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.
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World Bank could yet stop fossil fuel projects, Toby Reynolds
The World Bank may yet agree to stop funding fossil fuel projects and instead divert millions of dollars in loans to renewables, the author of an independent review whose recommendations were initially rejected told Reuters on Tuesday.