$200bn set aside for climate change fund

IN THE wake of global climate change, the World Bank Group has allocated US$200 billion, which could benefit Zambia and other countries in mitigating its effects.
Under the programme, World Bank Group will support the integration of climate considerations in policy planning, investment design, implementation and evaluation, according to a press release on Thursday.
The Bank will also develop a new rating system to track and incentivise global progress. Actions will include supporting higher-quality forecasts, early warning systems and climate information services to better prepare 250 million people in 30 developing countries for climate risks.
In addition, the expected investments will build more climate-responsive social protection systems in 40 countries, and finance climate-smart agriculture investments in 20 countries.

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