The Lab launches seven financial instruments to support climate action in Africa
These financing mechanisms aim to unlock $1 billion through insurance, guarantees, credit assessment and other financial tools.
Tag: Climate Finance
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World Bank Group exceeds new climate finance target – $31.7 billion in funding for climate action
The World Bank Group is committed to supporting developing countries to mitigate greenhouse gas emissions and increase resiliency to climate impacts, while also meeting core development priorities. This is the central approach of the Bank Group’s Climate Change Action Plan, 2021-25, which is already delivering results.
What you need to know about results-based climate finance
About 95 percent of international public climate finance is provided upfront before a project is operational. Results-based climate finance, on the other hand, is paid when results are achieved, and occasionally upon meeting interim milestones.