What has the World Bank done to address climate change so far?
• The Bank has been active on several fronts. Here are just a few recent examples. • Under the Clean Energy Investment Framework (CEIF), the WBG increased its share of low carbon energy financing from 28% to 40 % (by volume of financing), and initiated several studies and programs on adaptation. • The Bank increased its funding for renewable energy and energy efficiency by 87% in fiscal year 2008, to close to US$2.7 billion. • The Bank has continued its pioneering role in carbon finance, launching the Forest Carbon Partnership Facility, to assist countries in reducing emissions from deforestation and forest degradation, and the Carbon Partnership Facility, to develop emission reductions and support their purchase over long periods after 2012. • Together with regional Development Banks (African Development Bank, Asian Development Bank, European Bank for Reconstruction and Development, Inter-American Development Bank), donors and developing countries, the Climate Investment Funds were de
