This new report shows that even after the Paris Agreement, climate science and climate impacts should have been focusing minds at the WBG on the need for a transition to clean renewables sources of energy, the Group remained in a fossil-funding paradigm, harmful to people, countries and planet.

The World Bank Group has spent US $14.8 billion supporting fossil fuel projects and policies since the Paris Agreement was made.

Photo: A group of residents on the Salira beach which is located between the Coal Power Plant (CPP) complex in Suralaya, Banten Province, Indonesia, on Monday (13/6/2022). The government continues to build new CPPs in the area with the Java 9 and 10 CPP projects which have now entered the construction stage. Melvinas Priananda/Trend Asia

Investing in Climate Disaster: World Bank Finance for Fossil Fuels

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