Sustainable Economic Systems
We aim to create a more environmentally sustainable and socially just world by transforming financial and economic systems. We work to redirect tax policies and public spending to make polluters pay for the costs of their pollution, and to drive the transition to a cleaner, low-carbon economy. At home and abroad, we advocate for policies that minimize environmental and social harm and fund a brighter future. In the United States, we strengthen regulations to encourage sustainability in financial markets and fight trade policies that allow companies to run roughshod over the environment and human rights. We also work with allies around the world to alter lending practices at financial institutions such as the World Bank, the U.S. Export-Import Bank and Wall Street banks that fund polluting activities and harm communities in developing countries.
Today at the conclusion of the OECD Export Credit Group negotiations, participating nations failed to reach an agreement on fossil fuel finance, despite scientists’ repeated calls for urgent climate action.
COLOMBIA – Today, a global group of NGOs and rights holders -- including Rainforest Action Network, Third World Network, the Forests & Finance coalition, Indigenous Environmental Network, WECAN, Bank Track, Global Forest Coalition, Friends of the Earth International and other NGOs -- have filed a complaint with…
The US Export-Import Bank (EXIM) voted to approve a massive financing deal for a petrochemical project in Malaysia, compromising US’ climate pledges in advance of the UN Climate Change Conference (COP29) in November.
It is critical that investors — and the general public — understands how companies’ activities may be contributing to climate change, what the climate financial risk of their business is, and whether they have plans for transitioning to a low-carbon economy.
Fossil fuel financing from those signers is falling drastically, and most signatories have either eliminated or considerably reduced fossil fuel financing.
Raymond exemplifies the fossil fuel industry’s decades of climate denial. His retreat under pressure from the climate movement in a historic win, showing that fossil oligarchs’ and climate deniers’ stranglehold on Wall Street is waning.
The World Bank Group (WBG) plays a massive role in directing global economic development, and has the potential to support climate mitigation and adaptation by strategically using public funds. Unfortunately, it continues to invest in profitable, polluting companies under the guise of green development. Over the past year, the…
The World Bank Group's mission is to end extreme poverty and promote shared prosperity on a livable planet.
Serious financial, social, environmental, and climate risks aside, the development of LNG in Mozambique has also been tangled up in a corruption scandal of international scale, and a devastating militarized conflict impacting over a million people.
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DownloadUKEF letter on Mozambique
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Learn MoreRed Lines for a Green Future: Exploring Exclusionary Approaches to Protecting Biodiversity and People
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Learn MoreFinancing for Biodiverse Futures? Key Considerations for Financial Institutions to Stop and Reverse Biodiversity Loss