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The intensifying impact of the climate crisis on frontline communities in the Global South, record-breaking CO2 emissions, and global temperatures exceeding 1.5 degrees Celsius above average in 2023 are signs that we urgently need a just energy transition that reaches all levels of society. Through our work on the Energy Finance Tracker at the International […]

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The UN claims to be almost entirely climate neutral, yet that claim is based on buying millions of carbon offset credits that experts say do little to reduce greenhouse gas emissions, The New Humanitarian and Mongabay found in a year-long investigation. More than 2.7 million UN carbon credits — 40% of those reporters were able […]

The Merriam-Webster dictionary defines infrastructure as the ‘underlying structure’ of a country – specifically, the physical installations needed to ensure that its economy functions for the benefit of society. Modern infrastructure is made of steel and concrete and is ubiquitous in an advanced economy; typically, it is taken for granted by the people who depend […]

In late February 2023, U.S. President Joe Biden announced that the United States had placed the nomination of Ajay Banga to be the next head of the World

The BRICS Bank is a young institution compared to the World Bank, but it has considerable financial resources and will need to be innovative in providing assistance that does not lead to endemic debt. Whether the new BRICS Think Tank Network for Finance will be able to break with the IMF’s orthodoxy is yet to be seen.

By Vijay Prashad In late February 2023, U.S. President Joe Biden announced that the United States had placed the nomination of Ajay Banga to be the next head of the World Bank, established in 1944. There will be no other official candidates for ...