Fossil fuels

Infrastructure

News

Azerbaijani Laundromat to sully Bank’s reputation?

Scandal raises new questions about World Bank loans for Trans-Anatolian Pipeline (TANAP), after civil society previously raised concerns over human rights violations and the negative environmental impact of the project.

27 September 2017

Environment

Background

On track to 1.5C: Mainstreaming climate and forest actions in MDB lending and country strategies

Notes from a meeting at the IMF/World Bank 2017 spring meetings on MDB actions on climate change and forests.

25 April 2017 | Minutes

Environment

News

World Bank policy lending undermines climate goals

A CSO report has found that the World Bank’s development policy lending is supporting incentives for fossil fuels in Egypt, Indonesia, Mozambique and Peru.

6 April 2017
Mapa del Corredor de Gas del Sur. Crédito: Bankwatch

Infrastructure

Analysis

The rise and fall of World Bank funded megaprojects

The World Bank has announced funding for the controversial Southern Gas Corridor, while exiting two other high profile but problematic megaprojects, Inga 3 in Democratic Republic of Congo and Simandou in Guinea.

31 January 2017

Infrastructure

Analysis

World Bank set to finance criticised mega gas pipeline from Azerbaijan to Europe

The World Bank has announced its intention to fund the Azerbaijan and Turkey part of the Southern Gas Corridor to Europe, despite concerns over the geopolitical context and fossil fuel dependency.

29 June 2016 | Guest analysis

Environment

Analysis

Climate of controversy

Despite efforts to boost its influence within climate finance circles and a call to “decarbonise development”, the World Bank continues to support fossil fuels.

25 September 2015

Infrastructure

News

Report calls on the World Bank not to invest in Kosovo power plant

A report has cast further doubts on the viability and efficiency of the proposed lignite coal power plant in Kosovo which the World Bank is considering supporting.

8 February 2016

Infrastructure

News

New briefing: Multilateral Development Banks' unburnable carbon

Bretton Woods Project has published a briefing examining five MDBs' fossil fuel investments and exposure to the carbon bubble.

29 September 2014

Infrastructure

News

Risking the bottom line? World Bank infrastructure initiatives criticised

The Global Infrastructure Facility is expected to be launched as a World Bank-hosted programme in October. Concerns remain about the Bank’s continued support for fossil fuel infrastructure.

29 September 2014

Environment

Analysis

Multilateral Development Banks’ unburnable carbon

Bretton Woods Project briefing on MDBs' fossil fuel investments and exposure to the carbon bubble

17 September 2014 | Briefing