US EditionWorld Bank energy strategy review considers reversing phaseout of support for gas production
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World Bank energy strategy review considers reversing phaseout of support for gas production
World Bank President Ajay Banga launched a review of the Bank’s energy financing at the Spring Meetings. Following discussions by its executive board in June, the Bank has lifted its ban on nuclear energy, per Bloomberg reporting (see Observer Winter 2024), and is now debating support for ‘upstream’ gas projects. In 2017, the World Bank announced that it planned to phase out support for such projects (see Observer Spring 2018). As Bloomberg repo…
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