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Environment

Clearing for a coal mine, Kalimantan forest,
Borneo. Credit: Andrew Taylor/WDM

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
bw-ifc-power-final

Environment

Analysis

Behind the fumes: the dirty truth behind the World Bank’s commitments on climate change

New report provides evidence that IFC investments in financial intermediaries (FIs) support the construction of coal power plants in contradiction to World Bank policy and IFC statements that FI lending is ring-fenced and does not support coal.

31 January 2017
Wind turbines in Thatta District, Pakistan. Credit: Asian Development Bank

Environment

Analysis

Clean Technology Fund (CTF)

A revised Clean Technology Fund (CTF) pipeline management and cancellation policy has been approved. A document outlining further details on the proposed “CTF 2.0” will be discussed. Approval for reallocation of funds for a Morocco project was challenged by Germany and the decision postponed.

30 November 2016
Women watering mukau sapplings in Kenya. Credit: Flore de Freneuf/World Bank

Environment

Analysis

Pilot Program for Climate Resilience (PPCR)

Pipeline management and cancellation policies are in preparation for the Pilot Program for Climate Resilience (PPCR) to address funding constraints, with no funding available for new pilot countries’ projects. Questions were raised about gender impacts for a renewable energy project in Mozambique.

30 November 2016
Piles of teak logs, Java, Indonesia. Credit: CIFOR

©Center For International Forestry Research/Murdani Usman

Environment

Analysis

Forest Investment Program (FIP)

Challenges in measuring progress were noted for the Forest Investment Program (FIP), in particular greenhouse gas accounting. Investment plans for Mozambique and Ivory Coast have been approved. Questions were raised over the reasoning for a commercial teak plantation project in Ghana.

30 November 2016
Solar panels in Rohertek, Bangladesh. Credit: Dominic Chavez, World Bank

Environment

Analysis

Scaling Up Renewable Energy Program (SREP)

A new a new Enhanced Private Sector Program for the Scaling up Renewable Energy Program in Low Income Countries (SREP) is due to discussed. Cambodia’s investment plan has been approved. Social, environmental and financial risks related to a Nicaragua geothermal project were raised.

30 November 2016
Credit: Australian Government, Department of Foreign Affairs

Environment

News

World Bank’s new Forest Action Plan questioned

The World Bank has released its Forest Action Plan, but civil society raised concerns, including regarding lack of impact in light of the outcomes of the safeguards review and the links to the Forest Carbon Partnership Facility.

29 June 2016
Credit: Flickr Green Prophet

Environment

Analysis

Clean Technology Fund (CTF)

The upcoming Clean Technology Fund (CTF) resource shortfall continues to raise concerns. A proposal for “CTF 2.0” will be discussed, including two proposed modalities: CTF Green Markets and the Risk Mitigation Facility. Concerns were raised over safeguards for a geothermal energy project in Indonesia.

13 June 2016

Other news

Environment

Background

25 April 2017 | Minutes

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.

Environment

Background

7 October 2016 | Minutes

Safeguarding climate finance: GCF, MDBs, rights, and social/environmental risk

Notes from a side event at the IMF/World Bank 2016 annual meetings discussing lessons learned from the World Bank Group’s experiences with high risk projects, safeguards, gender equality, Indigenous Peoples, and environmental and social management systems, and how these should be applied to the Green Climate Fund.

Private Sector

Background

5 October 2016 | Minutes

Examining the IFC’s climate and forest footprint in its financial sector investments

Notes from a side event at the IMF/World Bank 2016 annual meetings on how the World Bank Group can ensure that its financial intermediary investments are consistent with its forest and climate commitments.

Environment

Background

18 April 2016 | Minutes

World Bank Group Forest Action Plan FY16-20: The WBG contribution to the forest agenda

Notes from a meeting during the IMF/World Bank 2016 spring meetings with a presentation and dialogue with CSOs on the Bank's new Forest Action Plan.

Infrastructure

News

5 April 2016

Investigation on World Bank support for Mongolia mining project deferred

The Inspection Panel has deferred a decision to investigate a complaint regarding environmental, social and economic damage related to a World Bank funded mining project in Mongolia.

Rights

News

5 April 2016

World Bank’s proposed standards “gravely weaken” investment safeguards

As the World Bank closed the third and final round of public consultations on its new draft social and environmental standards, further concerns have been raised about problematic and weak language.

Infrastructure

News

8 February 2016

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.

Environment

Background

6 October 2015 | Minutes

Toward COP21: A panorama of World Bank Group’s approach in supporting Peru’s climate agenda

Notes from a meeting at the IMF/World Bank CSO Forum at the 2015 Annual meetings, focusing on impact of World Bank support to Peru's climate change strategies.