Fund turns its attention to carbon pricing to support Paris Agreement alignment, as climate vulnerable countries see rising cost of climate impacts.
Climate change
Environment
News
IFC’s Green Equity Strategy faces set-back at Board
As climate crisis deepens, IFC’s Green Equity Strategy faces delay from World Bank’s Board, with CSO activists calling Board’s foot-dragging a ‘scandal’.
Environment
News
Despite new 2025 climate targets, World Bank's Paris Agreement alignment remains work in progress
Bank releases new targets for 'climate-related investments' between 2021-2025, but fails to introduce new restrictions on fossil fuel finance.
Environment
News
As climate crisis bites, World Bank further distances itself from coal
International Finance Corporation announced new ‘green equity’ policy to encourage financial intermediaries to divest from coal, while Bank pulled plug on mooted Kosovo coal project.
Environment
News
Landmark climate-change complaint against IFC lodged in Philippines
The Philippine Movement for Climate Justice (PMCJ) makes history by filing first ever climate-related complaint against the IFC with the Compliance Advisor Ombudsman (CAO).
Environment
News
Shared prosperity? WBG fails to progress on energy access for poor
A new civil society report criticises the World Bank for not doing enough to help meet Sustainable Energy for All (SEforAll) objective of achieving universal energy access by 2030.
Environment
News
Flirting with disaster? World Bank's push for climate insurance questioned
The World Bank continues to push climate and disaster insurance programmes, despite concerns that such schemes are being ‘oversold’ and do not address the root challenges of making countries more resilient to climate change.
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.
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.
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.
Featured briefings
15 August 2019
The World Bank and gender equality: Development Policy Financing
New BWP briefing offers critical gender analysis of World Bank lending instrument to borrowing countries.
30 July 2019
The Bretton Woods Observer: Summer 2019
30 July 2019
The Bretton Woods Institutions and the second crisis of multilateralism
At 75, the World Bank and IMF face a crisis of multilateralism in no small part of their own making as failed economic policies have resulted in skepticism of the international order they helped to create.