World Bank Group’s petrochemical portfolio funds USD7.49 of new capacity for every USD1 of decarbonisation

The World Bank Group’s (WBG) petrochemical portfolio funds USD7.49 of new capacity for every USD1 it spends on decarbonisation, according to a note to be shared with WBG executive directors by the Institute for Energy Economics and Financial Analysis (IEEFA) at the WBG’s annual meeting in Bangkok. The document’s findings are from the Global MDB ...