US, Germany back reform of World Bank to scale climate finance
Led by the US and Germany, a group of countries is seeking a "fundamental reform" of the World Bank to increase climate finance.
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Led by the US and Germany, a group of countries is seeking a "fundamental reform" of the World Bank to increase climate finance.
Led by the US and Germany, a group of countries is seeking a "fundamental reform" of the World Bank to increase climate finance.
WASHINGTON, United States -- The World Bank has pumped $14.8 billion into fossil fuel projects globally in the period following the landmark Paris climate accord, a report said Thursday. This picture taken on October 5, 2022 shows the lignite-fired power station operated by German energy giant R
Observers say there is no justification for using taxpayers' money to exacerbate the climate crisis. Read more at straitstimes.com.
World Bank spent almost $15 bn on fossil fuel projects since Paris deal: report