This page is part of the E3G Public Bank Climate Tracker Matrix, our tool to help you assess the Paris alignment of public banks, MDBs and DFIs.
|Unaligned||For every $1 the IBRD & IDA provide to fossil fuels, $1.5 & $1.3 goes to renewables & $1 & $2.8 goes to T&D respectively, between 2016-2019.|
For every $1 the IBRD & IDA provide to fossil fuels, $1.5 & $1.3 goes to renewables & $1 & $2.8 goes to T&D respectively, between 2016-2019. This is a slight improvement on the figures for 2016-2018.
The World Bank has met its internal climate finance target of 28% by 2020, and has now adopted a 35% target for 2025.
The World Bank has seen a large increase in adaptation financing as a percentage of its total portfolio. In 2020, adaptation financing almost equalled the level of mitigation financing at the World Bank.
Recommendation: Scale up climate investment in the energy sector to ensure fossil fuel lending is at zero across a 3-year period.
This work is funded by Good Energies Foundation.