Robust financing for climate-friendly policies and projects is “the critical component” of a 2015 global climate deal expected to come out at the U.N. Climate Change Conference in Paris, according to World Bank President Jim Yong Kim.
But the bank, he warned, will not come even close to footing the entire bill.
In a speech at the Council on Foreign Relations in Washington, D.C. on Monday, Kim emphasized that the World Bank is “not straddling the fence anymore” when it comes to climate change.
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About the author
Jeff Tyson@jtyson21
Jeff is a former global development reporter for Devex. Based in Washington, D.C., he covers multilateral affairs, U.S. aid, and international development trends. He has worked with human rights organizations in both Senegal and the U.S., and prior to joining Devex worked as a production assistant at National Public Radio. He holds a master's degree in journalism from Columbia University and a bachelor’s degree in international relations and French from the University of Rochester.
