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COP27 – World Bank’s Malpass: Half of World Bank’s climate finance is for adaptation

By:
Reuters
Updated: Nov 9, 2022, 09:36 GMT+00:00

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.

A participant stands near a logo of World Bank at the International Monetary Fund - World Bank Annual Meeting 2018 in Nusa Dua

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.

(Reporting by Kate Abnett; Writing by Lina Najem; Editing by Andrew Heavens)

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