The World Bank has abandoned its ambitious climate lending target adopted during the Biden administration in 2023, under pressure from the Trump administration.

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

The World Bank has abandoned its ambitious climate lending target adopted during the Biden administration in 2023, under pressure from the Trump administration.

The development lender has been under pressure from the Trump administration to abandon the climate lending target

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 World Bank on June 29 extended its climate change policy framework indefinitely, but dropped its targets for the percentage of financing that must have climate-related…

U.S. officials have pressured Europe to abandon climate change related regulations and policies, urging refinancing for fossil fuels.

Die USA konnten sich zwar nicht damit durchsetzen, den Klimaaktionsplan der Entwicklungsbank ganz zu streichen. Zentrale Regeln fallen aber weg.

World Bank abandons climate finance targets after U.S. criticism, potentially impacting projects in developing countries like India.