World Bank Group Financial Flows Undermine the Paris Climate Agreement

This analysis focuses on the Paris Climate Agreement’s goal regarding low GHG-financial flows and the role of the WBG.  As such, the analysis reviewed the WBG’s energy portfolio to assess financial flows toward fossil fuels (high GHG emissions) vs. renewable energy (low or no GHG emissions). The WBG influ-ences financial flows through four main activities: 1. project finance; 2. development policy finance and advisory services; 3. budget support; and 4. financial intermediaries. The analysis covers the first three. It does not cover financial intermediaries due to a lack of available data. The analysis reviewed over 675 WBG operations.