International community fails to deliver on 'Loss & Damage' while poorest countries become further indebted.
Climate finance
Environment
News
Climate Investment Funds quietly postpone decision on how to implement ‘sunset clause’
CIFs indefinitely postpone decision on when they will close, prompting concerns CIFs recapitalisation drive will rival GCF replenishment.
Environment
News
As Green Climate Fund and World Bank sign framework agreement, concerns about Bank's role linger
Bank and GCF finalise framework agreement, meaning nine co-financed projects can go forward.
Environment
News
World Bank remains GCF interim trustee amid questions over long-term status
GCF’s permanent trustee will chosen through open bidding process with final decision expected to be taken in October
Environment
Background
Carbon finance: The role of the World Bank in carbon trading markets
This Inside the Institutions looks at the role of the World Bank in carbon finance initiatives
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
COP 23 puts Bank-backed climate insurance in spotlight
Lack of progress on Loss & Damage finance at global climate talks means climate insurance remains default option to mitigate losses from climate change.
Environment
Analysis
Clean Technology Fund (CTF)
A revised Clean Technology Fund (CTF) pipeline management and cancellation policy has been approved. A document outlining further details on the proposed “CTF 2.0” will be discussed. Approval for reallocation of funds for a Morocco project was challenged by Germany and the decision postponed.
Environment
Analysis
Pilot Program for Climate Resilience (PPCR)
Pipeline management and cancellation policies are in preparation for the Pilot Program for Climate Resilience (PPCR) to address funding constraints, with no funding available for new pilot countries’ projects. Questions were raised about gender impacts for a renewable energy project in Mozambique.
Environment
Analysis
Forest Investment Program (FIP)
Challenges in measuring progress were noted for the Forest Investment Program (FIP), in particular greenhouse gas accounting. Investment plans for Mozambique and Ivory Coast have been approved. Questions were raised over the reasoning for a commercial teak plantation project in Ghana.
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