✉news BusinessBanking first seen 10 h ago, last 50 min ago, peak #2
World Bank and IMF urged to act on climate
Original: World Bank and IMF’s lack of climate action could make countries bystanders in their own destruction
Critics warn that the World Bank and IMF are failing to take sufficient action on climate change, leaving vulnerable countries as bystanders in their own destruction. The argument is that continued fossil fuel financing and inadequate climate lending are exposing developing nations to escalating climate damage while the institutions that shape their economies do too little to prevent it.
Why now: Growing pressure on global financial institutions to reform climate policies is keeping the debate active.
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Evidence
- World Bank and IMF’s lack of climate action could make countries bystanders in their own destruction · Green Central Banking
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