CSOs call for IFC to close remaining loopholes in Green Equity Approach, after equity client chosen to pilot the initiative makes investment in coal plant expansion in Indonesia.
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.
Environment
Background
Climate change and the Covid-19 recovery – the role of the IMF in building back better
Notes from the Civil Society Policy Forum session on 28 September.
Finance
Analysis
Fracking’s false hope: Why fossil fuels won’t help to repay Argentina’s national debt
Argentina’s strategy to increase fossil fuel exports to ease debt burden ignores need for increased state investments and climate commitments.
Environment
News
EIB rules out most fossil fuel funding from 2021, setting new benchmark for MDBs
New energy policy sees European Investment Bank end support for unabated coal, oil and gas from 2021.
Environment
News
IMF joins discussion on greening financial sector, as climate risks threaten macro-stability
Fund and central banks increasingly pondering macroeconomic policies to tackle climate risks.
Environment
Background
World Bank Group Paris Alignment: Governance & private sector participation in the energy sector
Notes from a Civil Society Policy Forum event on 16 October.
Environment
Background
The IMF & climate change: Can the Fund help countries avoid a ‘climate Minsky moment’?
Notes from the Civil Society Policy Forum event on 18 October on the role of the IMF in tackling climate risk.
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.
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’.
Featured briefings
14 December 2020
Gambling with our lives: Global emergencies expose consequences of decades of IMF and World Bank policies
Market-led policy approaches increasingly used to deal with both climate and health emergencies are failing to protect those most vulnerable.
10 December 2020
The Bretton Woods Observer: Winter 2020
12 October 2020