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Investing in Climate Disaster: World Bank Finance for Fossil Fuels

This new report shows that even after the Paris Agreement, climate science and climate impacts should have been focusing minds at the WBG on the need for a transition to clean renewables sources of energy, the Group remained in a fossil-funding paradigm, harmful to people, countries and planet.

The World Bank Group has spent US $14.8 billion supporting fossil fuel projects and policies since the Paris Agreement was made.

Publication Year: 2022
Banks: World Bank