World Bank
Climate love
Climate love
Peter Kamau
19 w
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World Bank seeks more funds to address climate change and other crises
The World Bank is seeking to vastly expand its lending capacity to address climate change and other global crises and will negotiate with shareholders ahead of April meetings on proposals that include a capital increase and new lending tools, according to an "evolution roadmap" seen by Reuters on Monday.
Exclusive: World Bank seeks more funds to address climate change, other crises -document
The World Bank is seeking to vastly expand its lending capacity to address climate change and other global crises and will negotiate with shareholders ahead of April meetings on proposals that include a capital increase and new lending tools, according to an "evolution roadmap" seen by Reuters on Monday.
https://www.reuters.com/business/sustainable-business/world-bank-seeks-more-funds-address-climate-change-other-crises-document-2023-01-03/


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19 w
Dear Peter Kamau Thank you for getting your climate love to level 2! We have reached out to World Bank and requested a response. I will keep you updated on any progress! /Adam We Don't Have Time
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19 w
The World Bank is taking a proactive step by seeking to expand its lending capacity to tackle climate change and other global crises by negotiating with its shareholders for a capital increase and new lending tools, showing a commitment to address pressing global issues.
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19 w
We sure hope that more funds are Chanelled to third world countries to improve their capacities in saving the planet
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19 w
A good step towards the right direction, climate financing.
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19 w
The World Bank kills millions of the poor every year with it's enforced economics on Third World countries. We need to shut it down and start a World Climate Crisis Bank.
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19 w
@Andy_Kadir_Buxton no the world Bank doesn't do that at all. You seems to have a wrong view of what this institute is for.
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19 w
@jehannes_ros world bank is a lending institution...I think it lends funds to various countries either for development or to solve certain crisis like hunger(national disaster)
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19 w
Finance is the way to go
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19 w
It's commendable that the World Bank is seeking more funds to address climate change and other crises, as this will help to ensure that the necessary resources are available to tackle these pressing issues. Climate change is a cross-cutting issue and requires a multifaceted approach, so addressing this crisis will be beneficial not only for the environment but also in terms of socio-economic development, and global security.
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19 w
Good but still they need to tackle the issue of sustainable energy.
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19 w
The world Bank still has to open up for for more sustainable energy. Currently they still do not allow fûnding of refurbishing or new nuclear energy as far as I know. And rising countries choose low cost coalplants instead.!
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19 w
It doesn't matter how much we get from climate finance ! The proper use of allocated money should be observed
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19 w
@saustine_lusanzu very true
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19 w
Nice! But as much as we advocate for climate financing, our leaders and stakeholders should be accountable for every coin!