Fudged Figures, Gas, and Debt: Digging into MDBs’ “Climate Finance”

At the COP29 climate talks, World Bank President Ajay Banga (middle) committed to increase climate finance available through MDBs for low- and middle-income to $120 billion per year by 2030, much of it through leveraging private sector investment. Credit: Madeleine Race/Recourse. This week, at the COP29 climate talks, the multilateral development banks (MDBs) are patting themselves on the [...]