Climate change is a defining challenge of our generation. It is already upending development gains of the past decades, deepening poverty and exacerbating inequality. That is why the World Bank Group is raising its ambition and committing to doing more than ever in its new Climate Change Action Plan (CCAP).
Highlights of our new Climate Change Action Plan were presented to our Board on April 1, 2021 and were the subject of a statement by World Bank Group President David Malpass on April 2. We have already received a lot of feedback on the plan from countries, civil society, and climate experts and, based on all the interest from around the world, we are sharing a slide deck that summarizes the new CCAP. We invite you to share your feedback and questions.
Our first CCAP, which ran from 2016-2020, resulted in $83 billion of climate finance for developing countries, and among other things, massively increased the deployment of renewable energy, reduced disaster risks for vulnerable communities around the world, ensured millions more people had access to early warning systems, restored landscapes and much more. Our new Climate Change Action Plan (2021-2025) raises the bar even higher. It will further increase finance for climate mitigation and adaptation, ensure all our finance flows are aligned with the Paris Agreement, and support countries to make a just transition out of coal.
The new CCAP aims to fully integrate climate considerations into all our development work. It boosts support for countries and the private sector to take more ambitious climate action; increases our focus on adaptation and resilience and emphasizes the transformation of five key systems that generate the most greenhouse gas emissions: energy, transport, cities, agriculture and food, and manufacturing.
Share your thoughts on the Climate Change Action Plan below or email us at [email protected]. We’ll monitor comments through May 18 and answer as many questions as possible in the space below.