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VideoDecember 19, 2018

World Bank Group at COP24: We Are Stepping Up Our Ambition

The World Bank Group was instrumental in raising ambition and supporting a constructive outcome at the UN Climate Change COP24 conference in Katowice, Poland.During the opening ceremony, the World Bank Group announced a major new set of climate targets for 2021-2025, doubling its current 5-year investments to around $200 billion in support for countries to take ambitious climate action. A key priority is boosting support for climate adaptation, recognizing that millions of people across the world are already facing the severe consequences of more extreme weather events. “It is up to each one of us to do everything we can if we do not our children and grandchildren will not forgive us,” said World Bank Chief Executive Officer, Kristalina Georgieva. "We, at the World Bank Group, are stepping up our ambition, committing $200 billion over five years."