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Blog Post

The World Bank’s “All of the Above” Approach to Energy in Poor Countries Is a Welcome Change

Vijaya Ramachandran
April 18, 2025
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...
Two silos from a nuclear plant
Blog Post

Why Is the World Bank Spending $12 Billion to Chase Less Than 0.5 Percent of Global Emissions?

Vijaya Ramachandran
November 07, 2024
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.
Photo of a solar panel
CGD in the News

Can transition finance get us to a greener future?

Scott Morris
and
Vijaya Ramachandran
October 03, 2024
Check out the CGD expert's research on the World Bank's climate portfolio, as referenced in the Financial Times. 
CGD in the News

Beyond the numbers: Unlocking the potential of Nigeria’s booming youth population

Junaid Sadiq Masood
and
Vijaya Ramachandran
June 19, 2024
Blog Post

The West Needs to Come to Grips with African Fertilizer Needs

Alex Smith
and
Vijaya Ramachandran
May 01, 2024
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...
Farmers in Morocco working on a labor-intensive farm
Blog Post

Why Is Climate Finance Such a Mess?

Vijaya Ramachandran
December 01, 2023
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...
globe in green nature with the icon of Environment for ESG, co2, circular company, and net zero.
Blog Post

Lagos to Mombasa: Are Energy Access and Climate Mitigation at Odds?

W. Gyude Moore
September 13, 2023
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...
CGD in the News

Kreative Buchführung bei der Weltbank

Scott Morris
and
Vijaya Ramachandran
June 29, 2023
Blog Post

The World Bank Promises to Revamp Its Climate Finance Tracking. We Have Some Recommendations.

Vijaya Ramachandran et al.
June 28, 2023
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...
Solar panels on a farm in Rohertek, Bangladesh. Photo by Dominic Chavez, World Bank
Press Release

New Study: Substantial World Bank Climate Mitigation Funding Spent on Seemingly Unrelated Projects

Scott Morris
and
Vijaya Ramachandran
June 14, 2023
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. 

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