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The Presidents of the European Bank for Reconstruction and Development (EBRD) and the European Investment Bank (EIB), Odile Renaud-Basso and Werner Hoyer, appealed yesterday for urgent action on climate change, while comparing their complementary work on tackling it in their…

Investment in greenhouse gas emission reduction fell last year despite the growing urgency of the climate crisis, and the benefits of outlays were cancelled out by investments globally in fossil fuels and other dirty industries, finds a report by the…

Six of the world’s largest multilateral development banks (MDBs) rounded up $81 billion last year to finance climate change action, their joint report released Tuesday showed. “In 2015, the MDBs collectively committed more than USD 25 billion in climate finance,”…