Dec 01, 2011
Civil society organisations from around the world released a report at the Durban climate talks that highlights the contradictions inherent in the World Bank Group’s presence at the talks. While the Bank seeks a leading role in climate finance, it has been unable to finalize an energy strategy and continues to finance dirty energy projects. The report titled, 'Unclear on the Concept: How Can the World Bank Group Lead on Climate Finance without an Energy Strategy?' finds that 'in spite of its climate-friendly rhetoric, the WBG continues to disproportionately fund dirty energy projects. In fact, nearly half of energy lending - more than US$15 billion - went to fossil fuels over the past four years.'
































