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Europe Draws a Climate Red Line as World Bank Retreat Sparks Battle Over the Future of Development Finance

Europe Draws a Climate Red Line as World Bank Retreat Sparks Battle Over the Future of Development Finance

European Investment Bank reaffirms climate leadership after World Bank abandons financing target, exposing widening divisions across the multilateral system The world’s largest multilateral development banks are entering a defining moment over climate finance. Just days after the World Bank announced it was abandoning its long-standing target that 45 percent of

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Trump Pressured the World Bank to Retreat on Climate Finance

Trump Pressured the World Bank to Retreat on Climate Finance. Now What?

Days after the World Bank dropped its 45% climate finance target under U.S. pressure, the immediate fight over the benchmark is over. The bigger question now is whether climate resilience remains central to development finance, or becomes politically negotiable. The World Bank’s decision this week to scrap its 45% climate

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Europe’s Heat Emergency: Record Temperatures Push Governments Into Crisis Mode

Europe’s Heat Emergency: Record Temperatures Push Governments Into Crisis Mode

Europe is confronting one of the most severe heat emergencies in its modern history, as record-breaking temperatures sweep across the continent, overwhelming hospitals, disrupting transportation, closing schools, and forcing governments to activate the highest levels of emergency response. What was once considered an extraordinary weather event is increasingly becoming a

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