SHARM EL-SHEIKH (Reuters) – About half of the World Bank’s $32 billion of climate financing is for adaptation to climate change, the body’s president David Malpass said on Wednesday during the COP27 climate conference in Egypt.

“As we go forward we need to build those efforts but also bring more donors into adaptation,” Malpass said.

(Reporting by Kate Abnett; Writing by Lina Najem; Editing by Andrew Heavens)