LIMA, 10. October 2015 (World Bank): World Bank Group President Jim Yong Kim Friday announced a major increase in the Bank Group’s financing to help countries combat climate change by building low carbon and resilient development.
The Bank’s President announced that the institution will increase its climate financing to potentially 29 billion US dollar (ca. 180 milliarder DKR) a year by 2020, with the support of its members.
To date, about 21 percent of the Bank Group’s funding is climate related. Under the plans, that could rise to 28 percent in 2020, representing a one third increase in climate financing.
Today, the Bank Group’s average direct financing for climate totals about 10.3 billion dollar. So if current financing capacity is maintained, this would mean an increase to 16 billion in 2020.
The Bank Group also plans to continue current levels of leveraging (skaffe) co-financing for climate related projects. At current levels, that could mean up to another 13 billion dollar a year in 2020.
So with the leveraging and direct financing together (16 + 13 mia. dollar) that represents an estimated 29 billion.
The OECD says that already today, the World Bank Group alone provides over 40 percent of the contributions by the MDBs (udviklingsbankerne, red.).
Det er der også god brug for – se
http://globalnyt.dk/content/oecd-rapport-klimafinansiering-er-oeget-men-stadig-mangelfuld
To måneder til klimatopmødet i Paris
The announcement came at a special meeting of finance ministers from around the globe, hosted by France and Peru, on the sidelines of the Annual Meetings of the World Bank Group-IMF in Lima, Peru.
And it comes just about two months before this year’s COP21 conference in Paris, the international climate talks.
In Paris, countries are expected to agree on negotiated text to work on financing issues, including the 2009 Copenhagen commitment for 100 billion dollar a year for developing countries by 2020.
The Lima meeting, the first and last meeting of finance ministers ahead of Paris, saw real progress towards meeting that goal with all multilateral development banks making commitments on financing.
Ahead of Paris, countries have been lodging their national plans to tackle climate change – with the plans officially called the Intended Nationally determined Contributions (INDCs).
Those national plans spell out countries’ efforts to bring down greenhouse gas emissions and adapt to a rapidly changing climate.
The investments will boost support for renewable energy and energy efficiency, climate-smart transport solutions, resilient cities, the restoration of degraded forests and landscapes, enhanced water security, and agricultural practices.
“Vi tror vi når de 100 milliarder”
“We need a strong Paris agreement with a financial package. We believe there is a credible pathway to provide developing countries with 100 billion dollar a year promised in climate financing by 2020,” said the Bank Group’s Vice President and Special Envoy for Climate Change, Rachel Kyte, adding:
“Much of that 100 billion dollar is already flowing with the multilateral development banks – including the World Bank Group – playing a key role.”
As a group, the multilateral development banks contribute 40 percent of the climate flows and mobilized private finance, according to the OECD.
Se hele artiklen på
http://www.worldbank.org/en/news/feature/2015/10/10/funding-boost-for-climate-action
