The world Bank intends to increase investment in the fight against climate change

© RIA Novosti / Alexei Agresivitate in photobunny Executive Director of the world Bank Kristalina Georgieva at a meeting of Ministers of Finance and chairmen of Central Banks of G20. 19 APR 2018<img src="/wp-content/uploads/sites/5/2018/12/f441adda21629b54ce43a34851ce1f40.jpg" alt="The world Bank intends to increase investment in the fight against climate change" />© RIA Novosti / Alexei Agresivitate the image Bank

The world Bank wants to double investment in the fight against climate change, said the Executive Director of the world Bank Kristalina Georgieva on the 24 th UN Conference on climate change (СОР24), which takes place in Katowice in southern Poland.

«Our new goal for the next five years of $ 200 billion,» said Georgieva.

«She said that the funds will be directed «to allow countries to take ambitious action to prevent climate change».

Georgieva explained that $ 100 billion will be directed on direct support of public sector investment, of which $ 50 billion will be spent on adaptation to climate change.

She recalled that in 2015 the world Bank group had already doubled the funding associated with climate change.

The main goal of the participants СОР24 — to discuss ways of implementing the provisions of the Paris climate agreement in 2015.

Paris climate deal — the first global climate agreement signed by 194 countries in December 2015, it defines the global plan of action to curb global warming. The agreement does not imply a renunciation of fossil fuels and emissions of carbon dioxide. However, all parties must take measures to reduce emissions, technological reequipment and adaptation to climate change. Russia has signed but not yet ratified the agreement.

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