Climate change

Environment

News

World Bank’s new Climate Change Action Plan fails to deliver much-needed transformative agenda

Plan lacks detail in key areas, including concrete commitments to end fossil fuels support.

13 July 2021

Environment

News

World Bank's oil revenue outlook for Guyana at odds with climate action

Bank’s lofty projections for oil-based growth contradict more sober estimates that account for uncertainty in sector.

13 July 2021

Environment

News

Dutch government sued at World Bank tribunal for fossil fuel phase out plan

ICSID suit against Dutch government’s fossil phase out highlights threat to climate action posed by investor-to-state dispute settlement mechanisms

13 July 2021

Environment

News

IFC’s first Green Equity Approach client backs Indonesian coal plant expansion

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.

10 December 2020

Environment

Background

Why climate transition risks are macro-critical: The IMF and enabling a green recovery

Notes from the virtual Civil Society Policy Forum event on 30 March.

30 March 2021 | Minutes

Land

Analysis

The World Bank’s investments in the Great Green Wall: A desert mirage?

World Bank commits to invest additional $5 billion in the Great Green Wall over the next five years, despite shortcomings in its existing investments in the initiative highlighted by IEG.

23 March 2021

Infrastructure

News

World Bank technical assistance and policy lending lead to Jamaica gas lock-in

Bank support facilitated $1 billion in private investment in LNG on the island, despite the green credentials of natural gas being widely debunked.

23 March 2021

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.

28 September 2020 | Minutes
A fracking well in Vaca Muerta, Argentina.

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.

7 April 2020 | At Issue
Civil society groups call for the World Bank to stop financing fossil fuels outside its 2019 Annual Meetings in October

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.

12 December 2019