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 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

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…

June 30, 2026 - The World Bank has indefinitely extended its climate change policy framework but eliminated the percentage targets for...

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

Even though the global lender has scrapped a headline goal for its financing with climate benefits, it has decided to continue its climate action plan in the face of US pressure…

The World Bank has abandoned its target of directing 45 percent of its financing to projects that help tackle climate change, prompting warnings that poorer countries – especially…