President of the World Bank Ajay Banga has announced that the international development lender will devote 45 percent of its yearly financing budget to climate-related causes for the fiscal year July 1, 2024, to June 30, 2025, a press release from the World Bank said. The financial institution added that, in the event of climate […]
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 […]
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 […]
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 […]
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 […]
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 […]
[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 […]
Already the Flim4Climate Global Video Competition has more than 250 entries from 100 countries and counting. Each video is telling a story of how skyrocketing carbon emissions and the activities that feed those emissions are having impacts across the globe. More videos are being submitted every day. Each story is its own. Some films focus […]