{"id":55337,"date":"2021-06-24T11:51:06","date_gmt":"2021-06-24T10:51:06","guid":{"rendered":"https:\/\/www.lse.ac.uk\/granthaminstitute\/?post_type=news&p=55337"},"modified":"2024-08-16T10:18:21","modified_gmt":"2024-08-16T09:18:21","slug":"statement-by-lord-stern-on-the-world-bank-groups-climate-change-action-plan-for-2021-25","status":"publish","type":"news","link":"https:\/\/www.lse.ac.uk\/granthaminstitute\/news\/statement-by-lord-stern-on-the-world-bank-groups-climate-change-action-plan-for-2021-25\/","title":{"rendered":"Statement by Lord Stern on the World Bank Group\u2019s Climate Change Action Plan for 2021-25"},"content":{"rendered":"\n

Welcoming the publication this week of the World Bank Group’s Climate Change Action Plan<\/path><\/svg><\/a> for 2021-25, Nicholas Stern, Chair of the Grantham Research Institute on Climate Change and the Environment at the London School of Economics and Political Science, and former Chief Economist and Senior Vice President at the World Bank, said: “The new Climate Change Action Plan is a major and welcome advance by the World Bank and of great importance in shaping its future work. It marks a paradigm shift for the World Bank that can have a profound impact in scaling up support for climate action in the developing world. It is moving from investing in green projects to greening entire economies. It comes as countries seek sustainable economic pathways out of the COVID-19 pandemic and ahead of COP26. The Bank and other multilateral development banks can play a critical role in helping countries integrate climate in their development strategies, accelerate transformation to a low-carbon climate-resilient economy through scaling up sustainable investments and ramping up climate finance for developing countries over the coming years. They will help chart a new and attractive form of development and poverty reduction: strong, sustainable, resilient and inclusive.”<\/p>\n\n","protected":false},"excerpt":{"rendered":"\n

Welcoming the publication this week of the World Bank Group’s Climate Change Action Plan for 2021-25, Nicholas Stern, Chair of the Grantham…<\/p>\n\n","protected":false},"author":12,"featured_media":48591,"template":"","tags":[1917,831,1963,2099],"news-category":[15],"topic_area":[4692],"class_list":["post-55337","news","type-news","status-publish","has-post-thumbnail","hentry","tag-covid-19-pandemic-and-climate-change","tag-multilateral-development-banks","tag-sustainable-recovery","tag-world-bank","news-category-10-press-releases","topic_area-adaptation-and-resilience"],"acf":{"exclude_from_sync":{"ref_value":"field_560538b0e7350","value":"0","type":false,"post_type":""},"downloads":{"ref_value":"field_52f16cc1a80f2","value":false,"type":"repeater","post_type":""},"rss_newsletter":{"ref_value":"field_54f5c2c1544d8","value":"","type":false,"post_type":""},"spotlight":{"ref_value":"field_52f80896506d3","value":"","type":false,"post_type":""}},"yoast_head":"\nStatement by Lord Stern on the World Bank Group\u2019s Climate Change Action Plan for 2021-25 - 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