World Bank to Host Facility for Climate Disaster Risk
The World Bank will host a new facility that will help countries that suffer heavy economic loss due to climate change-driven disasters, its president David Malpass said on Tuesday.
Scholz announced at the UN Climate Change Conference in Egypt on Monday that it will offer 170 million euros for the Global Shield program.
(Reporting by William James; editing by Alex Richardson)
Photograph: In this photo provided by the Malacanang Presidential Photographers Division, houses are surrounded by floodwaters brought about by Typhoon Vamco inundate Cagayan valley region in northern Philippines on Sunday Nov. 15, 2020. Photo credit: Ace Morandante/Malacanang Presidential Photographers Division via AP.