New research today reveals that not one of the world’s main development banks is on track to help keep the world below 2 degrees warming. Instead, the banks – funded by tax-payers – continue to support fossil-fuel projects in developing countries. Worst performers include the World Bank’s private sector lending arms[1] which promote fossil fuels …
On December 17, the board of the African Development Bank (AfDB) approved a new set of environmental and social safeguard policies to update and replace its decade-old policies and procedures. While civil society and indigenous groups have highlighted the glaring deficiencies in protections for Indigenous Peoples within the new safeguards framework, the new Integrated Safeguards System …
The African Development Bank has been setting itself up as a major knowledge broker for sustainable development across the continent. However, a new mapping project from Heinrich Boell and BIC draws into question the Bank’s track record when it comes to climate change.
This update prepared by the Bank Information Center introduces the FCPF Readiness Package (R-Package) and the Carbon Fund (CF) operational.