One Year In, Is The World Bank President Living Up To Climate Commitments?

Ashley Schaeffer-Yildiz
17th June '24

President Ajay Banga laid out an ambitious climate vision for the World Bank when he took office as president last year. But one year in, has he delivered? Civil society groups are not so sure. Among the criticisms are the World Bank’s ongoing investments in fossil fuels and methane-emitting livestock, bringing into question the true extent of the bank’s fossil fuel commitments and alignment with climate goals. 

“Banga should walk the talk by cleaning up the World Bank’s own act and encouraging other financing actors, over which it has influence, to follow suit,” Erich Pica, president of Friends of the Earth, said during a recent online press conference.

This story was originally published in Devex.

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