World Bank revises climate policy but stops short of halting fossil fuel funding

5th Apr, 2021

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File photo: Solar panels are seen during the inauguration ceremony of the solar energy power plant in Zaktubi, near Ouagadougou, Burkina Faso, November 29, 2017 Reuters

A revised World Bank policy on climate change commits to making financing decisions in line with efforts to limit global warming, but stops short of promising to halt funding of fossil fuels, according to a draft bank presentation seen by Reuters.

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