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South side headquarters for the World Bank in Washington, DC, USA. Very modern building, it is the site of frequent anti-globalization protests.

World Bank: The official goal is 'Paris-compatible'

The World Bank announces big green plans: Ending fossil fuel financing, new reporting methods for the transition, more money for the climate and "Paris compliance" for its own business. But critics find transparency lacking and question the departure from fossil energy.

By Alexandra Endres

Pressekonferenz mit u.a. Francesco La Camera IRENA, im Rahmen des Berlin Energy Transition Dialogue in Berlin, 29.03.2022. Berlin Deutschland *** Press Conference with u a Francesco La Camera IRENA , in the framework of the Berlin Energy Transition Dialogue in Berlin, 29 03 2022 Berlin Germany. Copyright: xJaninexSchmitz/photothek.dex

'Rethinking the global energy transition'

A recent report by the International Renewable Energy (IRENA) warns that only an immediate and drastic expansion of renewables can help meet the climate targets. However, IRENA head Francesco La Camera is not optimistic.

By Bernhard Pötter