While technical tweaks should make the World Bank’s capital go further, their impact depends on shareholders injecting fresh funds The World Bank has officially expanded its mission to include climate…
Category: Earth
The EU must take the driver’s seat in fossil fuel-free transport
Transportation is the connective tissue of our society. It brings us prosperity, but also rapidly rising greenhouse gas emissions and other air pollutants, threatening the health of the planet and…
Saudi Arabia, Russia press for World Bank fossil fuel funding
Major oil and gas producers hit back at World Bank reforms that aim to channel more money into clean energy Russia, Saudi Arabia and other Gulf states have urged the…
Dirty subsidies targeted by the World Bank to fund climate action
The World Bank says it will try to get governments to stop spending public money making fossil fuels artificially cheap The World Bank is seeking to persuade governments to take…
One million coal jobs face the axe globally by 2050
China and India will see the biggest coal job losses and need to plan support for affected communities, Global Energy Monitor warns The global coal industry may have to shed…
Following coup, Gabon climate officials face corruption allegations
Gabon’s former environment minister Lee White and three officials have been placed under house arrest after a complaint from a forestry union Following a coup, the new government of Gabon…
Green Climate Fund pledges put its ambition at risk
The UN’s flagship climate finance initiative can barely sustain its existing portfolio after a lackluster fundraising conference on Thursday The UN’s flagship climate fund has raised $9.3 billion from rich…
Carbon capture technology can ease India’s energy transition
Nearly two fifths of India’s districts depend on the coal sector and a rapid phasedown would be devastating for millions of people While it pursues renewables, India is right to…
Climate ‘course correction’ on the Cop28 negotiating table
In response to a global stocktake report, ministers will debate collective goals such as phasing out fossil fuels by 2040 The United Nations has put a series of challenging climate…
Global tax on jet fuel proposed by EU climate nominee
Wopke Hoekstra argues a tax on jet fuel could raise revenue for a planned loss and damage fund, but experts warn that won’t be easy The man in line for…
