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The World Bank

Decarbonizing Development to Secure a Sustainable Future

Decarbonization and Planning

In the past few years, the World Bank has redoubled its efforts to promote sustainable economic development by identifying two goals that can help measure progress towards this objective: to end extreme poverty by 2030 and promote shared prosperity.[read more]

The Future of Coal Passes Through Kosovo

April 21, 2015 by Daniel Kammen

Kosovo and Coal

The World Bank pledged to stop loaning money for new coal projects, unless no feasible alternatives exist. Obama has said the same for the U.S. In Kosovo a proposed coal-fired power plant has been under discussion for over a decade. The prime funders, ironically, are the World Bank and the U. S. government.[read more]

Business and Carbon Pricing

March 2, 2015 by David Hone

Carbon and Business

At the UN Climate Summit last September, the World Bank and others put the carbon pricing discussion back on the agenda, first with a Statement on Carbon Pricing signed by over 1000 companies and 70 governments and then with a series of side events and meetings which also carried through to COP20 in Lima.[read more]

Is the IFC Finally Moving Solar Investment Beyond the Grid?

February 9, 2015 by Justin Guay

Beyond the Grid Solar Investment


Last fall, the Sierra Club and Oil Change International published a scorecard evaluating major multilateral development banks on their energy access spending. The World Bank Group, of which the International Finance Corporation (IFC) is part, received a failing score.[read more]

Will World Bank President Dr. Kim Go the Last Mile for Clean Energy Access?

December 19, 2014 by Justin Guay

World Bank Policy and Energy Access

The Sierra Club and Oil Change International jointly released a scorecard evaluating the four major multilateral development banks, World Bank Group, African Development Bank, Asian Development Bank, and Inter-American Development Bank, on their investment in clean energy access. All were failing.[read more]

Move Over World Bank: Bilateral Institutions Lead Investment Beyond the Grid

November 11, 2014 by Justin Guay

Development and Energy Investment

The Sierra Club and Oil Change International recently released an assessment of multilateral development banks' investment beyond the grid, and the findings aren't good. While investments are continuing to flow into beyond the grid clean energy markets, most public institutions are missing in action.[read more]

Why Is The World Bank Failing On Energy Poverty?

October 14, 2014 by Justin Guay

The World Bank and Energy Poverty

World Bank energy investments are categorically failing to end energy poverty. That's the stark finding of a new report released by Sierra Club and Oil Change International which measures how multilateral development banks fare on their efforts to end energy poverty.[read more]

On the Contrary World Bank President Dr. Kim, Renewable Energy Is the Future

August 11, 2014 by Justin Guay

The World Bank and Renewable Energy

In the 21st century, it's hard to take anyone seriously who thinks coal, not clean energy, is the future for dynamic, emerging economies. But that's exactly what Dr. Jim Yong Kim, president of the World Bank, did this week.[read more]

World Bank: Fighting Climate Change Would Boost Global Economy Up To $2.6 Trillion A Year

June 26, 2014 by Joseph Romm

Climate Fight Economic Benefits


An important new World Bank report concludes that just a few key policies aimed at cutting carbon pollution would boost the global economy. The study, “Climate-Smart Development,” looks at the European Union plus Brazil, China, India, Mexico, and the United States.[read more]

A Lesson For Dr. Kim And The World Bank As It Ponders The Kosovo Coal Project

January 28, 2014 by Justin Guay

Kosovo Coal and the World Bank

When Dr. Kim, President of the World Bank, and leaders of other international financial institutions ponder funding new coal power projects this year - like the one in Kosovo - there's one word that should be seared into their memories: Sostanj.[read more]

What's All This About The World Bank Not Financing Any More Nukes?

December 4, 2013 by Tina Casey

Nuclear and the World Bank

As the cleanup drama continues to unspool around the tsunami-damaged Fukushima nuclear power plant in Japan, the Internets have been cheering the news that the World Bank will not be financing any more such facilities in the future. That’s nice, really, except that it’s not exactly news.[read more]

New US Guidelines on Overseas Coal Project Financing: Good Aspects, Missed Chances

November 8, 2013 by NRDC Switchboard

The U.S. released new guidelines that direct how the U.S. will vote on coal projects proposed by development banks such as the World Bank, and European Bank for Reconstruction and Development. Over the past 5 years these banks have financed $13 billion in coal projects.[read more]

Dr. Kim Sweeps World Bank Policy Violations on Tata Mundra Coal Plant Under the Rug

October 29, 2013 by Justin Guay

Tata Mundra Coal Plant

Just a few short months ago the World Bank got itself on the right side of history by placing severe restrictions on coal finance. That was thanks in large part to World Bank President Dr. Kim's leadership. Now the institutions past transgressions are coming back to haunt him.[read more]

Energy News: World Bank to Stop Funding Coal Projects

July 19, 2013 by Jake Schmidt

Coal and the World Bank

The World Bank Group has just agreed to stop funding coal projects. This is welcome news as the World Bank Group has funded almost $6 billion in coal projects over the past five years.[read more]

Feeding Earth's Billions in the 2050 Sauna (Part I)

December 21, 2011 by Barry Brook

During the past few years, all the world’s major science journals have had a steady stream of papers on the challenge of feeding 9 to 10 billion people on a warming planet in 2050. They have been joined by reports from bodies with varying prestige and influence like International Food Policy Research Institute (IFPRI), The World Bank and the Royal Society. CSIRO has a long history of interest in the issue and even billionaire packager Anthony Pratt is getting in on the act telling Australia that since it can produce food for 200 million people, it has a responsibility to do so.[read more]