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MDBs fail to deliver on joint Paris Alignment promise at COP25

At COP25 in Madrid, Spain the nine multilateral development banks (MDBs) provided a public update on their joint commitment to Paris Alignment. Though the group of banks first committed to a process to align their financial flows with a 1.5°C pathway in 2017, yesterday's announcement provided few new details. 

Big Shift coalition open letter to the leaders of the MDBs

As COP25 in Madrid begins, the Big Shift coalition calls on the Multilateral Development Banks to align their finance with the 2015 Paris Agreement, increase their investments in renewable energy and stop financing fossil fuels and ensure they present a detailed approach and report on their progress. 

Press release: 18.10.2019

No more excuses: The World Bank must halt all funding for fossil fuels - civil society protests at World Bank annual meetings

Civil Society Letter to World Bank group

Nearly 100 civil society organisations who are planning protests outside this year's World Bank Annual Meetings have written a letter to the World Bank President and Executive Directors calling for greater action on climate change. 

Press release: 08.04.2019

Civil society urge the World Bank to increase investments in distributed renewable energy

Press release: Reaction to IFC coal exclusion

Civil society welcomes IFC's move to exclude coal in its financial intermediary lending - but fears that it might be too little too late

Press release: 15.03.2019

Civil Society Call on World Bank Executive Directors to Prioritise Climate Commitments under new Presidency

Press release: 26.09.2018

Big Shift Global reaction to World Bank Group announcement on increased investment in battery storage

Press release: 18.10.2019

No more excuses: The World Bank must halt all funding for fossil fuels - civil society protests at World Bank annual meetings