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New World Bank president signals that time is up on billion euro subsidies for fossil fuels

Fossil fuel and agricultural subsidies should be redirected to climate action, Ajay Banga suggested at the bank's annual meeting.

Every bit helps: How policies, governance and institutions can help us spend better for climate and development

Learn why the need for countries to spend more on their development should not obfuscate another key requisite for success: countries can and need to spend better. 

G20 nations spent record money on fossil fuel subsidies in 2022: report

Despite promises made at the Cop26 climate summit in Glasgow to reduce fossil fuel subsidies, a report has shown that G20 nations poured a record €1.3 trillion into the fossil fuel industry in 2022. 

Realistic action plan needed to avert global climate change disaster

Redirect multi-trillion dollar subsidies to climate action — World Bank

The World Bank has called on Ghana and other countries across the world to consider redirecting the trillions of money spent on “inefficient.