Environment

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

26 September 2018 | Inside the institutions
An Artic-bound oil rig in Seattle's Elliot Bay in 2015.

Environment

News

World Bank DPL paves way for offshore drilling in Guyana, despite CSO concerns

Bank approves $35 million development policy loan to help Guyana commence offshore drilling, amidst CSO legal challenge to offshore drilling permits

24 July 2018

Environment

News

Development banks pump more money into Southern Gas Corridor, despite fresh concerns

EBRD approves €500 million loan for TAP, as Italy announces it will review its support for project

24 July 2018

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

4 April 2018

Environment

Analysis

As World Bank signals end of extraction finance, CSOs call for end to its other fossil fuel funding

Despite World Bank's One Planet Summit announcement that it will stop funding oil and gas extraction after 2019, it still has much to do to fully decarbonise its lending portfolio.

30 March 2018

Rights

News

CAO released damning audit of IFC hydro project in Guatemala

CAO audit finds IFC failed to identify gaps in project’s social and environmental assessment, while communities impacted by the project face impacts on water source, livelihoods and levels of violence.

7 December 2017

Environment

News

CSOs call on World Bank to prioritise forests in climate action

Civil society organisations call on World Bank Group to do more to prioritise forests and forest peoples’ rights.

6 December 2017

Environment

News

Shared prosperity? WBG fails to progress on energy access for poor

A new civil society report criticises the World Bank for not doing enough to help meet Sustainable Energy for All (SEforAll) objective of achieving universal energy access by 2030.

6 December 2017

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.

6 December 2017

Environment

News

Landmark climate-change complaint against IFC lodged in Philippines

The Philippine Movement for Climate Justice (PMCJ) makes history by filing first ever climate-related complaint against the IFC with the Compliance Advisor Ombudsman (CAO).

6 December 2017