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The World Bank and the IMF plan to achieve climate-friendly global development. But a newly published report raises doubts. Three NGOs criticize: The example of Pakistan shows how the involvement of these financial institutions often exacerbates the climate crisis in the Global South. The current reform proposals also follow a false logic.
By Goswami Urmi
The transformation of the World Bank into a climate-friendly transformation bank is the main topic at the annual meeting of the IMF and World Bank in Marrakech (Oct. 9–15). This new task will significantly increase the World Bank's capital needs. But important questions remain unanswered.
By Caspar Dohmen
Hardly any other European country produces energy that is as harmful to the climate as Poland and clings so stubbornly to coal. The expansion of renewables is not being actively supported. Much remains haphazard and fragmented. Instead, Poland is relying on nuclear power. On Sunday, the country will elect a new parliament. A victory for the opposition could bring new momentum to the energy transition.
By Lisa Kuner
The Green Climate Fund is intended to help developing countries reduce emissions and adapt to climate change. In Bonn, the fund was replenished with fresh money today. For the time being, however, the total amount is still lower than the last replenishment of the Green Climate Fund.
By Lukas Knigge
