Ajay Banga Era Begins at the World Bank
The incoming president will be under pressure to juggle the global institution’s ambitions to combat climate change and fight poverty. Ajay Banga officially became the 14th president of the World Bank on Friday and urged staff to join him in…
Ajay Banga Confirmed as World Bank Leader
Mr. Banga’s appointment to a five-year term was confirmed on Wednesday by the World Bank. Ajay Banga, President Biden’s pick to be president of the World Bank and broaden its ambitions to combat climate change, was approved by its executive…
A ‘Rocking Chair Rebellion’: Seniors Call On Banks to Dump Big Oil
Older climate activists gathered in cities around the country for a day of action targeting banks that finance fossil fuel projects. They were parents, grandparents, great-aunts and great-uncles, ranging in age from their 50s to their 80s and beyond, and…
How the World Bank Can Meet the Needs of a Changing Climate
Illustration by Rebecca Chew/The New York Times; photographs by Getty Images It’s one of the great injustices of this era that countries contributing negligible amounts to global carbon emissions are now feeling the most harrowing impacts of climate change. Pakistan,…
Silicon Valley Bank Collapse Threatens Climate Start-Ups
The bank had relationships with more than 1,500 companies working on technologies aimed at curbing global warming. As the fallout of the collapse of Silicon Valley Bank continued to spread over the weekend, it became clear that some of the…
Biden’s World Bank Pick Looks to Link Climate and Development Goals
Ajay Banga will begin a monthlong “global listening tour” to drum up support for his nomination to be the bank’s next president. The Biden administration’s nominee to be the next president of the World Bank, the international development and climate…
U.S. Expected to Nominate New Head of World Bank on Thursday
The Biden administration wants the global development institution to pursue a more ambitious climate agenda. BENGALURU, India — The Biden administration is nearing a decision on who it will nominate to be the next president of the World Bank, a…
With Two Key Picks, Biden Weaves Climate Into Economy and Regulations
The president adds climate champions Lael Brainard as his top economic adviser and Richard Revesz as his regulations chief. WASHINGTON — This week, President Biden announced that Lael Brainard, the vice chair of the Federal Reserve who is known for…
A Powerful Climate Leader From a Small Island Nation
This article is part of our Women and Leadership special report that profiles women leading the way on climate, politics and business around the globe. At last year’s United Nations climate change summit in Glasgow, Scotland, a powerful new voice…
The bottom line on banks
As one former banker who used to do energy deals told me here at COP27, the financial incentives have tilted back toward fossils. Andrew: The banks’ early commitments on reducing fossil fuel financing were, in truth, never a moral decision….
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