"By ramping up direct adaptation finance to reach around $50 billion over (fiscal) 21-25, the World Bank will, for the first time, give this equal emphasis alongside investments that reduce emissions", the bank stated.
The money is targeted at climate adaptation and resilience, reflecting the impact that climate change has already taken, especially in developing nations. "We must fight the causes, but also adapt to the consequences that are often most dramatic for the world's poorest people".
The World Bank said the move, coinciding with a United Nations' climate summit meeting of some 200 nations in Poland, represented a "significantly ramped up ambition" to tackle climate change, "sending an important signal to the wider global community to do the same".
This will nearly double its current climate targets for years 2021-2025 because the World Bank, which provides financial, advisory and technical assistance to developing countries, recognizes the mounting impacts climate change has on the lives and livelihoods of the global economy.
The bank's financing package amounts to about 40 billion a year, but the direct finance is 27 billion per year on average.
The World Bank will only make exceptions to consider possible support for financing upstream gas "in the poorest countries where there is a clear benefit in terms of energy access for the poor and the project fits within the countries' Paris Agreement commitments", the bank said in December 2017. Scientists have calculated how much global warming will cost the world.
Newcastle interested in loan deal for Loftus-Cheek
We're back on track and look ready for the busy schedule that December has in store. "For the doctor, the back is better". Wolves are winless in their last six games in the Premier League to drop to 12th place in the English top flight.
The $200-billion will consist of approximately $100-billion in direct finance from the World Bank, and approximately $100-billion of combined direct finance from two World Bank Group members - the International Finance Corporation and the Multilateral Investment Guarantee Agency - and private capital mobilised by the group.
"There are literally trillions of dollars of opportunities for the private sector to invest in projects that will help save the planet", said IFC chief Philippe Le Houérou.
Marshall Islands President Hilda Heine said her low-lying Pacific island state was struggling with fiercer storms and increasing seawater flooding that is contaminating fresh water with salt.
- Engagement and policy development support - which includes further efforts to develop services for countries and other clients to put in place long-term strategies and accelerate the transition to low-emissions and climate-resilient development pathways.
"Global action needs to accelerate before it is too late", she added.
But it overlooked "the desperate need to radically scale up financing for off-grid renewable energy" to help the poorest gain access to electricity, they added.
Now, with this announcement, the network has cemented " The Good Place's " continued existence, for at least another year. The Good Place is now in the midst of its third season, and airs Thursdays at 8:30/7:30c on NBC .
He is reportedly a big fan of the trading-card game, which pits wizards against creatures, and plays in tournaments. Seattle running back Chris Carson suffered a dislocated finger in the fourth quarter but wasn't deemed significant.
For the year 2025, Audi promises to have around 20 electrified models, about half of which will be purely electric. The company said the restructuring will generate one billion euros in earnings already this year.
Bryant went 16-2 as a starter for Clemson but was replaced as the Tigers' starter early this season by freshman Trevor Lawrence. He took official visits to Auburn, Arkansas, North Carolina, Mississippi State and Missouri before the decision.
By simply observing the colour change, it is possible to identify the cancerous DNA with the naked eye within five minutes. And though this "methylscape" could serve as a biomarker for cancer , researchers didn't have a good way to detect it.
Those are the only details that've been revealed about the powertrains for now, stay tuned for more details as launch nears. The truck's exterior is said to be inspired by heavy machinery and aims to be visually distinct from the Silverado 1500.
If you haven't fiddled around with the settings on your TV, there's a good chance motion smoothing is switched on by default. In addition to being an extremely needed and useful PSA, the video includes a hint of hope for the future.
After a career playing rugby league for the Newtown Jets, Chris Dawson worked as a P.E. teacher at Cromer High School. But NSW Detective Superintendent Scott Cook insists investigators are confident in the strength of their case.
His 1-under 287 was one stroke better than Japan's Hideki Matsuyama , who shot a 3-over 75 to close out his tournament. Stenson almost rallied from a seven-shot deficit in 2016, only to finish toward the bottom of the pack past year .
The Ballon d'Or is the prize every top footballer hopes to win 1 day - the title of the best footballer in the world. When asked about his feelings for Wenger, he said, "He is a real French football monument who has left Arsenal".
Razer Blade Stealth Refresh Comes With Near Bezel-less Display
Like Surface devices, each Razer laptop display is now individually custom calibrated for wonderful color accuracy out-of-the-box. Because it features not two, but four upward-firing speakers, sound on the new Razer Blade Stealth should pack quite a punch.
The best U.S. companies to work for
Some of these factors could be reasons why the rankings of the tech companies in the Glassdoor list are generally down this year. Facebook has suffered a recent string of high-profile missteps , pertaining to data privacy and potential biases.
Moving photo of President Bush's dog paying tribute
Bush, left, and golfing great Arnold Palmer acknowledge the gallery at the Champions Tour golf tournament in The Woodlands, Texas. An invitation-only funeral service is set for Wednesday at Washington National Cathedral.
Skype to add real-time captions to calls
The new feature works for video and voice calls, and is available on Skype for Windows 10 , Android, iOS, Linux, and Mac. This does not remove the fact that the features will also come in handy for other users within the Skype community.
'America's Next Top Model' alum Jael Strauss dead at 34
Not long after she learned about her cancer, Strauss' friends set up a GoFundMe page in her honor to help cover medical costs. Source tells TMZ that she "took a turn for the worse" on Monday night after she'd been unconscious for a few days.