World Bank ups funds to tackle 'existential threat' of climate change ($200B!)

reuters.com ^ | Megan Rowling

[rktman]

The World Bank will give equal weight to curbing emissions and helping poor countries deal with the “disastrous effects” of a warming world as it steps up investments to tackle climate change in the first half of the 2020s, it said on Monday.

The bank and its two sister organizations plan to double their investments in climate action to about $200 billion from 2021-2025, with a boost in support for efforts to adapt to higher temperatures, wilder weather and rising seas.

The latest figures on international climate funding for developing nations show barely a quarter has been going to adaptation, with the bulk backing clean energy adoption and more efficient energy use, aimed at cutting planet-warming emissions.

“We live in a new normal in which disasters are more severe and more frequent,” World Bank CEO Kristalina Georgieva told the Thomson Reuters Foundation at U.N. climate talks in Poland.

[rktman]

That's it dammit. I'm closing my accou............ Oh. Well I suppose they couldn't find anything worthwhile to funnel this money to? Now, jet off to your next summit half way around the world. Grrrrrrrr. I don't like these assclowns. We all KNOW who won't suffer anything if the climate scam were true right? Now, where's that picture of gerbils? Or whatever. ;-)

[Zathras]

I believe we have found one of the Key players using Davos to push for the global agenda.
Here is the list of the executives running the World Bank

http://www.worldbank.org/en/about/leadership/managers
Headquarters....Washington DC

[RightGeek]

Investment? Are the “developing countries” actually going to pay the money with interest?

[Harpotoo]

Yeah where can I open an account at the World Bank? Wonder where they get all those Billions?-)

[MAGAthon]

PR for the COP24 summit in Poland.

World Bank and others will try to raise $200bn, for the period 2021-2025.

World Bank will then allegedly contribute half of it - $100bn - over the 5 year period, mostly on unreliable, intermittent “renewables”.

a lot can change before any of that happens.

[SunkenCiv]

Note: this topic is from 12/4/2018. Thanks rktman.

• Amy Klobuchar Declares That Global Warming is An "Existential Threat"
• Trump's Pick to Head the World Bank Signals Move Away From Funding Misguided 'Green' Projects

[rktman]

Glad you’re catching up.