The World Bank’s special envoy on climate change on Friday expressed confidence that industrialized countries will open their wallets when they gather in Paris later this year to bankroll a global strategy to reduce greenhouse gas emissions. “There will be a finance package and it will be a generous one,” World Bank Vice President Rachel Kyte told The Wall Street Journal at the sidelines of the meeting of Asia Pacific Economic Cooperation ministers in this central Philippine island. Ms. Kyte said talks on the financing package are continuing but she declined to quote the potential size of the financing package. Multilateral financial institutions, including the World Bank, already provide annually a combined $28 billion for projects intended to help developing countries mitigate the impact of and adapt to climate change, she noted. French President François Hollande last month anchored a final deal on climate change during the November-December […]