The Paris Climate Agreement commits countries to try to keep global temperature rise below 1.5°C. This is essential for preventing run-away climate change. To do this, the world needs to urgently phase out the use of fossil fuels, like coal, oil and gas, and shift to using sustainable, renewable energy.
Renewable energy is also crucial for tackling poverty for the over one billion people around the world who still don’t have electricity. The World Bank has a critical role to play in bringing modern energy to people living without it and we need your help to persuade the World Bank to take urgent action!
The World Bank Group’s private sector arm, the International Finance Corporation, manages and invests huge amounts of taxpayers’ money in development projects through so called “financial intermediaries” such as commercial banks and private equity funds, some of which are still fuelling climate change. The IFC is also a standard-setter for private banks and companies around the world, so influencing the IFC has a beneficial ripple-effect.
We are calling on the World Bank to move all its money out of dirty fossil fuels and rapidly scale up support for affordable, renewable energy to reach and benefit the most vulnerable and remote communities. This would improve the lives of people around the world suffering the impacts of climate change or living without access to modern energy and set a gold standard for other public and private banks to aspire to.
Join the global campaign
The Big Shift Global campaign demands that governments and global institutions set the world on a pathway to keeping global warming below 1.5°C, whilst ensuring that all people have access to sustainable and affordable renewable energy. The World Bank supports the Paris Agreement to limit global warming and the UN Sustainable Development Goal of universal energy access for all by 2030. However, the World Bank is still not doing enough to support these goals.
We are calling on the World Bank to align its lending and operations with the 1.5°C target by adopting science-based emissions targets for its lending, ending all investment in fossil fuels, and to increase its financing for distributed renewable energy projects that will provide clean energy for the poorest as soon as possible.
Email the President of the World Bank, Jim Yong Kim, and ask him to commit to aligning the World Bank’s investments with the Paris Agreement 1.5°C pathway and to scaling up support for clean energy accessBy selecting your country of residence below, your email will also be sent to your regional World Bank Executive Director to double your impact.
We have provided editable suggested text for your email below.