As new President Ajay Banga addresses his first Annual Meetings he faces urgent calls to clean up the World Bank from those suffering the worst climate impacts. From fires, to floods, to heatwaves, people in the Global South are paying the price for the Bank’s failure to act. The World Bank has invested more than USD$15bn into fossil fuels since the Paris Agreement. Such projects have led to the loss of livelihoods, homes and health. Compiled by investigative journalists in Argentina, Egypt and Indonesia, our new report illustrates the catastrophic human impact of fossil fuel funding.
The Fossil Files - Case Studies on WB Fossil Finance
Download THE FOSSIL FILES.pdf (2.41 MB)
Publication Year: 2023
Banks: World Bank