World Bank abandons 45% climate finance target amid US pressure

The World Bank has dropped a headline goal for increasing climate-related financing to 45% of its portfolio, though experts say it can continue broad climate work despite the withdrawal.

First covered Jul 2, 2026 · 3:23 AM PT · 2 articles

Coverage

3h Carbon Brief Q&A: How will the World Bank’s abandoned finance goal affect climate action? — The World Bank has abandoned a target for 45% of the funding it gives developing... The post Q&A: How will the World Bank’s abandoned finance goal affect…

1d Climate Home News World Bank’s climate work can endure without finance target, experts say — Even though the global lender has scrapped a headline goal for its financing with climate benefits, it has decided to continue its climate action plan in the…

Primary sources

worldbank.org Update on the World Bank Group Climate Change Action Plan — cited by 2 of the outlets above

thedocs.worldbank.org Ida Focus Climate Change 25 Oct 2024 (thedocs.worldbank.org) — cited by 2 of the outlets above

careclimatechange.org Care Climate Adaptation Finance Fact Or Fiction 1 (careclimatechange.org)

Related coverage

9h Climate Home News Billions unlocked as Green Climate Fund agrees to spend more and save less

More coverage from around the web

eenews.net World Bank drops climate finance target amid US pressure - E&E News by POLITICO

subscriber.politicopro.com E&E News: World Bank drops climate finance target amid US pressure

qcintel.com World Bank drops climate co-benefits target amid US pressure

edie.net World Bank drops climate financing targets following pressure from US - edie

esgnews.com World Bank Drops 45% Climate Lending Target - ESG News

Appeared in: 2026-07-03 (#5)

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