The World Bank on Monday extended its climate change policy framework indefinitely, but dropped its targets for the percentage of financing that must have climate-related impacts, according to a statement.

The World Bank on Monday extended its climate change policy framework indefinitely, but dropped its targets for the percentage of financing that must have climate-related impacts,…

The World Bank removed its 45% climate lending target after US Treasury Secretary Scott Bessent called the goals 'distortionary,' signaling a major shift in