The trend is irreversible: The majority of countries see climate action as a development model. Climate policy measures boost investment, create jobs and prosperity, according to the two Executive Directors of the World Bank Group, Marcos Vinicius Chiliatto and Michael Krake. Read how the World Bank supports countries in this.
By Redaktion Table
Under pressure from the Trump administration, World Bank CEO Banga has begun a balancing act at the spring meeting: Rhetorically, the climate issue is falling by the wayside; structurally, Banga is sticking to his reforms. The likely price for this strategy: more World Bank funding for gas and nuclear power.
By Bernhard Pötter
In an interview with Table.Briefings, AIIB Vice President Ludger Schuknecht reaffirms that the development bank will not fund projects in Russia. This also concerns the credibility of the Chinese-dominated organization.
By Marcel Grzanna
Climate change and associated extreme weather events are leading to school closures in many countries, according to a new World Bank report. Low-income countries are particularly affected. But even small investments could help
By Anna Parrisius
A World Bank report shows that countries worldwide earned a record sum of 104 billion US dollars last year by pricing CO2. However, the price per ton remains too low.
By Lukas Bayer
In 2021/22, a record 1.3 trillion dollars was invested worldwide in combating the climate crisis. At the World Bank meeting, countries pledged more money for the protection of common goods. German Climate Envoy Jennifer Morgan also emphasized the responsibility of wealthy emerging countries to contribute financially.
By Bernhard Pötter
A coalition of frontrunner nations launches an ambitious project at the World Bank Conference: A global climate tax is to be adopted at COP30 in 2025. Taxes on financial speculation, fossil fuels, flights and shipping could raise billions for climate action.
By Bernhard Pötter
Climate financing and structural reforms are key topics at the spring meeting of the World Bank and IMF. The World Bank in particular is changing in order to respond faster and better to the climate crisis. But important questions remain unanswered.
By Bernhard Pötter
According to UN climate chief Simon Stiell, the existing climate plans of UN countries will hardly reduce emissions by 2030. He said humanity only has "two years to save the world." In the run-up to the IMF and World Bank spring meetings, Stiell has a clear idea of what is needed to achieve this.
By Bernhard Pötter
A company is suing Romania for several billion US dollars in damages due to a mining license that was not granted. This is based on international treaties intended to protect companies' investments abroad. Proceedings of this kind are on the rise – and have far-reaching consequences.
By Leonie Düngefeld
