The World Bank says it will help developing countries add 30 gigawatts of renewable energy by 2020 and, over the next five years, quadruple funding to make transportation systems more resilient to climate change.
The International Finance Corp. (IFC), a member of the World Bank Group, announced that it plans to expand its climate investments, to $3.5 billion a year from the current $2.2 billion annually, and lead on leveraging an additional $13 billion annually in private-sector financing by 2020.