8legs: International monetary fund spring meetings

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Don’t mention the climate: Trump creates ‘beyond absurd’ situation at global finance talks

At IMF and World Bank spring meetings in Washington, delegates from up to 189 countries confront pressure to avoid mentioning climate in discussions.
The U.S. push on climate language comes as Scott Bessent urged the World Bank to finance all energy sources, complicating climate targets.
Experts say sidelining climate talk could jeopardize the new climate change action plan (CCAP) for major funders.
World Bank and IMF are under pressure to maintain climate finance targets while funding energy projects.
Cop29 targets aim for $1.3 trillion yearly climate funding to the developing world by 2035, with developed countries contributing $300 billion.
World Bank’s climate funding track record shows 48% of financing qualified as climate co-benefits in the last fiscal year.
World Bank officials defend financing that supports low-carbon and resilient infrastructure while acknowledging demand from clients.
Analysts say climate finance accounting and reporting could evolve, clarifying what counts as climate-related funding.
The Guardian reports tension amid geopolitics and Iran ceasefire as the meetings unfold.
Senior staff warn that US pressure could push climate policy into backroom deals rather than open debate.
Leaders in developing countries fear reduced funding for climate adaptation amidst ongoing oil volatility.
The Guardian notes that the spring meetings could shape long-term climate finance architecture.

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