Q. Consider the following statements regarding “Action Plan on Climate Change Adaptation and Resilience”:
1. It was launched by World Economic Forum.
2. Under the plan, 100 billion dollars were raised for climate finance from 2021 to 2025.
Which of the statements given above is/are correct?

[A] 1 only

[B] 2 only

[C] Both 1 and 2

[D] Neither 1 nor 2

Answer: D

The World Bank Group launched its Action Plan on Climate Change Adaptation and Resilience.  

  • Under the plan, the World Bank Group will ramp up direct adaptation climate finance to reach $50 billion over FY21–25.  
  • This financing level—an average of $10 billion a year—is more than double what was achieved during FY15-18.  
  • The World Bank Group will also pilot new approaches to increasing private finance for adaptation and resilience. 

Source: https://www.worldbank.org/en/news/press-release/2019/01/15/world-bank-group-announces-50-billion-over-five-years-for-climate-adaptation-and-resilience