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Will the European Investment Bank commit more than $80 billion for climate action by end of 2024?
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Resolution / Starting Odds
Yes • 50%
No • 50%
European Investment Bank's official reports and announcements
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World Bank Climate Finance Hits Record $42.6 Billion in FY 2024, 44% of $97 Billion Total
Sep 20, 2024, 10:00 AM
The World Bank Group has announced that its climate finance reached a record $42.6 billion in the fiscal year 2024, marking a 10% increase from FY 2023. This amount represents 44% of the World Bank Group's total financing of $97 billion for FY 2024, nearly hitting the new target of 45% set for FY 2025. Additionally, multilateral development banks, including the European Investment Bank (EIB), committed a record $125 billion for climate action in 2023, with $75 billion allocated for mitigation and adaptation projects in low- and middle-income countries. The European Bank for Reconstruction and Development (EBRD) noted high levels of private sector mobilisation, reaching $26.7 billion for climate finance in 2024. The International Finance Corporation (IFC_org) continues to play a significant role in mobilizing private capital, and further collaboration is expected as COP29_AZ approaches.
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Yes • 50%
No • 50%
Yes • 50%
No • 50%
Less than $50 billion • 25%
$50 billion to $100 billion • 25%
$100 billion to $150 billion • 25%
More than $150 billion • 25%
World Bank • 25%
International Monetary Fund • 25%
United Nations • 25%
Other • 25%
None • 25%
Up to $500 million • 25%
$500 million to $1 billion • 25%
More than $1 billion • 25%
