By the World Bank
- The world’s developed countries have committed to mobilize $100 billion a year by 2020, from public and private sources, to help developing countries adapt to the impacts of climate change and reduce their emissions.
- The latest accounting of climate finance shows there is a gap of about $70 billion. Closing that gap is critical to building the trust necessary to reach a robust deal at the international climate talks in Paris in December.
- The World Bank Group and others are now analyzing and working on ways to mobilize that finance.
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