As renewable energy finance shifts from China to the World Bank, whether the Bank can be a partner for a just energy transition depends on three areas: strong environmental and social oversight, avoiding a new resource curse in minerals and debt relief during crises.
Faced with deafening silence from Bank and Fund leadership on climate issues at the Spring Meetings, climate vulnerable countries demand urgent changes to global financial architecture.
Notes from the 23 April Civil Society Policy Forum session titled “Catalyzing climate finance in fragile contexts - What’s being done and what still needs doing?”
Rich countries agree to provide a paltry $300 billion in public finance by 2035 including funds channelled through MDBs, as Small Island States and Least Developed Countries stage walkout.
IFC faces backlash for failing to address social and environmental harms from its financing of coal plants in the Philippines, despite proven health and environmental violations.
Donald Trump’s election may result in a revision of World Bank’s long-standing prohibition of support to nuclear power.
New BWP research finds the Word Bank's approach to Paris alignment is being used to a significant extent to impose ‘green conditionalities' on borrowing countries, especially in the Global South.
IMF board's lukewarm endorsement of SDR rechanneling through MDBs stands in stark contrast to continued calls from Global South governments for additional SDR allocations, amid growing debt crisis.
Despite the Just Energy Transition Partnership's failure to attract private investments in South Africa, the World Bank is doubling down on a private sector led approach to the green transition through $1 billion loan contingent on the separation of Eskom’s activities.
Urgent BWIs reforms remain hostage to lack of political will in Global North as the G20 failed to deliver on important issues within a fragmented geopolitical situation.
As renewable energy finance shifts from China to the World Bank, whether the Bank can be a partner for a just energy transition depends on three areas: strong environmental and social oversight, avoiding a new resource curse in minerals and debt relief during crises.
New BWP briefing finds the World Bank counted 70 per cent of energy-sector reforms in Development Policy Financing as having 'climate co-benefits' between 2018-2023 - but most of these promoted a private-led energy transition.
