Multilateral banks are key to financing the fight against global warming. Here is how they work ...Middle East

Associated Press International mega banks, funded by taxpayer dollars, are the biggest, fastest-growing source of climate finance for the developing world. How these banks allocate resources are some of the weightiest decisions made in defining how poorer nations can respond to climate change. They were a key reason why, in 2022, the world met a goal countries set together in 2009 to supply developing nations with $100 billion annually to address climate change. But the banks have also been criticized for continuing to fund fossil fuel projects, even as they invest more in green energy and reducing countries’ emissions. The post Multilateral banks are key to financing the fight against g

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Multilateral banks are key to financing the fight against global warming. Here is how they work ...Middle East

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