Focus on World Bank
Southeast Asia looks to nuclear power to supercharge its energy transition
JAKARTA, Indonesia (AP) — Southeast Asia’s only nuclear power plant, completed four decades ago in Bataan, about 40 miles from the Philippine capital...
COP30 in Brazil set to spotlight developing countries’ climate finance needs
COP30 host Brazil urges rich nations to boost climate funds amid U.S. Paris exit; $300B pledged falls short of $1.3T needed.
BP nears deals for oil fields, curbs on gas flaring in Iraq
The mega-project in northern Iraq will include plans to recover flared gas to boost the country's electricity production.
Climate Investment Funds secures $500 million debut bond for clean energy transition
CIF's $500M debut bond, aimed at funding low-carbon tech in emerging markets, is six times oversubscribed, signifying strong investor interest.
IFC says world must urgently streamline green bond ‘taxonomies’
World Bank calls for unified green bond definitions to secure funds for the green transition, amid concerns over US policy shifts.
In Brazil, an Amazon reforestation project seeks to redeem carbon markets
By planting native species in the Amazon, Brazilian company Mombak hopes to restore credibility to a scandal-ridden carbon market.
Europe’s power price divide hits southeastern economies
Greek businesses and households face soaring energy costs, as uneven investment deepens Southeast Europe's energy crisis.
Canada set to preside over G7 in 2025 — what that means and what’s at stake
Canada will advance "common priorities" including fighting climate changes and managing new technologies.
Nigerians press for solar jobs and electricity, with little success
In Nigeria, solar ambitions falter due to government inaction, despite rising demand for clean energy and micro-solar solutions.
World Bank wins pledges for $100 billion replenishment of fund for poorest countries
The World Bank made the announcement on Friday at a pledging conference for the International Development Association.
