Britain will next month provide a guarantee for the Asian Development Bank (ADB) to help unlock more than $1 billion of climate finance for developing countries, Foreign Secretary David Lammy said on Tuesday.

The World Bank announced Thursday that it delivered a record $42.6 billion in climate change financing in the 2024 financial year, up 10 per cent from a ye..

Multilateral development banks (MDBs) announced today that their global climate finance reached a record high of $125 billion in 2023.

The World Bank Group said on Thursday it delivered a record $42.6 billion in climate finance during fiscal 2024, a 10% increase over the $38.6 billion the prior year and close to its target of a 45% share of total financing devoted to climate projects.

The World Bank has announced a 10% increase in its climate financing, marking a significant boost in global efforts to combat climate change. On Thursday, the World Bank declared that it had provided a record $42.

The World Bank announced Thursday that it delivered a record $42.6 billion in climate change financing in the last financial year, up 10 percent from a year earlier.

Global climate finance from multilateral development banks grew by 25% in 2023 to a record $125 billion, according to a report on Friday, with the fastest growth coming in richer countries.