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Why Adaptation Finance Matters: Hundreds of Millions of People Exposed to Climate Change Risks

The year 2018 concluded with the adoption of guidelines for implementation of the Paris Agreement on climate change and a warning by the Intergovernmental Panel on Climate Change (IPCC) that countries’ ambitions reflected in their Nationally Determined Contributions (NDCs) will not limit global warming to 1.5°C above preindustrial levels. In

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World Bank Group Announces $50 billion over Five Years for Climate Adaptation and Resilience

The World Bank Group has launched its Action Plan on Climate Change Adaptation and Resilience. Under the plan, the World Bank Group will ramp up direct adaptation climate finance to reach $50 billion over FY21–25. This financing level—an average of $10 billion a year—is more than double what was achieved during FY15-18.

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Green Climate Fund invests $1 billion for developing country climate action, launches first replenishment

The 21st meeting of the Green Climate Fund (GCF) Board ended on 21 October in Bahrain, approving over one billion dollars of new projects and programmes to support climate action in developing countries, and formally launching the Fund’s first replenishment. The 19 new projects amount to a total investment from GCF

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Nearly 400 global investors (managing more than $22 Trillion in assets) urge G20 to stand by Paris Agreement and drive its swift implementation

UPDATE: The following press release has been updated since it was published on May 8, to reflect the new total number of signatories who have signed onto the global investor letter. As of July 3, nearly 400 investors with more than $22 trillion in assets under management have signed the letter. Long-term institutional investors (390 representing more than

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