World Bank warns: “Energy shocks from war in Ukraine could last for three years”

The world faces the highest energy prices since the 1970s, according to the world’s largest creditor institution

Tajikistan to boost climate resilience with $45m World Bank support

The project aims to support sustainable land management in the Central Asian country and promote collaboration with other nations in the region on landscape restoration

New initiative to help develop domestic CCUS market in Nigeria

The International Finance Corporation and the World Bank are working with the Government of Nigeria to produce an atlas of CO2 emission sources and potential sites for underground sequestration

World Bank approves $700m loan to boost Ecuador’s climate resilience

It will allow the government to continue its policies to address structural challenges to achieve fiscal sustainability as well as strengthen low carbon development and support the country’s commitment to carbon neutrality by 2050

Bangladesh to modernise power grid with $500m World Bank fund

The project, which will also support the sustainable transformation of its electricity system, will deliver improved power services to around 40m people in Dhaka and Mymensingh Division

World Bank and Guatemala ink $52.5m agreement to cut emissions from deforestation

The Emission Reductions Payment Agreement will reward efforts to reduce 10.5m tons of carbon emissions through 2025 under Guatemala’s emissions reduction programme

Climate change ‘affecting mental health and spreading infectious diseases in Bangladesh’

According to the World Bank, the country has experienced a 0.5°C increase in temperature over the last 44 years and by 2050, it is predicted to rise by 1.4°C

Japanese life insurance firms invest in green bonds to support climate action

Projects that will be supported include renewable energy, energy efficiency and new technologies in waste management and agriculture that reduce greenhouse gas emissions

Climate change ‘could make 216m people leave their homes’

First signs of internal climate migration could emerge as early as 2030, a new report finds

New $21.9m fund approved for geothermal energy exploration in Saint Lucia

The project will support exploratory drilling, capacity building, technical assistance and market engagement as well as prepare women for employment for technical jobs within the energy sector