World Bank scraps climate financing after facing pressure from Trump
The 45% target was set following the United Nations’ climate conference in 2023, pledging the funding to climate-related projects by 2025.
Host Jason Bordoff (@JasonBordoff) interviews Adnan Shihab-Eldin, Director General of the Kuwait Foundation for the Advancement of Sciences and the former Acting Secretary General and Director of the Research Division of OPEC, about oil markets and the future of GCC economies. Topics they discuss include: Impacts of the oil price collapse on GCC economies; Economic reforms in GCC nations; The reality of peak oil demand; The role of shale in global oil supplies; Russia’s commitment to OPEC production cuts.
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Recent scientific reassessments strengthen the case for rapid climate action rather than weaken it.
This Energy Explained post represents the research and views of the author(s). It does not necessarily represent the views of the Center on Global Energy Policy. The piece...