Climate change

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

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

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
The IMF's managing director Kristalina Georgieva, among others, at a seminar entitled, 'Can Central Banks Fight Climate Change' during the 2019 IMF Annual Meetings.

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.

12 December 2019

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.

1 November 2019 | Minutes

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.

28 October 2019 | Minutes

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