POLITICO Energy

Why the World Bank’s climate mission is being stymied

Apr 17, 2024
The World Bank is grappling with significant challenges as it tries to finance climate initiatives amid geopolitical tensions. It faces hurdles in helping low and middle-income nations, especially while dealing with global economic concerns. The reluctance of G7 nations to enhance financial support complicates these efforts. Plus, discussions around technological upgrades for the U.S. energy grid reveal potential for substantial new power capacity. Navigating these issues is crucial for effective climate finance reforms.
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