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Tag: world bank

Trump World Bank and climate funding mechanisms for poorer countries facing  worst Climate Change

Trump World Bank and climate funding mechanisms for poorer countries facing worst Climate Change

Breaking News, Climate Actions
Another major concern is the World Bank’s role in climate finance. The US is the largest shareholder in the World Bank and its policies influence global financial decisions. Under Trump, there could be resistance to climate funding mechanisms, including those related to loss and damage compensation for developing nations. This could have devastating consequences for poorer countries facing the worst impacts of climate change. The Battle Ahead: A Test for Global Climate Action Singh concludes that Trump’s return and the rise of Trumpism will test the resilience of global climate movements. The next few years will determine whether the world can overcome these challenges and push for a sustainable future. “We are entering a dangerous phase where climate denial is becoming a structured ...