Just two of the world’s top financial institutions have commitments to phase out fossil fuels

The World Bank Group has announced an 'extension' of its Climate Change Action Plan (CCAP), which will see it shift away from financing targets towards measuring development outcomes.

Only two of the world’s 400 largest financial institutions have 'robust commitments' in place to phase out fossil fuels, new analysis from the World Benchmarking Alliance (WBA) has found. According to the WBA's Financial System Climate Assessment, ar...

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