World Bank Group member The International Finance Corporation (IFC) predicts that Turkey will attract about $28 billion in investments in renewable energy by 2020.
Global efforts to tackle climate change are intrinsically tied to building new sustainable infrastructure, energy systems and economies. That’s why during last week’s COP22 climate talks in Marrakech, Morocco, the Climate Investment Funds and the African Development Bank partnered to share lessons from their collective experience.
Some are affected by drought, others by extreme wet conditions, some by heat and others by harsh winters.
At the UN’s global climate conference this week, governments and development partners came together to examine the role of financing in shaping some of Africa’s groundbreaking renewables successes such as Morocco’s Noor Concentrated Solar Power (CSP) plant.
Climate change is a global challenge that requires a global solution. Canada is committed to strong action on climate change and is working with its international partners to reduce greenhouse gas emissions.
Morocco knows it will be affected by climate change, it’s just a question of how badly. It is already feeling the effects: The rate of economic growth fell to 1.5% this year because of a severe drought in 2015.
As the United Nations Climate Conference, known as COP 22, continued its work today in Marrakech, Morocco, Secretary-General Ban Ki-moon urged greater efforts to mobilize funding to address climate change, especially to support developing countries.
Now is the time to turn climate promises into "effective policies and actions", says U.N. secretary-general
The devastation in floods, earthquakes or droughts is generally measured by how much stuff or assets people lose — say the number of wrecked houses and the dollar amount it would take to rebuild them.
China is expected to play a pivotal role in consolidating and enhancing South-South partnership, particularly when it comes to issues related to climate change.