Climate change

Environment

News

New director takes over Bank’s unfinished climate work

Juergen Voegele was appointed in July, replacing outgoing climate director John Roome.

3 October 2019

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).

6 December 2017

Environment

Analysis

Confronted with climate emergency, IMF belatedly attempts to "get real"

Fund turns its attention to carbon pricing to support Paris Agreement alignment, as climate vulnerable countries see rising cost of climate impacts.

30 July 2019

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’.

30 July 2019

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.

4 April 2019

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.

6 December 2018

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.

6 December 2017

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.

28 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