World Bank drops climate funding target, raising fears for Africa
- The World Bank has abandoned its target of directing 45 percent of its financing to projects that help tackle climate change, prompting warnings that poorer countries – especially in Africa – could receive less support to adapt to a warming world.
- Issued on: 02/07/2026 - 12:43 2 min Reading time The bank's five-year Climate Change Action Plan expired on Tuesday.
- Last year it put 48 percent of its lending – worth $51 billion – into projects with climate benefits, surpassing its original 45 percent target.
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- The World Bank has abandoned its target of directing 45 percent of its financing to projects that help tackle climate change, prompting warnings that poorer countries – especially in Africa – could receive less support to adapt to a warming world.
- Issued on: 02/07/2026 - 12:43 2 min Reading time The bank's five-year Climate Change Action Plan expired on Tuesday.
- Last year it put 48 percent of its lending – worth $51 billion – into projects with climate benefits, surpassing its original 45 percent target.
Sources: RFI