A new report shows
how multilateral development banks, including the World Bank, gave over $ 9 billion in funding for fossil fuel projects in 2016, nearly all of it following the Paris Agreement being reached and despite claims that they were acting on climate and adjusting their investment strategies.
Not exact matches
Laurel will discuss
how the new
multilateral development bank aims to create a better tomorrow for billions of people by investing in sustainable infrastructure in Asia and beyond.
On average, public finance institutions controlled by G20 governments, along with
multilateral development banks such as the World
Bank Group, provide $ 71.8 billion per year in public finance for fossil fuels, and only $ 18.7 billion in public finance for clean energy (figure taken from from the report Talk is Cheap:
How G20 Governments are Financing Climate Disaster, July 2017, available here).
As mentioned in the press release:» -LRB-...) these groups released a briefing titled «Dirty Dozen:
How Public Finance Drives the Climate Crisis through Oil, Gas, and Coal Expansion», highlighting fossil fuel projects by the World
Bank Group, other
multilateral and national
development banks and export credit agencies.
This analytical report explains
how the Climate Investment Funds (CIF) relates to poor women's and men's livelihoods, presents the status to date of gender and the CIF, and recommends actions for the CIF Trust Fund Committees and Subcommittees,
multilateral development banks and civil society organizations to ensuring that the CIF responds to the needs of poor women and men equitably.