Focus on World Bank
ADB increases climate finance after US, Japan give world’s first sovereign guarantees
The Asian Development Bank to boost climate lending by $7.2B as the U.S. and Japan back loans with world first sovereign guarantees.
Multilateral banks are key to financing the fight against global warming. Here is how they work
Multilateral banks play a crucial role in climate finance, but trillions are needed for developing countries' energy transition.
Analysis: New green steel firms could reap rewards as EU carbon tariffs loom
New and strengthened rules in the EU against supply chain carbon emissions provide an opportunity for green steel producers.
Decarbonising by 2050 could boost Poland’s economy by 4%, World Bank says
Poland's $450B decarbonization goal for 2050 could boost GDP by four per cent, reduce pollution, and improve health, per World Bank report.
Will COP29 unlock a new era of action? What to watch at the 2024 climate summit
World Resources Institute on the COP29 negotiations: what's at stake and what needs to happen in Baku to drive rapid progress.
World Bank expects oil glut to cause commodity price slump
The World Bank predicts global commodity prices will hit a five-year low next year due to an oil glut and flat demand from...
World Bank gears up to launch debut debt-for-development swap, treasurer says
Debt swaps have grown in popularity, especially where funds saved are used for environmental projects, so-called debt-for-nature swaps.
Brazil launches platform to attract foreign investment for climate and ecological projects
Brazil launched a $10.8B platform at IMF meetings to fund green projects, targeting energy, industry, and nature solutions.
Unlocking finance at scale to meet climate and development goals
The World Bank and International Monetary Fund (IMF) Annual Meetings (21st -25th October) will bring together Finance and Development Ministers and officials from around...
Spain loses UK appeal over immunity in renewable energy incentives lawsuit
Spain loses appeal in its bid to claim immunity in a multi-million euro case over cuts to renewable energy incentives.
