World Bank
World Bank moots stronger strategic focus on climate action
A draft document suggests the bank will broaden its “twin goals” of boosting prosperity and ending extreme poverty to encompass climate action
US, Germany back ‘fundamental reform’ of World Bank to scale climate finance
A group of 10 countries led by the US and Germany have presented the bank’s management with a plan to reform the institution this week
Mia Mottley builds global coalition to make financial system fit for climate action
In July, Barbados’ prime minister invited leaders to a retreat to discuss plans to scale-up international finance for the climate frontlines. Now, she’s asking the world for support
To meet net zero by 2050 we need a long-term vision for carbon pricing
Only about 3.8% of global emissions are covered by a carbon price above $40 a tonne – that needs to change if the world is to meet the Paris Agreement goals
Why Grenada had to nationalise its electricity for $60m to pursue renewables
A one-sided privatisation deal and flawed World Bank advice landed Grenada with a hefty legal bill to reform its electricity sector and cut reliance on polluting diesel
World Bank branch indirectly backs coal megaproject despite green pledge
International Finance Corporation piloted its green equity policy with an Indonesian bank, which went on to fund a 2,000 MW coal complex
One billion without power need new World Bank president to keep faith
As the bank welcomes its new boss, he must fulfil its mission to prevent climate change by bringing clean energy to those currently in the dark
Departing World Bank chief leaves climate job unfinished
Jim Kim reformed world’s largest development lender, but it continues to finance fossil fuels and his climate legacy could be challenged if the US chooses his successor
Kosovan villagers to take coal mine woes to human rights court
After the World Bank ducks responsibility for harm caused by botched coal mine expansion, community leaders plan to sue at human rights court in Strasbourg
Germany tells World Bank to quit funding fossil fuels
German development minister says World Bank must focus “all of its work on climate and sustainability targets”
World Bank broke own rules as coalmine left Kosovo village “in limbo”
Failings on the part of the bank contributed to “real and often severe harm” over a “prolonged period” to villagers around the Sibovc mine, says leaked report
World Bank calls on Vietnam to avoid coal
Top development lender is working to bring renewable energy costs for developing countries, says chief Jim Kim
Live in New York: Innovating to meet the climate challenge
Follow our climate policy innovation event with the World Bank on Twitter with #Innovate4Climate and watch it live on our webcast from 1400 East Coast Time
Conference: exploring the potential of carbon markets
Pricing and trading carbon dioxide emissions could offer a fast track to tackling climate change. Find out more at an exclusive event on 21 September in New York
India’s solar plans receive billion dollar boost
World Bank loan comes off back of major funding pledges from US and Germany as major economies try and wean Delhi off coal
Price water or prepare for a thirstier, poorer planet – World Bank
Value water or face plummeting growth rates, warns World Bank as Africa and Asia suffer from ongoing drought linked to El Nino and climate change
World Bank, Bank of England urge speed on climate
Mark Carney and Jim Kim warn window of opportunity to reduce emissions is closing, call for greater transparency on climate risk from big business
World Bank head warns against new coal power plants
Climate change up with migration and pandemics as the major threat to global economy, says Jim Kim
Africa needs digital revolution to handle climate change – World Bank
NEWS: Governments, local communities and farmers need better weather data, says top funder as part of drive to get planet connected to internet by 2020
Pathway to $100bn emerging ahead of Paris climate summit
ANALYSIS: Cash demands from developing countries reinserted into text during UN talks in Bonn, as World Bank official hails progress