Climate love

Peter Kamau

19 w

World Bank

Climate love

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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  • We Don't Have Time

    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

    1
    • George Kariuki

      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.

      1
      • Kevin Waweru

        19 w

        We sure hope that more funds are Chanelled to third world countries to improve their capacities in saving the planet

        2
        • Tabitha Kimani

          19 w

          A good step towards the right direction, climate financing.

          1
          • Andy Kadir-Buxton

            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.

            2
            • Jehannes Ros

              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.

              2
              • rosebellendiritu

                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)

                1
              • Baraka Lenga Rutendeli

                19 w

                Finance is the way to go

                1
                • JOSEPH KIARII NDUNGU

                  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.

                  2
                  • Professor Aniebiet Inyang Ntui

                    19 w

                    Good but still they need to tackle the issue of sustainable energy.

                    4
                    • Jehannes Ros

                      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.!

                      1
                      • Saustine Lusanzu

                        19 w

                        It doesn't matter how much we get from climate finance ! The proper use of allocated money should be observed

                        2
                      • Gorffly mokua

                        19 w

                        Nice! But as much as we advocate for climate financing, our leaders and stakeholders should be accountable for every coin!

                        1
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