UK government expands initiatives for climate finance and development

The UK government is convening an Investor Taskforce to increase private investment for climate and development in global markets. They announced up to £100 million of additional funding for the MOBILIST initiative, aimed at mobilizing $250 million for climate-focused projects. Furthermore, the World Bank’s recent bond issuance on the London Stock Exchange is expected to raise $7.5 billion over ten years for clean energy investments in developing countries.