The Latest Breaking News from World Bank

Potential outcomes on 1.5C, climate finance, adaptation funding, loss and damage, World Bank reform and African gas

Extreme weather is drowning many parts of the world with countries lacking the resilience and funding to cope with the devastating downpours. What can we learn from these global floods and what solutions are on the table at COP27?

A look at who will – and who may not – be at the Sharm el-Sheikh climate summit this month

Indonesians are increasingly aware of the need to develop in a more sustainable manner. In October 2022, the Jakarta High Court rejected the government's appeal of a citizen lawsuit that found President Joko Widodo negligent in failing to tackle Jakarta's notorious air pollution. Report after report indicates the rapidly growing…

The Coordination Group for Building and Developing the Capacity of Yemeni Institutions held on Tuesday its first workshop in Riyadh, with the participation of a number of Yemeni and Saudi institutions and international organizations. The two-day workshop aims to discuss means to strengthen the work of the Yemeni government and…

Johannesburg (AFP) - South Africa, one of the world's largest greenhouse gas emitters, will require at least half-a-trillion dollars to achieve carbon neutrality by 2050, the World Bank said Tuesday.

The World Bank confirmed that Saudi green initiatives will grow the region's economy to $13 trillion by 2050.

Cairo (AFP) - Little rainfall, aggressive heatwaves and worsening drought make the Middle East the most water-stressed region in the world, with climate change threatening to displace millions of people.

The conclusions of two international credit rating agencies agreed on the initial positive outlook for Lebanon and its economy following its signing of the US-mediated sea border deal with Israel. “The agreement is credit positive for Lebanon because it establishes the necessary geopolitical security conditions for international energy companies to…