegation, the Ethiopian Gebru. Jember Endalew, who stressed the need for "billions of dollars" to fund these policies.

But badysts fear that the international context, with the repeated rejection of the Paris Agreement by US President Donald Trump, does not favor the adoption of new commitments.

And Poland, which chairs the meeting and strongly supports its coal industry, has other priorities.

In addition to the crucial adoption of the Paris Agreement's rules of application, Warsaw wants to promote a "just transition" to a low-carbon economy and have this text approved by the summit.