Germany, Spain Commit $100 Million to Climate Adaptation Program
German Chancellor Friedrich Merz and Spanish Prime Minister Pedro Sanchez.
Photographer: Pablo Blazquez Dominguez/Getty ImagesThe Climate Investment Funds, a $13 billion multilateral vehicle that sits inside the World Bank, has raised $100 million in funding from Germany and Spain for a new program designed to help poor countries withstand the fallout from climate change.
The contributions were announced on Monday at an event held during the United Nations COP30 climate summit in the Amazonian city of Belem in Brazil where adaptation is high on the agenda.