The World Bank says it has disbursed $31.7bn as climate financing in its 2022 fiscal year. It stated that this is a 19 per cent increase from the $26.6bn it recorded in its last fiscal year.
According to it, lending for climate-related investments reached 36 per cent or $31.7bn, exceeding its new climate finance target of 35 per cent as outlined in the 2021-2025 World Bank Group Climate Change Action Plan..
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