Tag Archives: World Bank

World Bank Group Commits To Phasing Out Financing For Upstream Oil and Gas

Fossil Energy Development and the World Bank

Shift the subsidies Public financing helps fossil fuel projects continue. Take the World Bank Group which provided an average of more than $1 billion a year in upstream oil and gas financing from 2014 to 2016, according to Oil Change International. The good news is that after 2019, financing for those projects will no longer come from the WBG, except in extreme circumstances. The …

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Non-Wood Forest Wealth 2.7 Times Greater than Previously Estimated

A team of researchers from the World Bank, Resources for the Future, Applied Geosolutions and others have released three working papers that set out wealth valuation methodologies spanning all the commercial wood, non-wood and ecosystems services forests provide and incorporated them in a global sustainable forest management database.

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World Bank Group Climate Action Plan: Helping Set the Path Toward Transformation

Taking steps toward a global transformation

Arguably one of the most important things to come out of the COP21 climate talks in Paris last December, aside from the Paris Agreement itself, is the signal sent solidifying the growing shift in the global consciousness. We seek a transformative path forward into the new century. But any desired transformational change requires both the vision for a long term outcome and a mechanism to achieve that …

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World Bank Touts Achievements of Clean Investment Funds

Shelter from the storm. The World Bank reports progress from the Clean Investment Funds in protecting the world's most vulnerable nations from climate change

Those least responsible for the greenhouse gas emissions that continue to accumulate in the atmosphere are and will continue to be hit hardest by a warming global climate. They’re also the least capable of coping with it. A recently released video from the World Bank (see below) highlights the progress being made as a result of the activities of UN Climate Investment Funds to reduce …

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Council on Foreign Relations Addresses Fossil Fuel Subsidy Reform

Energy politics is the main obstacle preventing governments from phasing out fossil fuel subsidies, according to a recent Council on Foreign Relations workshop. Fossil fuel subsidies are exacting a high toll on societies worldwide, particularly in the Middle East and North Africa, hindering sustainable development and efforts to reduce greenhouse gas emissions.

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