The World Bank systematically analyzes the impact of climate change on the financial sector, the Bank's Vice President for Sustainable Development, Jurgen Vogele, said at the event "Global Financial System: Expanding Climate Action Financing" within the COP29, Report informs.
"The World Bank cannot do this work alone. Instead of competing with each other, we need to align priorities and work together, as sometimes different projects don't align with each other," Vögele emphasized.