World Bank Project Deck

12 WORLD BANK GROUP'S CLIMATE CHANGE ACTION PLAN Aligning with the Paris Agreement, increasing Climate Finance World Bank to be Paris Aligned by July 1, 2023 Definition Provision of support to clients that is consistent with pathways towards equitable, sustainable, low-carbon, and climate- resilient development Country Circumstances Paris Agreement gives countries latitude in the pathways they choose based on country circumstances in integrating climate and development World Bank Group to Increase Overall Flows to Climate With at least 50% of climate financing going to adaptation World Bank Group Climate Finance ($ billion): $38.6B FY23 World Bank Group Climate Finance Target (%): 35% FY21-25 target 26% FY16-20 average delivered Adaptation Ensuring physical risk mitigation measures are fully embedded in project design THE DEVELOPMENT PODCAST PARIS2015 US CLIMATE CHANGE CONFERENCE COP21.CMP11 Mitigation Ensure investments support limiting global warming to well below 2 degrees, recognizing that peaking of GHG emissions will take longer for developing countries Learn more about the World Bank's Climate Change Action Plan (link) $21.4B FY21 *Institutions of the World Bank Group that contribute climate benefits include: IBRD, IDA, IFC and MIGA and averaged together. THE WORLD BANK Treasury

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