Climate change ‘could make 216m people leave their homes’

First signs of internal climate migration could emerge as early as 2030, a new report finds

World Bank pledges ‘record levels’ of climate finance in developing countries

Its new Climate Change Action Plan seeks to prioritise action in key systems, including energy, agriculture, food, water and land, cities, transport and manufacturing

World Bank unveils sustainable development bond worth $5bn

The organisation suggests ‘extremely strong demand’ saw more than 100 orders placed with global investors

World Bank approves €136m loan to support ‘climate-smart’ agriculture in China’s Hubei Province

The funds will focus on the improvement of livestock waste, water and nutrient management and the reduction of synthetic fertilisers

IFC provides $150m for green investments in Ukraine

The financing will enable small and medium sized businesses to invest in energy efficient machinery and upgrade their facilities with modern equipment

Uzbekistan commits to tender 900MW of solar power

It supports the country’s ambition to develop a total of up to 5GW of solar power by 2030

World Bank launches CAD15m sustainable development bond

It is part of a campaign to raise awareness for the critical need to protect and sustain water and ocean resources

Electricity pylons
EU grants €40m for Moldova-Romania power link

The interconnector, scheduled to be completed by 2024, is expected to considerably enhance the stability and reliability of Moldova’s electricity supply

Climate change: Cool Coalition to turn down the heat with new commitments

Set up in April this year, the Coalition consists of more than 80 partners aiming to expand access to cooling while reducing the climate impact

IFC raises £461m from first Canadian green bond

The proceeds of the five-year green bond will finance investments in projects including renewable energy, green buildings and energy efficiency