Study: Development banks are backing clean energy, but are struggling to kick fossil fuel habit

clock • 3 min read
The World Bank provided almost $6bn of support for fossil fuel projects between 2018 and 2020
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The World Bank provided almost $6bn of support for fossil fuel projects between 2018 and 2020

Analysis of investments made by nine of the world's biggest development banks has found that they spent four times more on clean energy than fossil fuels in 2020

Multilateral development banks (MDBs) such as the World Bank and European Bank for Reconstruction and Development provided $3bn of funding for fossil fuels through the course of 2020, according to new...

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