This report puts a spotlight on the ten largest directly financed projects supported by the World Bank Group in the period 2018- 21. It further looks at five additional case studies that Big Shift members and their partners have campaigned against and that demonstrate policy and indirect finance interventions that have locked in fossil fuels.
The report shows that even after the Paris Agreement, climate science and climate impacts should have been focusing minds at the WBG on the need for a transition to clean renewables sources of energy, the Group remained in a fossil-funding paradigm, harmful to people, countries and planet.
The World Bank Group has spent US $14.8 billion supporting fossil fuel projects and policies since the Paris Agreement was made.