The World Bank has unveiled an ambitious climate action plan that will help developing countries add 30 gigawatts of renewable energy, bring early warning systems to a hundred million people and develop climate-smart agriculture investment plans for at least 40 nations.

• The target for achieving this is 2020, officials said as they released details of the Climate Change Action Plan, which comes just two weeks before world leaders officially sign the landmark Paris Agreement in New York.
• To maximise impact, the World Bank Action Plan is focused on helping countries shape national policies and leverage private sector investment.
• International Finance Corporation, a member of the World Bank Group, aims to expand its climate investments from the current $2.2 billion a year to a goal of $3.5 billion a year, and leverage an additional $13 billion a year in private sector financing by 2020.
• Apart from its own financing, the World Bank also intends to mobilise $25 billion in commercial financing for clean energy over the next five years.

Under the plan, the Bank would be working on expanding universal access to early-warning systems in the case of disasters, with the goal to provide 100 million additional people in 15 developing countries with access to these early-warning systems by the year 2020.