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World Bank promised to provide 200 million dollar for climate change during 2021-25

World Bank promised to provide 200 million dollar for climate change during 2021-25

The World Bank announced a plan of $ 200 billion investment on Monday to deal with the problem of climate change during 2021-25. This scheme is two times the World Bank's plan of the current five-year period. The World Bank said in the statement that out of this $ 200 billion fund, there would be about $ 100 billion direct finance. Nearly one-third of funding will be from the World Bank Group's agencies and the remaining private capital, which the World Bank will raise.

The World Bank said that it reflects a significant increase in ambition to deal with climate change. The World Bank has taken this step at a time when there is a meeting of about 200 nations in the United Nations Climate Summit in Poland. This move by the World Bank has indicated to the global community that they should take some similar initiative.

 According to OECD member countries statistics, the developed countries are committed to increasing the public and private annual expenditure to $ 100 billion in developing countries to tackle the challenge of climate change. This figure was $ 48.5 billion in 2016 and $ 56.7 billion in 2017.

 Senior director John Room, on the climate change of the World Bank, warned that if we do not reduce the emissions, then 10 million by 2030 and people will be living in poverty.

Q.1 World Bank promised to provide $ 200 billion during 2021-25 for what?
A. Infrastructure
B. Climate Change
C. Army &Security
D. Relief Work
Ans: Climate Change
Q.2 Where was the United Nations Climate Summit was organized?
A. Sweden
B. Norway
C. India
D. Poland
Ans: Poland

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