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On Wednesday, World Bank President Ajay Banga announced that the Bank will pursue an “all of the above” approach to energy projects in poor countries, including lending for natural gas, geothermal, hydroelectric, solar, wind, and nuclear power. This marks a departure from its current policy of fundi...

As world leaders gather at COP29 to chart a path forward on financing efforts to address the global climate crisis, one critical issue demands their attention: the chronic underfunding of climate adaptation in low-income, low-emission countries.

Check out the CGD expert's research on the World Bank's climate portfolio, as referenced in the Financial Times. 

At the core of African food insecurity are the continent’s notoriously low crop yields—the amount of produce farmers harvest relative to the area of land they farm. And one of the main reasons for low yield compared to other regions is that African countries, on average, use far less fertilizer to b...

The dirty secret of climate finance is that much of it is displacing traditional development aid. Calls for more climate finance are important, but if current practice is any guide, a large share of the funds will be taken from budgets that fund critical development priorities, such as health, educa...

Olu Verheijen from the Nigerian government and Vijaya Ramachandran from the Breakthrough Institute join Gyude to discuss the scale and nature of the energy crisis in Africa, the role that renewable energy can (and can't) play in addressing it, and what steps African countries—and partners—can take t...

On June 14, we published a paper titled “What Counts as Climate?” where we argued that the World Bank has developed a climate portfolio that lacks estimates of greenhouse gas emissions reductions and has no standardized reporting on GHG estimates. Last week, the World Bank sent an email to members o...

WASHINGTON – The World Bank’s climate mitigation portfolio includes several hundred loans that appear to have nothing to do with climate mitigation, according to a new study released today by the Breakthrough Institute and the Center for Global Development.