As Europe faces deadly heatwaves, the World Bank drops its 45% climate finance target under pressure from the Trump administration, refocusing on core development priorities.
The decision comes amid a severe heatwave in Europe
Jun 30, 2026
10:32 am
What's the storyThe World Bank Group has decided to "retire" its goal of allocating 45% of annual lending resources to projects with climate co-benefits.
This decision comes even as Europe faces a severe heatwave that has resulted in over 1,000 excessive deaths.
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