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Ajay Banga headshot
Ajay Banga headshot

Ajay Banga Remarks High Level Segment Summit on Methane at COP28 in Dubai, UAE

"The frontier of methane reduction is one such area where the World Bank believes there are answers at our fingertips. That is why the World Bank is taking action, scaling proven – and urgently needed – strategies that can decisively bend the methane emission curve.”


Online Media Briefing Center (OMBC) news for accredited journalists


Global gas flaring image
Dec 04, 2023

The World Bank is taking bold action to decisively bend the methane emission curve, announcing its intent to launch at least 15 country-led programs in the next 18 months. These programs will aim to slash up to 10 million tons of methane (over investment lifespans).

Photo: World Bank
Dec 04, 2023

Domestic food price inflation remains high. Inflation higher than 5% is experienced in 61.9% of low-income countries, 80% of lower-middle-income countries, and 50% of upper-middle-income countries and many experiencing double-digit inflation.

Cop Climate Finance
Dec 01, 2023

 With an ambitious financing package announced at COP28, the World Bank Group is helping people in developing countries better withstand the devastation of climate change and create a better world for their children and grandchildren.

Hand holding coins and tree with icons of energy sources for renewable
Dec 01, 2023

Today, the World Bank announced ambitious plans for the growth of high-integrity global carbon markets, with 15 countries set to earn income from the sale of carbon credits generated from preserving their forests.

Man drives rickshaw through flooded street
Dec 03, 2023

The World Bank announced today at COP28 a new Climate and Health Program to urgently respond to the rising negative health impacts of climate change in low- and middle-income countries.

Women watering mukau sapplings in Kenya's arid Eastern Province.
Dec 01, 2023

"We are here at a critical moment in the arc of humanity – and the planet. But it is not a moment without hope. The resources of wealthy nations can create opportunities, meanwhile the abundance of sun, wind, fertile soil, and young people enjoyed by emerging economies could drive our future."

Thinking farmer with digital tablet checking sustainable farming growth, progress or preparing farm export order on tech.
Nov 19, 2023

Digital technologies are transforming the way the world works and addresses climate change. A World Bank report, Green Digital Transformation: How to Sustainably Close the Digital Divide and Harness Digital Tools for Climate Action, underscores how digital tools can boost sustainability across industries but must also reduce their own carbon footprint.


Anna Bjerde at APEC
Nov 15, 2023

Rapid economic growth in developing APEC economies, especially in East Asia, has propelled unparalleled poverty reduction over the past decades. Since 1990, the number of people living in extreme poverty was reduced by over 1.3 billion. More than three quarters of those escaping extreme poverty were in the East Asia Pacific region.