The upcoming Summit for a New Global Financing Pact will bring together global leaders to 
look at how international financing can bring solutions to countries facing mounting crises from climate change to poverty and pandemics. This is an opportune time to focus on how international finance can jumpstart the clean energy transition, especially for the countries most vulnerable to climate change.
Tag Archives: Energy Transition
For a Just Transition Away from Coal, People Must Be at the Center
STORY HIGHLIGHTS 
- If not phased out before 2040, coal will push the world closer to climate change catastrophe.
- Experience has shown that the shift from coal can take decades and present not only economic and employment challenges, but social and cultural ones.
- The Supporting Energy Transition in Coal Regions initiative provides advice and financing to countries that have made the decision to transition away from coal.
New World Bank Fund to Support Climate-Smart Mining for Energy Transition
The World Bank launched the Climate-Smart Mining Facility on May 1st, the first-ever fund dedicated to making mining for minerals climate-smart and sustainable. The Facility will support the sustainable extraction and processing of minerals and metals used in clean energy technologies, such as wind, solar power, and batteries for energy storage and electric vehicles. It focuses on helping resource-rich developing countries benefit from the increasing demand for minerals and metals, while ensuring the mining sector is managed in a way that minimizes the environmental and climate footprint.
Netherlands for the World Bank 
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