Search Results for 'world bank'
China’s biggest bank is ditching Zimbabwe coal plant, campaigners say
The Industrial and Commercial Bank of China told environmentalists in a meeting last month they would not go ahead with the 2.8GW Sengwa coal plant
The EIB won’t become a climate bank until it fully stops supporting fossil fuels
The bank has committed to end fossil fuel financing by the end of the year but has handed out billions in support for companies wedded to the industry
Colombia banks on forest economy to deliver climate ambition leap
Since the end of a 50-year civil war, Colombia has seen a spike in forest clearance, that the government now hopes to reverse with agroforestry initiatives
Malaysian bank to phase out coal finance, in a victory for campaigners
CIMB has been hailed as the first major bank in an emerging market to publish a coal exit strategy, after investing $2.6 billion in the sector last decade
Asian development banks resist coal phase-out pledge at French summit
Despite net zero pledges from the governments of China, Japan and South Korea, the ADB and AIIB are reluctant to commit to reducing finance to fossil fuels
Who will build the world’s last coal plant?
Banks, companies and governments are axing support for coal, driven by climate concerns and competition from renewables, but hundreds of plants are still in planning
Asian multilateral bank promises to end coal-related financing
AIIB president says he will not finance ‘any projects that are functionally related to coal’, but has yet to reflect that in the Beijing-based bank’s written policies
The European Investment Bank must go further to truly become a ‘climate bank’
In its roadmap for 2021-25, the EIB should eliminate support for high-carbon activities in all sectors and make its intermediaries follow the same standards
Climate change tops risks for world in 2020 – Davos report
Extreme weather, climate action failure, natural disasters, biodiversity loss and human-made environmental disasters top most likely risks to the global economy
2019 in review: Polarised world entering era of climate impacts
We look back on CHN’s reporting from a year that saw a great collision of political and physical forces
Development banks propose common framework for climate resilience
Sponsored content: Metrics relating to climate finance will work towards the global goal for adaptation and resilience
Banking on the future – Climate Weekly
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European Investment Bank ends lending to fossil fuel projects
EU finance ministers agreed to phase out EIB lending to unabated oil and gas projects, overcoming opposition from some member states in marathon board meeting
This is what the world promised at the UN climate action summit
Dozens of promises were made by governments, civil society and business. Accountability is the next step
European Investment Bank moots fossil fuel lending ban
The world’s largest development bank proposed a pivot to clean energy, in a draft plan for consideration by EU finance ministers in September
Children made climate an election issue. Now we’ll target banks that fuel fossils
The EU election showed voters have heard the school strikers’ call for action. But will the public institutions that finance coal, oil and gas projects also listen?
Energy and oil majors turn to rural Africa in grab for world’s next billion customers
Once basic energy is established in disconnected regions, the companies that supply it hope to cash in on demand for a slew of new products and services
Asian Development Bank signals end to ‘dirty’ coal finance
Falling renewable energy costs and a shadow carbon price are making coal power investments unviable, according to bank energy chief Yongping Zhai
New Chinese-led development banks missing the point on climate
Both less than five years old, the Asian Infrastructure Investment Bank and Brics Bank are failing to back sustainable development models
Development bank climate funding jumped 28% in 2017
Global banks gave $35.2bn in climate finance, although much of it was in loans or did not reach those countries most in need