This Inside the Institutions looks at the role of the World Bank in carbon finance initiatives
Environment
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
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
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
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.
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.
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.
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.
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
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).
