The World Bank says it will stop financing upstream oil and gas projects after 2019.The Bretton Wood institution made this known on Tuesday at a climate summit intended to boost global shift to cleaner energy."As a global multilateral development institution, the World Bank Group is continuing to transform its own operations in recognition of a rapidly changing world," the bank [...]
Tag "global warming"
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Global warming remains the main reason for recent extreme weather conditions worldwide, including the long-lasting heat waves and scorching temperatures across the northern hemisphere, World Meteorological Organisation (WMO) said on Tuesday in its latest study.Using the climate assessment models of the intergovernmental panel on climate change, the WMO predicted that if greenhouse gas emissions continue to increase, the earth’s average [...]
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