The World Bank has a factory-farm climate problem

Grist covered new research from the Stop Financing Factory Farming (S3F) coalition, revealing that over $3 billion in international finance went to animal agriculture in 2023, with $2.27 billion supporting factory farming. Columbia University researchers commented on the findings, emphasizing the need for development banks to rigorously align investments with their climate goals. The report calls on banks like the World Bank’s IFC to phase out harmful funding for industrial agriculture and prioritize sustainable, plant-based food systems.