Weather in Bulgaria over the Weekend: Calm and Sunny, Rain Expected in the Evening
On May 18, expect sunny weather with cumulus clouds forming after noon, leading to isolated rain showers in mountainous regions
The World Bank on Monday unveiled $200 billion in climate action investment for 2021-25, adding this amounts to a doubling of its current five-year funding, reports AFP.
The World Bank said the move, coinciding with a UN climate summit meeting of some 200 nations in Poland, represented a "significantly ramped up ambition" to tackle climate change, "sending an important signal to the wider global community to do the same."
Developed countries are committed to lifting combined annual public and private spending to $100 billion in developing countries by 2020 to fight the impact of climate change -- up from 48.5 billion in 2016 and 56.7 billion last year, according to latest OECD data.
Southern hemisphere countries fighting the impact of warming temperatures are nonetheless pushing northern counterparts for firmer commitments.
In a statement, the World Bank said the breakdown of the $200 billion would comprise "approximately $100 billion in direct finance from the World Bank."
Around one third of the remaining funding will come from two World Bank Group agencies with the rest private capital "mobilised by the World Bank Group."
"If we don't reduce emissions and build adaptation now, we'll have 100 million more people living in poverty by 2030," John Roome, World Bank senior director for climate change, warned.
"And we also know that the less we address this issue proactively just in three regions -- Africa, South Asia and Latin America -- we'll have 133 million climate migrants," Roome told AFP.
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On May 18, expect sunny weather with cumulus clouds forming after noon, leading to isolated rain showers in mountainous regions
According to Assistant Professor Anastasia Stoycheva, PhD, the Director of the Department "Forecasts" at the National Institute of Meteorology and Hydrology
Today, several regions in the country are facing adverse weather conditions once again
Today, heavy rainfall is expected in several regions, including Sofia-city, as a yellow weather warning has been issued
On May 13th, the weather is expected to be predominantly cloudy across the country
A potent geomagnetic storm, the most formidable in two decades, has struck, instigated by successive coronal mass ejections from the Sun
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