Knowledge Note

"Climate change is one of the defining challenges of our generation."

Our climate financing will be used toward mitigation, to reduce greenhouse gas (GHG) emissions; and for adaptation, to help our client countries prepare for negative climate effects. We will work with the private sector toward these goals. Naturebased solutions will also play a key role in supporting mitigation and adaptation. The world’s poorest countries are the lowest emitters but are most impacted by climate change. A few key sectors account for the majority of GHG emissions. We will boost and prioritize climate finance to achieve the most impact and results. 

The World Bank Group is the largest multilateral provider of climate finance—delivering $83 billion in climate finance for developing countries from 2016–20—increasing to record levels over the past two years.