Western Balkans must invest USD 37 billion to protect people from escalating climate change impacts
- Admin
- Jul 21, 2024
- 1 min read
The six economies of the Western Balkans need to collectively invest at least USD 37 billion over the next decade to protect people and property from climate change impacts. World Bank's Country Climate and Development Report outlines the need for climate action investments to avoid losses and accelerate economic growth. The report underlines the significance of climate adaptation investments, with estimated significant returns. It suggests three categories of policies for achieving climate neutrality by 2050 and emphasizes cross-border collaboration and targeted policies for vulnerable communities.
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