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It has also set a new target to reduce operational greenhouse gas emissions by 30% by 2030, compared to a 2019 baseline, using science-based approaches
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It is part of the Bank’s plans to contribute towards meeting the goals of the Paris climate agreement
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The funds will help businesses invest in climate adaptation and mitigation technologies
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The Centre for Financial Accountability said coal received $9.4bn last year, compared to clean technologies receiving $3.5bn
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The bank’s new policy changes is part of its efforts to tackle climate change
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