The World Bank has formally signaled its willingness to fund natural gas infrastructure "where appropriate," ending years of strict restrictions on fossil fuel projects. This operational shift follows
The World Bank has formally signaled its willingness to fund natural gas infrastructure "where appropriate," ending years of strict restrictions on fossil fuel projects. This operational shift follows
The World Bank has formally signaled its willingness to fund natural gas infrastructure "where appropriate," ending years of strict restrictions on fossil fuel projects. This operational shift follows sustained pressure from the United States Treasury, which holds the largest voting share in the multilateral lender. Climate finance strategists and institutional investors across London, Washington, and Frankfurt are now recalibrating their portfolio risk models. The updated World Bank gas financing policy redefines how international development institutions weigh energy security against carbon reduction targets.
Background: From Strict Exclusion to Strategic Flexibility
In 2017, the World Bank committed to stop funding
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Written by Elkanah Oluyori
Director, Clement Isong Foundation · Uyo, Akwa Ibom State, Nigeria
Elkanah leads Clement Isong Foundation with 16+ years of experience in green economy development, climate justice, and civic technology in Akwa Ibom State and Nigeria. He is the founder of GreenAccelerators, Nigeria's first green economy opportunity portal.
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