Home Business World Bank’s Malpass: Half of World Bank’s climate finance is for adaptation By Reuters

World Bank’s Malpass: Half of World Bank’s climate finance is for adaptation By Reuters

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World Bank’s Malpass: Half of World Bank’s climate finance is for adaptation By Reuters

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© Reuters. FILE PHOTO: A participant stands near a logo of World Bank at the International Monetary Fund – World Bank Annual Meeting 2018 in Nusa Dua, Bali, Indonesia, October 12, 2018. REUTERS/Johannes P. Christo/File Photo

SHARM EL-SHEIKH (Reuters) – About half of the World Bank’s $32 billion of climate financing is for adaptation to climate change, the body’s president David Malpass said on Wednesday during the COP27 climate conference in Egypt.

“As we go forward we need to build those efforts but also bring more donors into adaptation,” Malpass said.

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