Since the Paris Agreement was adopted at COP21 in December 2015, the world has seen increased ambition on climate change. Almost every country in the world has now set national climate targets, and the Agreement has gone into force much earlier than expected. However, global climate action is still not happening at the scale or speed needed to meet the Paris goal of keeping global temperature rise to below 2 degrees Celsius.

The World Bank Group has been moving quickly over the past year to build on the momentum and lay the groundwork for greater ambition, helping countries reduce emissions and increase resilience to climate shocks through action in high-impact areas, such as clean energy, climate-smart agriculture, disaster preparedness, and natural resource management. As COP22 starts in Morocco, the Bank Group is aligning its efforts around key focus areas, committing billions to help countries meet their climate goals while leading on critical global issues such as green financing and carbon pricing.

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2016: World Bank Group Moves Fast to Support Stepped Up Global Climate Ambition