The World Bank poured 3.7 billion dollars into fossil fuels around the world last year despite repeated promises to refocus on shifting to a low-carbon economy, according to research from campaign group Ungewald.
The money went through a special form of funding known as trade finance, which is used to facilitate global transactions and is more opaque than standard project finance.
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#ClimateEmergency #oil #gas #ungewald #Environment #fossilfuels #ifc #worldbank