In this article for Business Standard, Dr Rajiv Lall, Distinguished Fellow, Artha Global, writes that the World Bank Group must mobilise more capital to address mitigation challenges of the top greenhouse gas emitters to ensure the world adheres to the targets of the 2015 Paris agreement.
Excerpts below:
“To help the Bank preserve its poverty-fighting credentials and deliver on the climate mandate, the Global North must increase contributions to the IDA, which should focus on delivering adaptation finance to the poorest countries.”
“The Bank would be hugely effective in mobilising climate finance if it worked on increasing MIGA’s risk appetite and expanding its capitalisation, rather than IBRD’s”
Read the full article here.
