World Bank Adjusts Climate Finance Policy Amid US Pressure

UNVERIFIED·Primary source · Carbon Brief

The World Bank has abandoned its 45% climate finance target following pressure from the US administration. The bank will extend its climate change action plan (CCAP) indefinitely. The US, Saudi Arabia, and Russia reportedly pushed to drop the climate finance targets.

Key Facts

01 — What / Thesis
World Bank Adjusts Climate Finance Policy Amid US Pressure
02 — Who / Subject
World Bank, US Treasury Secretary Scott Bessent
03 — Where / Locus
Washington DC, USA
04 — When / Temporality
July 2026

AI Verification Note

This article is generated by cross-referencing multiple sources and official announcements. Parts relying solely on testimony or reporting are reflected in the confidence score; content and assessment are updated as new information is confirmed.

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World Bank Adjusts Climate Finance Policy Amid US Pressure

Key Facts