Fund turns its attention to carbon pricing to support Paris Agreement alignment, as climate vulnerable countries see rising cost of climate impacts.
Environment
Environment
News
IFC’s Green Equity Strategy faces set-back at Board
As climate crisis deepens, IFC’s Green Equity Strategy faces delay from World Bank’s Board, with CSO activists calling Board’s foot-dragging a ‘scandal’.
Finance
News
IMF and World Bank complicit in “climate debt trap” following Mozambique cyclones
International community fails to deliver on 'Loss & Damage' while poorest countries become further indebted.
Environment
News
Climate Investment Funds quietly postpone decision on how to implement ‘sunset clause’
CIFs indefinitely postpone decision on when they will close, prompting concerns CIFs recapitalisation drive will rival GCF replenishment.
Environment
Analysis
Low-carbon infrastructure, sustainable finance, and people-focused development
This briefing emphasises the interdependence between the SDGs and the Paris Climate Agreement, in terms of ensuring that all new infrastructure is climate resilient and aligned with the low- or zero-carbon pathways required to avert catastrophic climate change – which would render achieving the SDGs impossible.
Environment
News
Despite new 2025 climate targets, World Bank's Paris Agreement alignment remains work in progress
Bank releases new targets for 'climate-related investments' between 2021-2025, but fails to introduce new restrictions on fossil fuel finance.
Environment
News
As Green Climate Fund and World Bank sign framework agreement, concerns about Bank's role linger
Bank and GCF finalise framework agreement, meaning nine co-financed projects can go forward.
Environment
Analysis
World Bank's investment in Seven Energy in Nigeria once again calls Bank's due diligence into question
World Bank's due diligence processes highly suspect as it invests a quarter of a billion dollars in Nigerian Seven Energy, where several individuals associated with the company’s flagship contract are now either on the run or charged with money laundering.
Environment
News
As climate crisis bites, World Bank further distances itself from coal
International Finance Corporation announced new ‘green equity’ policy to encourage financial intermediaries to divest from coal, while Bank pulled plug on mooted Kosovo coal project.
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
Featured briefings
30 July 2019
The Bretton Woods Observer: Summer 2019
18 July 2019
Low-carbon infrastructure, sustainable finance, and people-focused development
This briefing emphasises the interdependence between the SDGs and the Paris Climate Agreement, in terms of ensuring that all new infrastructure is climate resilient and aligned with the low- or zero-carbon pathways required to avert catastrophic climate change – which would render achieving the SDGs impossible.
4 April 2019