World Bank’s climate work can endure without finance target, experts say
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The World Bank has scrapped its headline climate finance target under pressure from the Trump administration, but experts believe the survival of its wider climate programme should preserve support for clean energy and resilience in developing nations.
Following tense negotiations between its government shareholders, the global lender announced this week it would extend its Climate Change Action Plan (CCAP) while “retiring” its commitment to direct 45% of its financing to projects
Following tense negotiations between its government shareholders, the global lender announced this week it would extend its Climate Change Action Plan (CCAP) while “retiring” its commitment to direct 45% of its financing to projects
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