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The World Bank announces big green plans: Ending fossil fuel financing, new reporting methods for the transition, more money for the climate and "Paris compliance" for its own business. But critics find transparency lacking and question the departure from fossil energy.
By Alexandra Endres
Global climate action, adaptation and the repair of climate damage requires a lot of money. A reform of the global financial structure is intended to mobilize the financial resources. The upcoming annual meeting of the World Bank and IMF will discuss this, but different interests are involved.
By Bernhard Pötter