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World Bank Group investments in petrochemicals questioned

Original: World Bank Group investments in petrochemicals

The World Bank Group's investments in petrochemicals are under scrutiny from the Institute for Energy Economics and Financial Analysis, which has highlighted the institution's financial backing of the sector. The analysis raises questions about whether such funding aligns with the bank's climate commitments, given that petrochemicals are closely tied to fossil fuel demand and plastics production.

Why now: Critics are challenging the consistency of the World Bank's petrochemical financing with its stated climate goals.

World Bank GroupInstitute for Energy Economics and Financial Analysis

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Evidence

• World Bank Group investments in petrochemicals · Institute for Energy Economics and Financial Analysis (IEEFA)

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