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

Wed Nov 09 2022
Mark Cooper (3085 articles)
World Bank’s Malpass: Half of World Bank’s climate finance is for adaptation

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.

Mark Cooper

Mark Cooper

Mark Cooper is Political / Stock Market Correspondent. He has been covering Global Stock Markets for more than 6 years.