France’s development minister issued an eleventh-hour plea to the World Bank on Thursday, urging it to resist pressure from its largest shareholder, the United States, and stick with a climate finance target due to lapse at the end of the month.
U.S. President Donald Trump’s administration has demanded the World Bank abandon a target to devote 45% of its annual lending resources to climate-related projects, and focus instead on core development lending, including a return to fossil fuel projects.
The views and opinions expressed are those of the author’s and do not necessarily reflect the official policy or position of C3.