A Forest of Money? – PDF Today, BIC is publishing a translation of an important study on international finance for forests in Peru, titled “Un Bosque de Dinero” or “A Forest of Money” in English, which was written in collaboration with Derecho, Ambiente y Recursos Naturales (DAR). This extensive study examines financing from Multilateral Development …
Clearing for a coal mine, Central Kalimantan forest Credit: Andrew Taylor/WDM, taken on June 8, 2013 Licensed under:https://creativecommons.org/licenses/by/2.0/ PRESS RELEASE: World Bank introducing new fossil fuel subsidies, undermining its own climate change commitments and forest protection efforts New analysis of Bank’s $5-billion-dollar policy loans shows lender supporting investment incentives for coal and other fossil fuel …
Update: World Bank Should Release Draft of Country Partnership Framework for Meaningful Consultation
January 11, 2017 The World Bank is in the process of drafting a new Country Partnership Framework to guide its work in Peru for the next four to six years. This framework is slated to be finalized by April 2017, and is meant to include feedback and comments from stakeholders. However, no draft of this …
This World Bank Annual Meetings 2016 Civil Society Policy Forum session addressed how the World Bank Group can ensure that its financial intermediary (FI) investments are consistent with its forest and climate commitments. New research by Inclusive Development International on the impacts of IFC FI investments on forests, land rights, and climate was presented. A …
World Bank Funded Land Allocation for Social and Economic Development (LASED) Project in Cambodia On Tuesday, finance ministers from around the world concluded the third negotiation for the 18th replenishment of the International Development Association (IDA), the World Bank’s fund for the poorest countries. While IDA should be focusing its investments in areas and sectors …
Photo © Joe Athialy (Washington DC, October 3, 2016) – The World Bank Group has secretly funded a coal boom in Asia despite announcing a moratorium on such projects in 2013, according to the results of a new investigation. World Bank President Jim Yong Kim has spoken forcefully about the dangers of new coal projects. …
The term ‘tipping point’ has been used to describe the current state of affairs in the past few months on numerous occasions. From climate change to politics, society is being called into action by the fear of reaching a tipping point – a moment of sudden and irreversible change. Even deforestation isn’t exempt from …
[Valerie Plesch/Al Jazeera] BIC’s Nezir Sinani was quoted in an Al Jazeera article on Kosovo’s coal country by Valerie Plesch. The article finds that “residents living in the polluting shadows of two power plants may soon contend with a third.” Find the full article here.
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 …
PRESS RELEASE (October 5, 2015) The World Bank, with an overarching mission to end poverty, hosts its Annual Meetings this week in Peru. Given that the impacts of climate change disproportionately harm the poor, and that world leaders are set to make a global agreement on climate change this December, climate is at the top …