African countries to receive $22.5 billion in funding for climate adaptation and mitigation projects
The African continent contains many of the nations which are in danger of suffering the most from the declining climate situation. In order to survive, these areas need to prepare themselves for the inevitable changes, and move their infrastructures over to more sustainable practices.
In light of this, the World Bank has stepped in to help out, pledging to invest US$22.5 billion between 2021 and 2025; double what they had previously committed to climate projects over the past five years. This fund is aimed at increasing “adaptation and resilience to major climate impacts like catastrophic floods, droughts, water scarcity, coastal erosion, as well as preparing countries for a low carbon sustainable future” according to an official statement.