World Bank must take ‘quantum leap’ to tackle climate crisis, UN expert says

Simon Stiell calls for reform at development banks to enable governments to provide more climate finance to developing world

The World Bank must take a quantum leap" to provide new finance to tackle the climate crisis or face climate-driven economic catastrophe" that would bring all the world's economies to a halt, the UN climate chief has said.

Simon Stiell warned that there were just two years left to draw up an international plan for the climate that would cut greenhouse gas emissions in line with the goal of limiting temperature rises to 1.5C above preindustrial levels.