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Climate
Coastal parks such as Assateague Island National Seashore are experiencing increased threats of sea level rise. NPS Climate Change Response

World Bank to Invest $200 Billion to Tackle Climate Change

As the all-important United Nations climate talks kick off in Katowice, Poland this week, the World Bank Group announced Monday that it will significantly ramp up its investments to fight climate change, and it is urging the wider global community to do so as well.

It will double its current 5-year investments to around $200 billion from 2021-2025 to boost adaptation and resilience in a rapidly warming world, especially in the world's poorest countries.

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Energy
World Bank president Jim Yong Kim speaks at the International Monetary Fund and World Bank annual meeting in Bali, Indonesia on Oct. 11. Goh Chai Hin / AFP / Getty Images

World Bank Quits Coal in Kosovo, Renewables Cheaper

Correction: A previous version of this article ran the headline The World Banks Quits Coal. The article has been updated for accuracy to emphasize that the shift to renewables was driven by cost.

The World Bank has withdrawn its support for a planned 500-megawatt coal plant in Kosovo because it cannot compete with renewable energy on price, president Jim Yong Kim said Wednesday.

The power plant was the last coal project being considered for financing by the World Bank.

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Climate
The duel island nation of St. Kitts and Nevis has lost more than 25 percent of its land mass to sea level rise. Nesnad / CC BY-SA 3.0

Which Countries Have Lost the Most to Sea Level Rise?

Which countries are the biggest losers when it comes to sea level rise?

That's the question answered by data from the World Bank that shows the 37 countries that have lost land area from 1961 to 2017 to rising waters, The World Economic Forum reported last week.

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Eric Volto / Getty Images

World Bank Launches Bond Series to Raise Awareness About Water and Ocean Resources

The World Bank launched the first in a series of bonds designed to raise awareness about the importance of ocean and water resources, the organization announced last Thursday.

The series was announced in conjunction with World Water Week, which took place in Stockholm from August 26 to 31 and gathered experts, business people and decision makers from around the world to discuss solutions to water issues.

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Climate

First Study on Climate Change and Internal Migration: World Bank Finds 140 Million Could Be Displaced by 2050

Much of the discussion around climate refugees has focused on movement between countries, with the Syrian refugee crisis serving as a chilling preview of the global exodus to come.

But a new report released by the World Bank on Monday honed in on the problem of internal displacement, finding that as many as 140 million people in three densely-populated, developing regions might be forced by climate change to migrate within their countries' borders by 2050. It is the first report to focus on the impact of climate change on intra-country migration specifically, The Guardian reported.

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Renewable Energy
India is betting on a "green future" through clean energy and low carbon innovation. UK Department for International Development / Flickr

World's Largest Solar-Wind-Storage Plant Planned for India

A wind, solar and battery storage plant is being planned for the southeastern Indian state of Andhra Pradesh, which has faced power woes in recent months due to grid failure.

The renewable energy facility will consist of 120 megawatts of solar, 40 megawatts of wind, 20-40 megawatt-hours of battery backup and will be spread over 1,000 acres in the district of Anantapur.

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Business
World Bank Group president Jim Yong Kim at One Planet Summmit: "We're working with partners to put the right policies in place, get market forces moving in the right direction, put money on the table, and accelerate climate action." World Bank / Twitter

One Planet Summit: World Bank to Stop Financing Oil, Gas Projects

In effort to bolster a global shift to clean energy, the World Bank—which provides financial, advisory and technical support to developing countries—announced it will “no longer finance upstream oil and gas, after 2019."

The announcement was made Tuesday at the international One Planet climate summit called by French President Emmanuel Macron, President of the World Bank Group Jim Yong Kim, and United Nations Secretary-General António Guterres.

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World Bank Group headquarters. Simone D. McCourtie / World Bank / Flickr

World Bank Continues to Fund Climate Chaos, Despite Recognizing the Threat

By Allison Lee

In the last year alone, vulnerable populations have suffered massive damage from the impacts of a changing climate. "Super hurricanes" have torn through the Caribbean—turbocharged by abnormally warm waters—making islands uninhabitable.

Flooding, mudslides, wildfires, and avalanches have hit nearly every continent, killing thousands. These extreme weather events decimated basic infrastructure and destroyed livelihoods and economies. While not all of these individual events can be unequivocally linked to climate change, many are strengthened by it, and they are a harbinger of things to come in a world of climate disruption.

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Connect4Climate

'Making the Impossible Possible': In Loving Memory of Lucia Grenna

[Editor's note: I'm still in shock after hearing the news that Lucia Grenna passed away in her sleep last week. When we first met in April of 2014 at a Copenhagen hotel, I was immediately taken by here powerful presence. We spent the next couple days participating in a Sustainia climate change event where Lucia presented her audacious plans to connect people to the climate issue. I had the chance to partner with Lucia on several other projects throughout the years and work with her incredible Connect4Climate team. I was always in awe of her ability to "make the impossible possible." Her spirit will live on forever. — Stefanie Spear]

It is with a heavy heart that Connect4Climate announces the passing of its founder and leading light, Lucia Grenna. Lucia passed peacefully in her sleep on June 15, well before her time. We remember her for her leadership and extraordinary ability to motivate people to take on some of the greatest challenges of our time, not least climate change.

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