Boosting projects that help developing countries cut emissions and address climate risks, climate financing by the world’s six largest multilateral development banks (MDBs) rose to a record high of $43.1 billion in 2018, up more than 22% on the previous year, the European Bank for Reconstruction and Development (EBRD) said in a joint press release on 13 June. The previous year climate finance totalled $35.2 billion.

According to the EBRD, this is also a 60% increase since the adoption of the ...

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