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Environment

Protester holding a banner with the message System change, not climate change

Environment

Background

The World Bank and climate finance: Success story or a new era of green ‘structural adjustment’?

This Inside the Institutions analyses the World Bank's climate finance, examining its impact on low- and middle-income countries' climate objectives.

9 April 2024 | Inside the institutions

Infrastructure

News

Indonesia JETP's promotion of renewable energy privatisation opposed by unions and civil society

Indonesia’s Just Energy Transition Partnership bears the clear handprint of the World Bank’s private-sector led approach to power sectors in the Global South, creating opposition from unions and civil society.

9 April 2024

Environment

News

Selection of World Bank to host new Loss and Damage Fund draws ire of developing countries and civil society advocates

Developing countries insist on lengthy list of conditions as Bank is named host of new Loss and Damage Fund on interim basis.

13 December 2023

Environment

News

Morocco and IMF Resilience and Sustainability Trust: Balancing debt, privatisation and neocolonial dynamics

Morocco's $1.32 billion Resilience and Sustainability Trust loan comes with 'green conditions' which may facilitate neocolonial resource-grabbing and a European-led rush for ‘green’ hydrogen.

13 December 2023
Managing Director Kristalina Georgieva holds a Caribbean Ministerial Roundtable on the Resilience and Sustainability Trust at the Lloyd Erskine Sandiford Centre, 17 June 2022. Credit: Kim Haughton/ IMF Photo

Environment

Background

What is the IMF Resilience and Sustainability Trust?

This Inside the Institutions looks at IMF’s Resilience and Sustainability Trust (RST) reflecting on concerns about its eligibility criteria, quota limit, and 'green conditions'.

13 December 2023 | Inside the institutions

Environment

News

World Bank’s reliance on private capital to finance green transition in low- and middle-income countries risks falling flat

Despite lofty rhetoric, Bank’s attempts to use scarce concessional finance to build investable project pipelines to secure power sector decarbonisation faces significant hurdles.

4 October 2023

Environment

Background

Job opening: Bretton Woods Project seeks Environment Project Officer (closed)

BWP is now accepting applications for the new role of Environment Project Officer, which will support the Project's advocacy and research on the Bretton Woods Institutions' climate-related policies.

11 August 2023 | Recruitment

Environment

News

As World Bank launches Paris alignment approach, unclear guidelines raise greenwashing concerns

Bank’s approach relies on countries' national climate plans, which are not currently collectively aligned with 1.5°C temperature goal.

19 July 2023

Other news

Environment

News

9 April 2024

Civil society raises concerns about Resilience and Sustainability Trust’s green conditionality as Fund conducts interim review

CSOs and experts question the suitability of ‘green' policy conditions attached to RST loans.

Environment

News

9 April 2024

World Bank makes developing countries wait on Loss and Damage Fund demands

Bank may not respond to asks until June, at the earliest, raising questions about timeline for fund’s operationalisation.

Environment

News

13 December 2023

IFC trade finance continues to invest in fossil fuels, with no board oversight

New research by Urgewald finds that the World Bank Group invested an estimated $3.7 billion in oil and gas developments in 2022 via trade financing.

Environment

Background

13 December 2023

Laure-Alizée Le Lannou joins the Bretton Woods Project as new Environment Project Officer

Laure-Alizée Le Lannou will support the Project’s work on environmental and climate advocacy targeting the World Bank as well as research on IMF Special Drawing Rights.

Environment

News

4 October 2023

Civil society raises concerns of widespread IFC noncompliance with its own Performance Standards on greenhouse gas emissions

New analysis by Bank Climate Advocates of 300 projects found IFC failed to follow its own guidelines on ‘emissions quantification, alternatives analysis, mitigation, disclosure and affected communities impact assessment’.

Environment

News

4 October 2023

MIGA’s new insurance for voluntary carbon offsets risks propping up junk assets, say campaigners

World Bank’s political insurance arm to provide risk cover to existing offsets if they are affected by governments efforts to better regulate problem-plagued offset schemes.

Land

News

19 July 2023

Word Bank promotes agricultural corporations at cost of food security in Africa

New CAFOD report exposes World Bank’s harmful approach to agriculture increases food insecurity in Africa.

IFI governance

News

19 July 2023

Marrakech CSO working group launches statement ahead of 2023 Annual Meetings

Marrakech working group calls on the BWIs to cancel the debt, stop imposing austerity and ensure a just energy transition.