The World Bank has dropped its long standing finance target, a move that raises questions about how much capital will flow to climate projects in developing countries. The article from Carbon Brief explains what the abandoned goal was, why it mattered, and what happens next. It covers the gap between pledged finance and actual disbursement, and how this affects renewable energy and adaptation projects that rely on multilateral funding. For anyone tracking climate finance or carbon markets, this shift matters. If the World Bank steps back, other institutions and private capital will need to fill the gap. The piece is worth reading for its breakdown of the numbers and the political context behind the decision.
