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Warming or Cooling on World Bank Climate Finance: What Drives Country Demand?

The climate agenda has been a dominant feature of World Bank reform efforts, with President Banga aiming to both mobilize new resources and increase the proportion of total funding for climate-related projects. The stakes are high: greenhouse gas (GHG) emissions in many borrowing countries are elevated and rising, dimming prospects for meeting the 2030 Paris...
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Good COP/Bad COP: It’s Not Easy Being Green

The World Bank offered up several new climate commitments at COP, the big UN climate conference, including that 45 percent of its annual financing will be devoted to climate-related projects starting in fiscal year 2025 (which begins next July). The Bank estimates that this will “put to work” more than $40 billion. The target is a...