Environment

Environment

Analysis

Confronted with climate emergency, IMF belatedly attempts to "get real"

Fund turns its attention to carbon pricing to support Paris Agreement alignment, as climate vulnerable countries see rising cost of climate impacts.

30 July 2019

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’.

30 July 2019

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.

30 July 2019

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.

30 July 2019
The wind park near the village of Bulgarevo,Bulgaria.

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.

18 July 2019 | Briefings

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.

4 April 2019

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.

4 April 2019

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.

6 December 2018 | At Issue

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.

6 December 2018

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