- Groups Urge ‘No Role’ for the World Bank in Managing Climate Funds
Groups Urge ‘No Role’ for the World Bank in Managing Climate Funds
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The success of global climate negotiations – and the fight against climate change – largely depend on
developed countries meeting their responsibilities to transfer hundreds of billions of dollars each year to
support developing countries to deal with global warming and to transition to sustainable and equitable
economies. This money will only be as effective as the institutions through which it is channeled.
During the UN climate talks taking place from June 1 to 11, 2010 in Bonn, Germany, nearly 300 civil society groups from across the world declared that the World Bank should have no role in managing climate funds.
Click here to read the full statement and see the groups that have joined this call.