World Bank Supports Colombia's Climate Resilience

04 Apr 2024 CW Team

Colombia, renowned for its rich biodiversity and natural landscapes, faces mounting threats posed by climate change. From extreme weather events to rising sea levels, the nation grapples with a myriad of environmental challenges that imperil both its citizens and ecosystems. Recognizing the urgency of the situation, the World Bank has extended its support to Colombia's efforts in mitigating these risks and fostering sustainable development.

The approved loan will be instrumental in funding projects that focus on bolstering Colombia's urban infrastructure resilience. This includes initiatives aimed at enhancing water management systems, strengthening flood protection measures, and implementing climate-smart urban planning strategies. By prioritizing investments in resilient infrastructure, Colombia aims to build adaptive capacity and minimise vulnerabilities to climate-related hazards across its urban areas.

Moreover, the loan will facilitate the integration of climate resilience considerations into Colombia's development policies and strategies. Through capacity-building initiatives and knowledge sharing, the World Bank seeks to empower local stakeholders and decision-makers to make informed choices that safeguard communities and ecosystems from the impacts of climate change.

This financing aligns with Colombia's broader commitment to advancing its climate agenda and achieving its climate goals as outlined in the Paris Agreement. By leveraging international support and expertise, Colombia strives to accelerate its transition towards a low-carbon, climate-resilient future, ensuring sustainable development and prosperity for its citizens.

In summary, the World Bank's approval of a $750 million loan to Colombia underscores the global commitment to tackling climate change and supporting vulnerable nations in their quest for climate resilience. This financing represents a significant milestone in Colombia's journey towards building a more resilient and sustainable future for generations to come.

In a significant move towards bolstering climate resilience, the World Bank has greenlit a substantial loan of $750 million to Colombia. This financing, aimed at addressing climate change challenges, marks a pivotal step in fortifying the nation's urban infrastructure and enhancing its capacity to combat the adverse impacts of climate variability. Colombia, renowned for its rich biodiversity and natural landscapes, faces mounting threats posed by climate change. From extreme weather events to rising sea levels, the nation grapples with a myriad of environmental challenges that imperil both its citizens and ecosystems. Recognizing the urgency of the situation, the World Bank has extended its support to Colombia's efforts in mitigating these risks and fostering sustainable development. The approved loan will be instrumental in funding projects that focus on bolstering Colombia's urban infrastructure resilience. This includes initiatives aimed at enhancing water management systems, strengthening flood protection measures, and implementing climate-smart urban planning strategies. By prioritizing investments in resilient infrastructure, Colombia aims to build adaptive capacity and minimise vulnerabilities to climate-related hazards across its urban areas. Moreover, the loan will facilitate the integration of climate resilience considerations into Colombia's development policies and strategies. Through capacity-building initiatives and knowledge sharing, the World Bank seeks to empower local stakeholders and decision-makers to make informed choices that safeguard communities and ecosystems from the impacts of climate change. This financing aligns with Colombia's broader commitment to advancing its climate agenda and achieving its climate goals as outlined in the Paris Agreement. By leveraging international support and expertise, Colombia strives to accelerate its transition towards a low-carbon, climate-resilient future, ensuring sustainable development and prosperity for its citizens. In summary, the World Bank's approval of a $750 million loan to Colombia underscores the global commitment to tackling climate change and supporting vulnerable nations in their quest for climate resilience. This financing represents a significant milestone in Colombia's journey towards building a more resilient and sustainable future for generations to come.

Infrastructure Energy

14 Oct 2025

Mizoram To Build Rs 139 Billion Pumped Storage Power Plant

Mizoram Chief Minister Lalduhoma on Friday announced plans to construct a 2,400 MW pumped storage hydroelectric power plant in Hnahthial district, marking a major step towards achieving energy self-sufficiency in the state. Addressing the Mizo Students’ Union general conference in Hnahthial town, the Chief Minister said the plant would be developed across the Darzo Nallah, a tributary of the Tuipui river. Once operational, the project is expected to play a pivotal role in meeting Mizoram’s rising electricity demand and reducing dependence on imported power. Officials from the State Power..

Infrastructure Energy

14 Oct 2025

Centre Plans Nationwide Opening Of Power Retail Market

India is preparing to open up its retail electricity market to private companies nationwide, effectively ending the long-standing monopoly of state-run power distributors in most regions, according to a draft bill released by the Union Power Ministry on Friday. The move will enable major private sector players — including Adani Enterprises, Tata Power, Torrent Power, and CESC — to expand their presence across the country’s electricity distribution landscape. A similar reform attempt in 2022 had faced strong opposition from state-run distribution companies (discoms), which currently dom..

Infrastructure Energy

14 Oct 2025

CEA Sets 100 GW Nuclear Target For India By 2047

In a landmark step marking its 52nd Foundation Day, the Central Electricity Authority (CEA) unveiled an ambitious roadmap to develop 100 gigawatts (GW) of nuclear power capacity by 2047, aligning with India’s long-term Net-Zero commitment and energy security objectives. The event, held at the Central Water Commission auditorium in New Delhi’s R.K. Puram, was attended by Pankaj Agarwal, Secretary, Ministry of Power, who served as the Chief Guest. The roadmap sets out a detailed plan to expand India’s nuclear capacity from its current level of approximately 8,180 MW as of early 2025, outl..