The World Bank is abandoning a climate-focused lending target that it adopted in 2023 during the Biden administration. According to reporting, the move comes after pressure from the Trump administration, which opposed the earlier climate lending ambition. The target was presented as part of the World Bank’s wider approach to financing climate-related projects. With the decision to drop the goal, the bank is expected to adjust how it sets and communicates climate-related financing priorities going forward. Both outlets report that the change follows a shift in U.S. policy direction affecting international institutions. The articles do not provide additional details on the specific target amount, the precise timeframe of the original commitment, or what alternative targets or metrics the World Bank will use instead. Overall, the reporting frames the decision as a reversal of the earlier climate lending goal amid competing U.S. policy positions on climate finance.
World Bank drops climate lending target adopted in 2023
The World Bank is abandoning a climate-focused lending target that it adopted in 2023 during the Biden administration. According to reporting, the move comes after pressure from the Trump administrati...
- The World Bank abandons a climate lending target adopted in 2023.
- The target was adopted during the Biden administration.
- Reporting links the decision to pressure from the Trump administration.
- The change affects the World Bank’s planned climate-related financing priorities.
- Sources do not specify a replacement target or detailed figures.
The World Bank has abandoned its ambitious climate lending target adopted during the Biden administration in 2023, under pressure from the Trump administration.
2 hours agoThe World Bank has abandoned its ambitious climate lending target adopted during the Biden administration in 2023, under pressure from the Trump administration.
2 hours ago
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