World Bank Fossil Fuel Lending Increases in Last Year

October 8, 2013By Elizabeth BastBlog Post, Featured 2 Comments

In spite of a heightened institutional focus on combating climate change, the World Bank increased its lending for fossil fuels over the last year. Meanwhile, the World Bank also has a ways to go in terms of tackling its objective of supporting universal access to energy, as only 8 percent of the Bank’s energy portfolio last year targeted the world’s poorest.