World Bank Archives https://www.climatechangenews.com/tag/world-bank/ Climate change news, analysis, commentary, video and podcasts focused on developments in global climate politics Thu, 16 Apr 2026 14:23:53 +0000 en-GB hourly 1 https://www.climatechangenews.com/wp-content/files/2025/02/cropped-site-icon-120x120.png World Bank Archives https://www.climatechangenews.com/tag/world-bank/ 32 32 US pressure puts World Bank’s climate plan at risk https://www.climatechangenews.com/2026/04/16/us-pressure-puts-world-banks-climate-plan-at-risk/ https://www.climatechangenews.com/2026/04/16/us-pressure-puts-world-banks-climate-plan-at-risk/#respond Thu, 16 Apr 2026 14:23:51 +0000 https://www.climatechangenews.com/?p=84899 Closed-door talks over the World Bank’s climate agenda have stalled, as the US pushes to scrap green targets and expand support for fossil fuels

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]]> https://www.climatechangenews.com/2026/04/16/us-pressure-puts-world-banks-climate-plan-at-risk/feed/ 0 Broken debt system must be fixed to confront future climate shocks https://www.climatechangenews.com/2026/04/14/broken-debt-system-must-be-fixed-to-confront-future-climate-shocks/ https://www.climatechangenews.com/2026/04/14/broken-debt-system-must-be-fixed-to-confront-future-climate-shocks/#respond Tue, 14 Apr 2026 10:04:55 +0000 https://www.climatechangenews.com/?p=84719 New UN-supported forum should challenge a global system that leaves many Global South nations with zero fiscal breathing space to navigate climate disasters and economic crises

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]]> https://www.climatechangenews.com/2026/04/14/broken-debt-system-must-be-fixed-to-confront-future-climate-shocks/feed/ 0 Brazil hails World Bank decision to host forest fund ahead of COP30 launch https://www.climatechangenews.com/2025/10/22/brazil-hails-world-bank-decision-to-host-forest-fund-ahead-of-cop30-launch/ https://www.climatechangenews.com/2025/10/22/brazil-hails-world-bank-decision-to-host-forest-fund-ahead-of-cop30-launch/#respond Wed, 22 Oct 2025 12:33:53 +0000 https://www.climatechangenews.com/?p=77475 Brazil's showcase forest protection proposal, the Tropical Forest Forever Facility (TFFF), is betting on financial markets to keep rainforests standing

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]]> https://www.climatechangenews.com/2025/10/22/brazil-hails-world-bank-decision-to-host-forest-fund-ahead-of-cop30-launch/feed/ 0 Trump shifts US funds from shutting down foreign fossil fuels to expanding them https://www.climatechangenews.com/2025/05/13/trump-shifts-us-energy-funding-from-shutting-down-foreign-fossil-fuels-to-expanding-them/ https://www.climatechangenews.com/2025/05/13/trump-shifts-us-energy-funding-from-shutting-down-foreign-fossil-fuels-to-expanding-them/#respond Tue, 13 May 2025 13:20:59 +0000 https://www.climatechangenews.com/?p=70724 The US administration has pulled clean energy and just transition funding in South Africa and is pressuring EXIM and the World Bank to back fossil fuels

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]]> https://www.climatechangenews.com/2025/05/13/trump-shifts-us-energy-funding-from-shutting-down-foreign-fossil-fuels-to-expanding-them/feed/ 0 Climate shocks and volatile currencies hike debt burden for poor countries https://www.climatechangenews.com/2025/04/25/climate-shocks-and-volatile-currencies-hike-debt-burden-for-poor-countries/ https://www.climatechangenews.com/2025/04/25/climate-shocks-and-volatile-currencies-hike-debt-burden-for-poor-countries/#respond Fri, 25 Apr 2025 16:14:20 +0000 https://www.climatechangenews.com/?p=70270 Least-developed countries and island nations are struggling with crippling debt levels made worse by global currency fluctuations and climate disasters hitting their economies

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]]> https://www.climatechangenews.com/2025/04/25/climate-shocks-and-volatile-currencies-hike-debt-burden-for-poor-countries/feed/ 0 As Trump upends aid and markets, who will pay for green development in Global South? https://www.climatechangenews.com/2025/04/16/as-trump-upends-aid-and-markets-who-will-pay-for-green-development-in-global-south/ https://www.climatechangenews.com/2025/04/16/as-trump-upends-aid-and-markets-who-will-pay-for-green-development-in-global-south/#respond Wed, 16 Apr 2025 18:19:16 +0000 https://www.climatechangenews.com/?p=69970 Ahead of key donor meetings, experts say a combination of debt relief, private investment and innovative sources of finance could help fill the gap  

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]]> https://www.climatechangenews.com/2025/04/16/as-trump-upends-aid-and-markets-who-will-pay-for-green-development-in-global-south/feed/ 0 World Bank raises $100 billion for poor nations in boost for climate finance https://www.climatechangenews.com/2024/12/06/world-bank-raises-100-billion-for-poor-nations-in-boost-for-climate-finance/ Fri, 06 Dec 2024 17:30:27 +0000 https://www.climatechangenews.com/?p=55258 Countries increased their contributions to the International Development Association in its largest replenishment yet, but experts warn rising inflation means a real-term cut

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]]> How to fix the finance flows that are pushing our planet to the brink https://www.climatechangenews.com/2024/05/01/how-to-fix-the-finance-flows-that-are-pushing-our-planet-to-the-brink/ Wed, 01 May 2024 10:39:32 +0000 https://www.climatechangenews.com/?p=50879 Commercial banks are financing a huge amount of fossil-fuel and industrial agriculture activities in the Global South - they must turn off the tap

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]]> Will blossom of reform bear fruit? Spring Meetings leave too much to do  https://www.climatechangenews.com/2024/04/25/will-blossom-of-reform-bear-fruit-spring-meetings-leave-too-much-to-do/ Thu, 25 Apr 2024 14:30:43 +0000 https://www.climatechangenews.com/?p=50771 Changes are afoot at the IMF and World Bank - but debt-squeezed developing nations need far faster access to more finance for climate action

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]]> Fossil fuel debts are illegitimate and must be cancelled  https://www.climatechangenews.com/2024/04/16/fossil-fuel-debts-are-illegitimate-and-must-be-cancelled/ Tue, 16 Apr 2024 13:37:56 +0000 https://www.climatechangenews.com/?p=50670 The Spring Meetings of the World Bank and IMF are a chance to transform outstanding debts for fossil fuel projects into grants for renewable energy systems

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The post Fossil fuel debts are illegitimate and must be cancelled  appeared first on Climate Home News.

]]> World Bank climate funding greens African hotels while fishermen sink https://www.climatechangenews.com/2024/04/16/world-bank-climate-funding-greens-african-hotels-while-fishermen-sink/ Tue, 16 Apr 2024 08:00:47 +0000 https://www.climatechangenews.com/?p=50601 Climate Home reveals that the World Bank Group has counted support for luxury hotels as climate finance, which experts say fails the most vulnerable

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The post World Bank climate funding greens African hotels while fishermen sink appeared first on Climate Home News.

]]> Spring Meetings can jump-start financial reform for food and climate  https://www.climatechangenews.com/2024/04/10/spring-meetings-can-jump-start-financial-reform-for-food-and-climate/ Wed, 10 Apr 2024 14:03:17 +0000 https://www.climatechangenews.com/?p=50556 The World Bank and IMF have a big part to play in raising the $3 trillion needed to help countries meet global development goals and the Paris accord

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]]> World Bank approves green reforms, appeals for more money https://www.climatechangenews.com/2023/10/13/world-bank-approves-green-reforms-appeals-for-more-money/ Fri, 13 Oct 2023 16:09:49 +0000 https://www.climatechangenews.com/?p=49330 While technical tweaks should make the World Bank's capital go further, their impact depends on shareholders injecting fresh funds

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]]> .mepr-paywall-overlay { position: fixed; top: 0; left: 0; width: 100%; height: 100%; background-color: rgba(0, 0, 0, 0.7); align-items: center; justify-content: center; z-index: 9999; overflow-y: auto; } .mepr-paywall-container { box-sizing: border-box; width: 100%; height: auto; background-color: #fff; border-radius: 2px; padding: 20px 15em 3em; box-shadow: 0 0 20px rgba(0, 0, 0, 0.2); position: absolute; top: 50%; min-height: 50vh; transition: all 0.3s ease-out; } .mepr-paywall-container.active { transition: all 0.3s ease-out; top: 20%; min-height: 80vh; } body:has(.mepr-paywall-overlay) { overflow: hidden; } @media (max-width: 767px) { .mepr-paywall-container { padding-left: 40px; padding-right: 40px; } }

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]]> Saudi Arabia, Russia urge World Bank to keep funding fossil fuels https://www.climatechangenews.com/2023/10/12/saudi-arabia-russia-urge-world-bank-to-keep-funding-fossil-fuels/ Thu, 12 Oct 2023 16:40:11 +0000 https://www.climatechangenews.com/?p=49325 Major oil and gas producers hit back at World Bank reforms that aim to channel more money into clean energy

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]]> .mepr-paywall-overlay { position: fixed; top: 0; left: 0; width: 100%; height: 100%; background-color: rgba(0, 0, 0, 0.7); align-items: center; justify-content: center; z-index: 9999; overflow-y: auto; } .mepr-paywall-container { box-sizing: border-box; width: 100%; height: auto; background-color: #fff; border-radius: 2px; padding: 20px 15em 3em; box-shadow: 0 0 20px rgba(0, 0, 0, 0.2); position: absolute; top: 50%; min-height: 50vh; transition: all 0.3s ease-out; } .mepr-paywall-container.active { transition: all 0.3s ease-out; top: 20%; min-height: 80vh; } body:has(.mepr-paywall-overlay) { overflow: hidden; } @media (max-width: 767px) { .mepr-paywall-container { padding-left: 40px; padding-right: 40px; } }

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]]> World Bank targets dirty subsidies to fund climate action https://www.climatechangenews.com/2023/10/11/world-bank-targets-dirty-subsidies-to-fund-climate-action/ Wed, 11 Oct 2023 16:50:57 +0000 https://www.climatechangenews.com/?p=49322 The World Bank says it will try to get governments to stop spending public money making fossil fuels artificially cheap

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]]> .mepr-paywall-overlay { position: fixed; top: 0; left: 0; width: 100%; height: 100%; background-color: rgba(0, 0, 0, 0.7); align-items: center; justify-content: center; z-index: 9999; overflow-y: auto; } .mepr-paywall-container { box-sizing: border-box; width: 100%; height: auto; background-color: #fff; border-radius: 2px; padding: 20px 15em 3em; box-shadow: 0 0 20px rgba(0, 0, 0, 0.2); position: absolute; top: 50%; min-height: 50vh; transition: all 0.3s ease-out; } .mepr-paywall-container.active { transition: all 0.3s ease-out; top: 20%; min-height: 80vh; } body:has(.mepr-paywall-overlay) { overflow: hidden; } @media (max-width: 767px) { .mepr-paywall-container { padding-left: 40px; padding-right: 40px; } }

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The post World Bank targets dirty subsidies to fund climate action appeared first on Climate Home News.

]]> Public banks agree to check investments against countries’ climate plans https://www.climatechangenews.com/2023/06/27/global-development-banks-unveil-paris-alignment-rules-leaving-experts-underwhelmed/ Tue, 27 Jun 2023 13:12:07 +0000 https://www.climatechangenews.com/?p=48773 Ten multilateral development banks have agreed on how to make sure their investments meet climate goals. But experts told Climate Home the rules do not go far enough.

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]]> .mepr-paywall-overlay { position: fixed; top: 0; left: 0; width: 100%; height: 100%; background-color: rgba(0, 0, 0, 0.7); align-items: center; justify-content: center; z-index: 9999; overflow-y: auto; } .mepr-paywall-container { box-sizing: border-box; width: 100%; height: auto; background-color: #fff; border-radius: 2px; padding: 20px 15em 3em; box-shadow: 0 0 20px rgba(0, 0, 0, 0.2); position: absolute; top: 50%; min-height: 50vh; transition: all 0.3s ease-out; } .mepr-paywall-container.active { transition: all 0.3s ease-out; top: 20%; min-height: 80vh; } body:has(.mepr-paywall-overlay) { overflow: hidden; } @media (max-width: 767px) { .mepr-paywall-container { padding-left: 40px; padding-right: 40px; } }

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The post Public banks agree to check investments against countries’ climate plans appeared first on Climate Home News.

]]> World Bank to suspend debt repayments for disaster-hit countries https://www.climatechangenews.com/2023/06/22/world-bank-debt-disaster-climate/ Thu, 22 Jun 2023 16:41:25 +0000 https://www.climatechangenews.com/?p=48757 A pause on loan repayments can give vulnerable countries breathing space when hit by a natural catastrophe

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]]> .mepr-paywall-overlay { position: fixed; top: 0; left: 0; width: 100%; height: 100%; background-color: rgba(0, 0, 0, 0.7); align-items: center; justify-content: center; z-index: 9999; overflow-y: auto; } .mepr-paywall-container { box-sizing: border-box; width: 100%; height: auto; background-color: #fff; border-radius: 2px; padding: 20px 15em 3em; box-shadow: 0 0 20px rgba(0, 0, 0, 0.2); position: absolute; top: 50%; min-height: 50vh; transition: all 0.3s ease-out; } .mepr-paywall-container.active { transition: all 0.3s ease-out; top: 20%; min-height: 80vh; } body:has(.mepr-paywall-overlay) { overflow: hidden; } @media (max-width: 767px) { .mepr-paywall-container { padding-left: 40px; padding-right: 40px; } }

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The post World Bank to suspend debt repayments for disaster-hit countries appeared first on Climate Home News.

]]> World Bank set to take on risk of insuring carbon credits amid market upheaval https://www.climatechangenews.com/2023/06/08/world-bank-set-to-take-on-risk-of-insuring-carbon-credits-amid-market-upheaval/ Thu, 08 Jun 2023 13:04:19 +0000 https://www.climatechangenews.com/?p=48684 As a growing number of developing countries tighten control over carbon markets, MIGA plans to step in to provide political risk insurance and facilitate investments.

The post World Bank set to take on risk of insuring carbon credits amid market upheaval appeared first on Climate Home News.

]]> .mepr-paywall-overlay { position: fixed; top: 0; left: 0; width: 100%; height: 100%; background-color: rgba(0, 0, 0, 0.7); align-items: center; justify-content: center; z-index: 9999; overflow-y: auto; } .mepr-paywall-container { box-sizing: border-box; width: 100%; height: auto; background-color: #fff; border-radius: 2px; padding: 20px 15em 3em; box-shadow: 0 0 20px rgba(0, 0, 0, 0.2); position: absolute; top: 50%; min-height: 50vh; transition: all 0.3s ease-out; } .mepr-paywall-container.active { transition: all 0.3s ease-out; top: 20%; min-height: 80vh; } body:has(.mepr-paywall-overlay) { overflow: hidden; } @media (max-width: 767px) { .mepr-paywall-container { padding-left: 40px; padding-right: 40px; } }

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The post World Bank set to take on risk of insuring carbon credits amid market upheaval appeared first on Climate Home News.

]]> World Bank body delays vote on controversial loan to Brazilian dairy firm https://www.climatechangenews.com/2023/05/25/world-bank-body-delays-vote-on-controversial-loan-to-brazilian-dairy-firm/ Thu, 25 May 2023 10:16:25 +0000 https://climatechangenews.com/?p=48498 Campaigners say the $32m loan to dairy firm Alvoar Lacteos could damage forests in Brazil

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]]> .mepr-paywall-overlay { position: fixed; top: 0; left: 0; width: 100%; height: 100%; background-color: rgba(0, 0, 0, 0.7); align-items: center; justify-content: center; z-index: 9999; overflow-y: auto; } .mepr-paywall-container { box-sizing: border-box; width: 100%; height: auto; background-color: #fff; border-radius: 2px; padding: 20px 15em 3em; box-shadow: 0 0 20px rgba(0, 0, 0, 0.2); position: absolute; top: 50%; min-height: 50vh; transition: all 0.3s ease-out; } .mepr-paywall-container.active { transition: all 0.3s ease-out; top: 20%; min-height: 80vh; } body:has(.mepr-paywall-overlay) { overflow: hidden; } @media (max-width: 767px) { .mepr-paywall-container { padding-left: 40px; padding-right: 40px; } }

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The post World Bank body delays vote on controversial loan to Brazilian dairy firm appeared first on Climate Home News.

]]> Saudi Arabia, Russia push for more World Bank money into carbon capture https://www.climatechangenews.com/2023/04/14/saudi-arabia-russia-push-for-more-world-bank-money-into-carbon-capture/ Fri, 14 Apr 2023 12:57:05 +0000 https://www.climatechangenews.com/?p=48395 At a meeting discussing the World Bank's stronger focus on climate, Russia has also urged the lender to extend its support for gas projects.

The post Saudi Arabia, Russia push for more World Bank money into carbon capture appeared first on Climate Home News.

]]> .mepr-paywall-overlay { position: fixed; top: 0; left: 0; width: 100%; height: 100%; background-color: rgba(0, 0, 0, 0.7); align-items: center; justify-content: center; z-index: 9999; overflow-y: auto; } .mepr-paywall-container { box-sizing: border-box; width: 100%; height: auto; background-color: #fff; border-radius: 2px; padding: 20px 15em 3em; box-shadow: 0 0 20px rgba(0, 0, 0, 0.2); position: absolute; top: 50%; min-height: 50vh; transition: all 0.3s ease-out; } .mepr-paywall-container.active { transition: all 0.3s ease-out; top: 20%; min-height: 80vh; } body:has(.mepr-paywall-overlay) { overflow: hidden; } @media (max-width: 767px) { .mepr-paywall-container { padding-left: 40px; padding-right: 40px; } }

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The post Saudi Arabia, Russia push for more World Bank money into carbon capture appeared first on Climate Home News.

]]> World Bank’s baby steps – Climate Weekly https://www.climatechangenews.com/2023/04/14/world-banks-baby-steps-climate-weekly/ Fri, 14 Apr 2023 11:32:24 +0000 https://www.climatechangenews.com/?p=48400 Sign up to get our weekly newsletter straight to your inbox, plus breaking news, investigations and extra bulletins from key events

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]]> .mepr-paywall-overlay { position: fixed; top: 0; left: 0; width: 100%; height: 100%; background-color: rgba(0, 0, 0, 0.7); align-items: center; justify-content: center; z-index: 9999; overflow-y: auto; } .mepr-paywall-container { box-sizing: border-box; width: 100%; height: auto; background-color: #fff; border-radius: 2px; padding: 20px 15em 3em; box-shadow: 0 0 20px rgba(0, 0, 0, 0.2); position: absolute; top: 50%; min-height: 50vh; transition: all 0.3s ease-out; } .mepr-paywall-container.active { transition: all 0.3s ease-out; top: 20%; min-height: 80vh; } body:has(.mepr-paywall-overlay) { overflow: hidden; } @media (max-width: 767px) { .mepr-paywall-container { padding-left: 40px; padding-right: 40px; } }

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]]> Developing countries call for new government funds for World Bank https://www.climatechangenews.com/2023/04/13/developing-countries-call-for-new-government-funds-for-world-bank/ Thu, 13 Apr 2023 15:39:53 +0000 https://www.climatechangenews.com/?p=48393 Developing nations have called for a capital increase for the World Bank, while rich nations want to stick to accounting tweaks.

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]]> .mepr-paywall-overlay { position: fixed; top: 0; left: 0; width: 100%; height: 100%; background-color: rgba(0, 0, 0, 0.7); align-items: center; justify-content: center; z-index: 9999; overflow-y: auto; } .mepr-paywall-container { box-sizing: border-box; width: 100%; height: auto; background-color: #fff; border-radius: 2px; padding: 20px 15em 3em; box-shadow: 0 0 20px rgba(0, 0, 0, 0.2); position: absolute; top: 50%; min-height: 50vh; transition: all 0.3s ease-out; } .mepr-paywall-container.active { transition: all 0.3s ease-out; top: 20%; min-height: 80vh; } body:has(.mepr-paywall-overlay) { overflow: hidden; } @media (max-width: 767px) { .mepr-paywall-container { padding-left: 40px; padding-right: 40px; } }

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The post Developing countries call for new government funds for World Bank appeared first on Climate Home News.

]]> World Bank steering committee and US urge for reforms on climate lending https://www.climatechangenews.com/2023/04/13/world-bank-steering-committee-us-urge-climate-finance-reform/ Thu, 13 Apr 2023 03:36:48 +0000 https://climatechangenews.com/?p=48389 At the World Bank's spring meeting, US Treasury Secretary Janet Yellen called for the adoption of a reform that would free up funds for climate lending.

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]]> .mepr-paywall-overlay { position: fixed; top: 0; left: 0; width: 100%; height: 100%; background-color: rgba(0, 0, 0, 0.7); align-items: center; justify-content: center; z-index: 9999; overflow-y: auto; } .mepr-paywall-container { box-sizing: border-box; width: 100%; height: auto; background-color: #fff; border-radius: 2px; padding: 20px 15em 3em; box-shadow: 0 0 20px rgba(0, 0, 0, 0.2); position: absolute; top: 50%; min-height: 50vh; transition: all 0.3s ease-out; } .mepr-paywall-container.active { transition: all 0.3s ease-out; top: 20%; min-height: 80vh; } body:has(.mepr-paywall-overlay) { overflow: hidden; } @media (max-width: 767px) { .mepr-paywall-container { padding-left: 40px; padding-right: 40px; } }

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The post World Bank steering committee and US urge for reforms on climate lending appeared first on Climate Home News.

]]> What’s at stake for climate at the World Bank’s spring meeting? https://www.climatechangenews.com/2023/04/06/whats-at-stake-for-climate-at-the-world-banks-spring-meeting/ Thu, 06 Apr 2023 16:14:28 +0000 https://www.climatechangenews.com/?p=48366 The World Bank controls tens of billions of dollars which can make a real difference in the fight against climate change. A coalition of nations is pushing for green reforms.

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]]> .mepr-paywall-overlay { position: fixed; top: 0; left: 0; width: 100%; height: 100%; background-color: rgba(0, 0, 0, 0.7); align-items: center; justify-content: center; z-index: 9999; overflow-y: auto; } .mepr-paywall-container { box-sizing: border-box; width: 100%; height: auto; background-color: #fff; border-radius: 2px; padding: 20px 15em 3em; box-shadow: 0 0 20px rgba(0, 0, 0, 0.2); position: absolute; top: 50%; min-height: 50vh; transition: all 0.3s ease-out; } .mepr-paywall-container.active { transition: all 0.3s ease-out; top: 20%; min-height: 80vh; } body:has(.mepr-paywall-overlay) { overflow: hidden; } @media (max-width: 767px) { .mepr-paywall-container { padding-left: 40px; padding-right: 40px; } }

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]]> World Bank’s private sector arm to stop supporting new coal   https://www.climatechangenews.com/2023/04/06/world-banks-private-sector-arm-to-stop-supporting-new-coal/ Thu, 06 Apr 2023 07:47:58 +0000 https://climatechangenews.com/?p=48362 The International Finance Corporation is closing a loophole that allowed its financial clients to continue funding new coal projects 

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]]> .mepr-paywall-overlay { position: fixed; top: 0; left: 0; width: 100%; height: 100%; background-color: rgba(0, 0, 0, 0.7); align-items: center; justify-content: center; z-index: 9999; overflow-y: auto; } .mepr-paywall-container { box-sizing: border-box; width: 100%; height: auto; background-color: #fff; border-radius: 2px; padding: 20px 15em 3em; box-shadow: 0 0 20px rgba(0, 0, 0, 0.2); position: absolute; top: 50%; min-height: 50vh; transition: all 0.3s ease-out; } .mepr-paywall-container.active { transition: all 0.3s ease-out; top: 20%; min-height: 80vh; } body:has(.mepr-paywall-overlay) { overflow: hidden; } @media (max-width: 767px) { .mepr-paywall-container { padding-left: 40px; padding-right: 40px; } }

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The post World Bank’s private sector arm to stop supporting new coal   appeared first on Climate Home News.

]]> World Bank backs mega dam threatening to displace thousands in Mozambique https://www.climatechangenews.com/2023/03/06/world-bank-backs-mega-dam-threatening-to-displace-thousands-in-mozambique/ Mon, 06 Mar 2023 15:47:16 +0000 https://climatechangenews.com/?p=48164 The World Bank argues the project will accelerate the energy transition in southern Africa, but people facing displacement say their voices are not being heard

The post World Bank backs mega dam threatening to displace thousands in Mozambique appeared first on Climate Home News.

]]> .mepr-paywall-overlay { position: fixed; top: 0; left: 0; width: 100%; height: 100%; background-color: rgba(0, 0, 0, 0.7); align-items: center; justify-content: center; z-index: 9999; overflow-y: auto; } .mepr-paywall-container { box-sizing: border-box; width: 100%; height: auto; background-color: #fff; border-radius: 2px; padding: 20px 15em 3em; box-shadow: 0 0 20px rgba(0, 0, 0, 0.2); position: absolute; top: 50%; min-height: 50vh; transition: all 0.3s ease-out; } .mepr-paywall-container.active { transition: all 0.3s ease-out; top: 20%; min-height: 80vh; } body:has(.mepr-paywall-overlay) { overflow: hidden; } @media (max-width: 767px) { .mepr-paywall-container { padding-left: 40px; padding-right: 40px; } }

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The post World Bank backs mega dam threatening to displace thousands in Mozambique appeared first on Climate Home News.

]]> US backs Ajay Banga to lead World Bank in climate fight https://www.climatechangenews.com/2023/02/23/us-backs-ajay-banga-to-lead-world-bank-in-climate-fight/ Thu, 23 Feb 2023 16:46:46 +0000 https://www.climatechangenews.com/?p=48096 The Indian-American businessman is likely to become the bank's next president, as the US traditionally chooses who leads the institution

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]]> .mepr-paywall-overlay { position: fixed; top: 0; left: 0; width: 100%; height: 100%; background-color: rgba(0, 0, 0, 0.7); align-items: center; justify-content: center; z-index: 9999; overflow-y: auto; } .mepr-paywall-container { box-sizing: border-box; width: 100%; height: auto; background-color: #fff; border-radius: 2px; padding: 20px 15em 3em; box-shadow: 0 0 20px rgba(0, 0, 0, 0.2); position: absolute; top: 50%; min-height: 50vh; transition: all 0.3s ease-out; } .mepr-paywall-container.active { transition: all 0.3s ease-out; top: 20%; min-height: 80vh; } body:has(.mepr-paywall-overlay) { overflow: hidden; } @media (max-width: 767px) { .mepr-paywall-container { padding-left: 40px; padding-right: 40px; } }

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The post US backs Ajay Banga to lead World Bank in climate fight appeared first on Climate Home News.

]]> India set to push for green World Bank reforms at G20 https://www.climatechangenews.com/2023/02/23/india-set-to-push-for-green-world-bank-reforms-at-g20/ Thu, 23 Feb 2023 10:59:06 +0000 https://www.climatechangenews.com/?p=48094 India wants the World Bank to lend more money for climate finance, at cheaper rates, in developing countries and will use its G20 chair to push this agenda

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]]> .mepr-paywall-overlay { position: fixed; top: 0; left: 0; width: 100%; height: 100%; background-color: rgba(0, 0, 0, 0.7); align-items: center; justify-content: center; z-index: 9999; overflow-y: auto; } .mepr-paywall-container { box-sizing: border-box; width: 100%; height: auto; background-color: #fff; border-radius: 2px; padding: 20px 15em 3em; box-shadow: 0 0 20px rgba(0, 0, 0, 0.2); position: absolute; top: 50%; min-height: 50vh; transition: all 0.3s ease-out; } .mepr-paywall-container.active { transition: all 0.3s ease-out; top: 20%; min-height: 80vh; } body:has(.mepr-paywall-overlay) { overflow: hidden; } @media (max-width: 767px) { .mepr-paywall-container { padding-left: 40px; padding-right: 40px; } }

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The post India set to push for green World Bank reforms at G20 appeared first on Climate Home News.

]]> “First step”: Reformers react to World Bank plan to free up climate spending https://www.climatechangenews.com/2023/02/21/first-step-reformers-react-to-world-bank-plan-to-free-up-climate-spending/ Tue, 21 Feb 2023 16:19:56 +0000 https://www.climatechangenews.com/?p=48085 The bank plans to relax its lending rules to channel more money into projects tackling climate change - but officials pushing the reform say it is too timid

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]]> .mepr-paywall-overlay { position: fixed; top: 0; left: 0; width: 100%; height: 100%; background-color: rgba(0, 0, 0, 0.7); align-items: center; justify-content: center; z-index: 9999; overflow-y: auto; } .mepr-paywall-container { box-sizing: border-box; width: 100%; height: auto; background-color: #fff; border-radius: 2px; padding: 20px 15em 3em; box-shadow: 0 0 20px rgba(0, 0, 0, 0.2); position: absolute; top: 50%; min-height: 50vh; transition: all 0.3s ease-out; } .mepr-paywall-container.active { transition: all 0.3s ease-out; top: 20%; min-height: 80vh; } body:has(.mepr-paywall-overlay) { overflow: hidden; } @media (max-width: 767px) { .mepr-paywall-container { padding-left: 40px; padding-right: 40px; } }

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]]> Another sceptic bites the dust – Climate Weekly https://www.climatechangenews.com/2023/02/17/another-sceptic-bites-the-dust-climate-weekly/ Fri, 17 Feb 2023 12:37:53 +0000 https://www.climatechangenews.com/?p=48064 Sign up to get our weekly newsletter straight to your inbox, plus breaking news, investigations and extra bulletins from key events

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]]> .mepr-paywall-overlay { position: fixed; top: 0; left: 0; width: 100%; height: 100%; background-color: rgba(0, 0, 0, 0.7); align-items: center; justify-content: center; z-index: 9999; overflow-y: auto; } .mepr-paywall-container { box-sizing: border-box; width: 100%; height: auto; background-color: #fff; border-radius: 2px; padding: 20px 15em 3em; box-shadow: 0 0 20px rgba(0, 0, 0, 0.2); position: absolute; top: 50%; min-height: 50vh; transition: all 0.3s ease-out; } .mepr-paywall-container.active { transition: all 0.3s ease-out; top: 20%; min-height: 80vh; } body:has(.mepr-paywall-overlay) { overflow: hidden; } @media (max-width: 767px) { .mepr-paywall-container { padding-left: 40px; padding-right: 40px; } }

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The post Another sceptic bites the dust – Climate Weekly appeared first on Climate Home News.

]]> World Bank proposes freeing up $4bn by loosening lending rules https://www.climatechangenews.com/2023/02/17/world-bank-proposes-freeing-up-4bn-by-loosening-lending-rules/ Fri, 17 Feb 2023 10:20:38 +0000 https://www.climatechangenews.com/?p=48060 The bank is under pressure to free up more money to tackle climate change but one expert said this measure does not go far enough

The post World Bank proposes freeing up $4bn by loosening lending rules appeared first on Climate Home News.

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The post World Bank proposes freeing up $4bn by loosening lending rules appeared first on Climate Home News.

]]> World Bank chief to step down early after climate controversy https://www.climatechangenews.com/2023/02/16/world-bank-chief-steps-down-climate-controversy/ Thu, 16 Feb 2023 12:53:24 +0000 https://www.climatechangenews.com/?p=48054 Last year, the World Bank's president David Malpass refused to accept the scientific consensus on global warming, leading to calls for the US government to push him out

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The post World Bank chief to step down early after climate controversy appeared first on Climate Home News.

]]> World Bank moots stronger strategic focus on climate action https://www.climatechangenews.com/2023/01/05/world-bank-moots-stronger-strategic-focus-on-climate-action/ Thu, 05 Jan 2023 17:16:58 +0000 https://www.climatechangenews.com/?p=47859 A draft document suggests the bank will broaden its "twin goals" of boosting prosperity and ending extreme poverty to encompass climate action

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The post World Bank moots stronger strategic focus on climate action appeared first on Climate Home News.

]]> US, Germany back ‘fundamental reform’ of World Bank to scale climate finance https://www.climatechangenews.com/2022/10/12/us-germany-world-bank-reform-climate-finance/ Wed, 12 Oct 2022 18:04:41 +0000 https://www.climatechangenews.com/?p=47326 A group of 10 countries led by the US and Germany have presented the bank's management with a plan to reform the institution this week

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]]> Mia Mottley builds global coalition to make financial system fit for climate action https://www.climatechangenews.com/2022/09/23/mia-mottley-builds-global-coalition-to-make-financial-system-fit-for-climate-action/ Fri, 23 Sep 2022 14:31:43 +0000 https://www.climatechangenews.com/?p=47224 In July, Barbados' prime minister invited leaders to a retreat to discuss plans to scale-up international finance for the climate frontlines. Now, she's asking the world for support

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]]> To meet net zero by 2050 we need a long-term vision for carbon pricing https://www.climatechangenews.com/2021/05/26/meet-net-zero-2050-need-long-term-vision-carbon-pricing/ Wed, 26 May 2021 13:14:20 +0000 https://www.climatechangenews.com/?p=44134 Only about 3.8% of global emissions are covered by a carbon price above $40 a tonne - that needs to change if the world is to meet the Paris Agreement goals

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The post To meet net zero by 2050 we need a long-term vision for carbon pricing appeared first on Climate Home News.

]]> Why Grenada had to nationalise its electricity for $60m to pursue renewables https://www.climatechangenews.com/2021/02/05/grenada-nationalise-electricity-60m-pursue-renewables/ Fri, 05 Feb 2021 14:15:17 +0000 https://www.climatechangenews.com/?p=43169 A one-sided privatisation deal and flawed World Bank advice landed Grenada with a hefty legal bill to reform its electricity sector and cut reliance on polluting diesel

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The post Why Grenada had to nationalise its electricity for $60m to pursue renewables appeared first on Climate Home News.

]]> World Bank branch indirectly backs coal megaproject despite green pledge https://www.climatechangenews.com/2020/10/22/world-bank-branch-indirectly-backs-coal-megaproject-despite-green-pledge/ Thu, 22 Oct 2020 16:22:30 +0000 https://www.climatechangenews.com/?p=42731 International Finance Corporation piloted its green equity policy with an Indonesian bank, which went on to fund a 2,000 MW coal complex

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The post World Bank branch indirectly backs coal megaproject despite green pledge appeared first on Climate Home News.

]]> One billion without power need new World Bank president to keep faith https://www.climatechangenews.com/2019/04/08/one-billion-without-power-need-new-world-bank-president-keep-faith/ Mon, 08 Apr 2019 05:00:28 +0000 https://www.climatechangenews.com/?p=39138 As the bank welcomes its new boss, he must fulfil its mission to prevent climate change by bringing clean energy to those currently in the dark

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The post One billion without power need new World Bank president to keep faith appeared first on Climate Home News.

]]> Departing World Bank chief leaves climate job unfinished https://www.climatechangenews.com/2019/01/09/departing-world-bank-chief-leaves-climate-job-unfinished/ Wed, 09 Jan 2019 17:02:29 +0000 http://www.climatechangenews.com/?p=38479 Jim Kim reformed world's largest development lender, but it continues to finance fossil fuels and his climate legacy could be challenged if the US chooses his successor

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The post Departing World Bank chief leaves climate job unfinished appeared first on Climate Home News.

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