Using tight public funds to leverage many billions from the private sector for climate financing – that is what the World Bank and important bilateral donors plan to do. But it is highly doubtful whether the necessary billions will be raised in this way. The concept of leveraging private funds is on shaky ground.
By Nico Beckert
On April 15, the last German nuclear power plants will be shut down. But German taxpayers' money continues to flow into nuclear technology. The billions in contributions to the ITER nuclear fusion reactor in southern France are recorded in the EU as climate financing, even though fusion technology does not promote EU climate targets. But this is the only way the EU can meet its climate financing quota.
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The pressure on the World Bank is high: Its designated new head Ajay Banga is supposed to better link poverty reduction with sustainability and structural reforms. The Bank's decision-making body has now discussed the proposals. A compromise is expected by fall.
By Bernhard Pötter
India is overtaking China as the world's most populous country. But its development will not be as CO2-heavy as China's rise, forecasts promise. Less industry and more renewables will curb emissions.
By Nico Beckert
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
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
The World Bank and the International Monetary Fund are to be better able to respond to the climate crisis and other challenges in the future. But how their reform is supposed to look in practice is disputed. An overview of the proposals:
By Bernhard Pötter
Germany's governing parties, the Social Democratic Party (SPD), the Greens and the Free Democratic Party (FDP), have restructured Germany's climate policy with numerous new regulations and adjustments. After long negotiations and months of dispute – especially on buildings and transport – the party leaders agreed on various points on Tuesday.
By Bernhard Pötter
The Cyclone left hundreds dead and several hundred thousand people in emergency shelters. The United Nations now fears a rise in cholera cases. In a warmer future, storms like Freddy could occur even more frequently, according to climate science.
By Alexandra Endres
A recent report by the International Renewable Energy (IRENA) warns that only an immediate and drastic expansion of renewables can help meet the climate targets. However, IRENA head Francesco La Camera is not optimistic.
By Bernhard Pötter
