Archive

World Bank releases 'game-changing' streamlined impact metrics

The World Bank has released a new impact outcomes 'scorecard' which will be deployed across all its institutions for the first time, which was described as "game-changing" for the development bank.

Climate Bonds Initiative names advisory board, to consult on new climate resilience taxonomy

World Bank: Expect 'more and bigger' outcomes-based bonds

Following the Bank's recent plastic waste reduction bond, Michael Bennett tells Ahren Lester that its ambitions are growing

World Bank issues $100m plastic waste reduction-linked bond

The World Bank has raised $100 million from a ground-breaking outcomes-based bond that links its coupon payments to verified plastic and carbon credits generated by projects in Ghana and Indonesia.

COP28: Sovereign sustainability-linked finance task force launched

Eight development banks and financial institutions have launched a technical task force to support the development and growth of the sustainability-linked finance market for sovereign issuers to achieve global climate and nature goals.

COP28: We need carbon markets, say Carney, Kerry and Banga

Mark Carney and other influential figures said carbon credits are essential to combat climate change - but they discussed the need to bring integrity to the much-criticised market.

World Bank: 'Save' SLBs with stricter standards and scrutiny

The World Bank said there are encouraging signs that the quality of sustainability-linked bonds (SLBs) is improving, but standard-setters, external reviewers and regulators also need to up their game to support the "revival".

'Landmark' Global Biodiversity Framework fund launched - but with $40m shortfall

A 'landmark' Global Biodiversity Framework fund was finally given the go ahead, but after just two governments made funding commitments, a further $40 million needs to be found by the end of the year.

Economists promise COP28 roadmap to reform financial system

A "roadmap" to reform international climate finance is to be delivered at the COP28 climate conference in Dubai that will involve measures to catalyse more private finance in developing countries.

World Bank: nature policy reform needed to scale private finance

Boosting investment in natural capital requires global policy reform to signal the scarcity of natural resources, the World Bank said.