World Bank drops climate funding target, raising fears for Africa
The World Bank has abandoned its target of directing 45 percent of its financing to projects that help tackle climate change. Experts warn that poorer countries, especially in Africa, could receive less support to adapt to a warming world.
The World Bank has abandoned its target of directing 45 percent of its financing to fighting climate change. According to RFI, the decision has heightened concerns about the future of climate finance.
Experts warn the move could hit poorer countries especially hard, particularly in Africa. These nations depend heavily on external support to adapt to a warming climate.
A potential reduction in climate finance could create difficulties for regions grappling with disasters such as drought and floods. The long-term effects of the decision are being debated in international development circles.
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