New analysis released today by Oil Change International shows that, despite repeated calls for urgent action on climate change, the World Bank Group increased funding for fossil fuels in its last fiscal year. This increase comes during the first full fiscal year following the World Bank’s announced commitment to limit coal financing due to climate concerns.
public finance
It’s time to #StopFundingFossils!
The UN climate talks are nearing the final hours and one of the major sticking points is finance. Well, we’re here to tell governments there’s plenty of money available if they look in the right place.