Global Briefing: World Bank retires climate finance targets

Stuart Stone
clock • 9 min read
Credit: iStock
Image:

Credit: iStock

Lender drops funding goals following US pressure, InstaVolt sells Iberian businesses, and Singapore ramps up climate resilience funding

The World Bank Group this week announced that while it is to extend its Climate Change Action Plan - which was due to expire on Tuesday - targets to allocate 45 per cent of its annual lending to projects...

To continue reading this article...

Join BusinessGreen

In just a few clicks you can start your free BusinessGreen Lite membership for 12 months, providing you access to:

  • Three complimentary articles per month covering the latest real-time news, analysis, and opinion from Europe’s leading source of information on the Green economy and business
  • Receive important and breaking news stories via our daily news alert
  • Our weekly newsletter with the best of the week’s green business news and analysis

Join now

 

Already a BusinessGreen member?

Login

Stuart Stone
Author spotlight

Stuart Stone

View profile
More from Stuart Stone

Is the public starting to see climate policy as a national security and cost-of-living issue?

'The Shrinking Buffer': Food systems' ability to absorb 'shocks' is being eroded as temperatures rise, study warns

More on Climate change

Is the public starting to see climate policy as a national security and cost-of-living issue?
Climate change

Is the public starting to see climate policy as a national security and cost-of-living issue?

New polling suggests growing numbers of Brits see renewables as a 'credible shield' from insecurity and are keen to support new community energy projects

Stuart Stone
Stuart Stone
clock 05 November 2026 • 6 min read
'The Shrinking Buffer': Food systems' ability to absorb 'shocks' is being eroded as temperatures rise, study warns
Climate change

'The Shrinking Buffer': Food systems' ability to absorb 'shocks' is being eroded as temperatures rise, study warns

Report warns 'triple threat' from super El Niño, the closure of the Strait of Hormuz, and attacks on grain storage sites in Ukraine and Russia are set to 'reverberate' through the global food system in 2027

Stuart Stone
Stuart Stone
clock 05 November 2026 • 5 min read
'Now is the time to deliver': Prime Minister urged to fulfil promise on mandatory transition plans
Climate change

'Now is the time to deliver': Prime Minister urged to fulfil promise on mandatory transition plans

Government urged to honour COP26 promise to require large companies and financial institutions to publish climate transition plans

Stuart Stone
Stuart Stone
clock 05 November 2026 • 5 min read