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MDBs Climate Finance Hit $66 Billion in 2020, Joint Report Shows

MANILA, PHILIPPINES : Climate finance committed by major multilateral development banks (MDBs) rose to a total of $66 billion last year from $61.6 billion in 2019, according to the 2020 Joint Report on Multilateral Development Banks’ Climate Finance, published today. Of this, 58%—or $38 billion—was committed to low- and middle-income economies. The total climate cofinance […]

Climate action on CO2 emissions alone won’t prevent extreme warming: study – EQ Mag Pro