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World Bank Undermines Paris Climate Treaty!

Research Results: Financing for Fossil Energies 3 to 4 Times Higher Than For Renewables
Kind an einem Wasserbrunnen vor dem Kohlekraftwerk Kusile, SĂŒdafrika

The World Bank has repeatedly and fully pointed out that it will adopt the Paris goals and contribute to reducing greenhouse gases. But, the analyses of the Urgewald Senior Advisor Heike Mainhardt show a different picture: For the last five financial years, World Bank financing for fossil energies has been more than twice as high (12 billion US dollars) as for renewable energies (5 billion US dollars), excluding large hydro power.

African continent: Fossil financing four times as high

For the African continent, the result is even more alarming: In the World Bank's current portfolio, the financing of fossil fuels (USD 10 billion) is even four times higher than that of renewable energies (USD 2.5 billion).

Radical change of course necessary!

 As long as the World Bank continues to promote fossil energies, the many efforts made by the World Bank Group to promote alternative energy models will not suffice to achieve the 1.5 degree target. Whether directly or indirectly, the Bank's support and assistance for the expansion of fossil energies contributes to further global warming. That is why a holistic, even radical change of course must now be initiated!

View the data online now

Database

We provide the necessary transparency and publish here the data on which the results of our two studies by Heike Meinhardt are based. The data have been taken from the World Bank Group's website and have been merged.

Kontakt

    Bild Anprechpartner   Ute Koczy

    Ute Koczy
    Kampagnen zu Finanzinstitutionen, Schwerpunkt Weltbank
    ute.koczy [at] urgewald.org
    +49 (0)2583/30492-0

    Bild Anprechpartner   Heike Mainhardt

    Heike Mainhardt
    Senior Adviser fĂŒr Kampagnen zu multilateralen Finanzinstitutionen
    heike.mainhardt [at] urgewald.org

    Bild Anprechpartner   Knud Vöcking

    Knud Vöcking
    Kampagnen zu multilateralen Finanzinstitutionen
    knud [at] urgewald.org
    +49 (0)2583/30492-14

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