Which way for climate action? Missing signposts in the World Bank’s Evolution Roadmap

Recourse argues that the World Bank Group's Evolution Roadmap lacks essential commitments to the 1.5C goal and fails to rule out direct or indirect funding for fossil fuels, including through financial intermediaries and technical assistance.

• The World Bank Group's Evolution Roadmap proposes adding 'climate action' as a third goal alongside boosting shared prosperity and ending extreme poverty, yet it fails to mention Paris alignment to keep global warming below 1.5C or specifically address fossil fuels.
• The roadmap does not explicitly prohibit the funding of fossil fuels through direct or indirect finance, including via financial intermediaries, and ignores the more than $16 billion spent on fossil fuel financing since the Paris Agreement.
• Recourse identifies risks in the World Bank's use of financial intermediary lending via the International Finance Corporation (IFC) and technical assistance, noting that these mechanisms can expose the bank to fossil fuel investments or entrench their use.
• The document cites the World Bank's Country Climate and Development Reports (CCDRs) and specific technical assistance in Vietnam as examples of continued support for fossil gas and LNG despite the country's high potential for wind and solar energy.

APA

Witt, F. (2023). Which way for climate action? Missing signposts in the World Bank’s Evolution Roadmap. Recourse. https://re-course.org/newsupdates/which-way-for-climate-action-missing-signposts-in-the-world-banks-evolution-roadmap/

Chicago

Witt, Fran. Which way for climate action? Missing signposts in the World Bank’s Evolution Roadmap. Recourse, 2023. https://re-course.org/newsupdates/which-way-for-climate-action-missing-signposts-in-the-world-banks-evolution-roadmap/.

Wikipedia

{{cite press release |last1=Witt |first1=Fran |title=Which way for climate action? Missing signposts in the World Bank’s Evolution Roadmap |publisher=Recourse |date=6 March 2023 |url=https://re-course.org/newsupdates/which-way-for-climate-action-missing-signposts-in-the-world-banks-evolution-roadmap/ |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@misc{witt2023which, author = {Witt, Fran}, title = {{Which way for climate action? Missing signposts in the World Bank’s Evolution Roadmap}}, publisher = {Recourse}, year = {2023}, month = mar, url = {https://re-course.org/newsupdates/which-way-for-climate-action-missing-signposts-in-the-world-banks-evolution-roadmap/}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }