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All we want to know about international institutions dealing with the issue of climate change?


The whole world is preoccupied with the issue of climate change and the negative effects it has on countries. Consequently, billions of dollars have been allocated from the United Nations, the World Bank, the International Monetary Fund, and international actions. To address this phenomenon while dramatically reducing emissions and moving towards a green economy.



What is the role of the World Bank in dealing with this phenomenon?

The World Bank focuses on the approach of green development that is resilient and inclusive, and has allocated about $ 200 billion until 2025 to help developing countries, which is what the World Bank Group seeks to implement effectively through country strategies and operations, especially since the World Bank Group is in a unique position to respond To the challenges before us through its multi-stakeholder capacity, global influence, ability to mobilize financing, technical assistance, and knowledge for the public and private sectors.


 

How is the process of facing the negative effects of climate change?

The World Bank Group has expanded its climate financing in the past two years, its continuing role as the largest multilateral source of climate investment in developing countries, its focus on biodiversity, and its technical and financial support for adaptation, mitigation and resilience activities.


The World Bank Group and the International Monetary Fund have also played a major role in assessing the impacts of climate change on macroeconomic and financial stability.


What are the most prominent negative impacts on countries?

First, action must be taken to meet immediate infrastructure and economic needs, while continuing to work with client countries to address climate change, land degradation and biodiversity loss, while at the same time facilitating access to cleaner and affordable energy.



What are the mechanisms for helping poor countries?

 Transitioning to a low-carbon economy, expanding green projects while studying countries' energy needs and mixes, and providing targeted support to the poorest countries.


Will traditional energy be dispensed with?

  These efforts will include the phasing out of inefficient energy support systems and other distorted fiscal policies whenever possible, especially that the poorest and most vulnerable groups of the population, including those living in situations of fragility, conflict and violence, and small states are among the most affected by Climate change, ecosystem degradation, and natural disasters.


Have these plans been funded to protect the environment?

The World Bank Group has set a goal of directing 35% of its financing commitments to climate activities in the Mediterranean, and its commitment to direct at least 50% of World Bank financing for climate activities to support adaptation and resilience measures, and its vital role in bringing together various parties and exchanging knowledge, and supporting an equitable transformation for countries that request these Support, alongside the preparation of country reports for climate and development, with the World Bank Group's commitment to align its financial flows with the Paris Climate Agreement, and to continue to assist countries in achieving their climate goals, including through national contributions to combat climate change, biodiversity strategies and national action plans. ”

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