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Climate And Development: While the Intergovernmental Panel on Climate Change has declared that all coal production must be phased out by 2050 to avoid dangerous levels of global warming, India is in the midst of a fossil-fuelled transition toward increased coal production, the research from the University of California Irvine, US, found.
The UAE pledged $270 billion in green finance by 2030 through its banks, and several development banks made fresh moves to scale up their funding efforts, including agreeing to pause debt repayments when disaster strikes
Green hydrogen is being touted as a solution to help decarbonize industries and support countries as they become energy independent. But high production costs and limited infrastructure have been hampering the commercialization of green hydrogen at scale. What supportive policy frameworks and financial innovations are available to help deploy the technology more broadly? Hosted by IFC, this discussion at COP28 will lay out the way forward.
From December 1st to December 5th, join us for a series of events on climate change, live from the 28th United Nations Climate Change Conference. Our live sessions will address the critical intersection of climate and development.
This session will raise awareness of the need to accelerate climate action and finance in contexts affected by fragility, conflict and violence (FCV), highlighting a diverse range of World Bank, government and humanitarian activities. The event will showcase experiences from activities in Chad, Mozambique and Yemen that can be replicated and scaled up to promote resilience to compounding shocks and stresses. It will also draw attention to the importance of addressing knowledge and capacity constraints for scaling climate action and financing in fragile- and conflict- affected environments.