[ [link removed] ]350.org

 

 



Last week, we sent you a message about the World Bank and its soon-to-be
new President, Ajay Banga. That message is so important that we’re sending
it again, to ensure you don’t miss it. Here’s why:

The risk of a global recession increases every day, with emerging and
developing countries expected to bear the greatest burden. On top of
dealing with the recession, developing countries are the most impacted by
the climate crisis.

Some of the key measures that these countries could implement to improve
their long-term growth are centered around climate resilience. With the
right funding, these countries can create infrastructure that protects
them against climate change.

As one of the most powerful financial institutions in the world, the World
Bank has the potential to grant this funding and promote just climate
solutions – but first, Ajay Banga needs to take steps to reform the
institution and fund a just transition.

[ [link removed] ]We’re preparing to send Banga an urgent petition calling on him to meet
our demands and reform the World Bank – but we noticed your name is
missing. With the US being the second biggest emitter of fossil fuels, we
have the responsibility to get off the sidelines and act. Will you add
your signature now?

[ [link removed] ]SIGN NOW

– Team 350

--------------------------------------------------------------------------

Hi John,

One of the most powerful financial institutions, the World Bank, is
getting a new President. This is an opportunity we cannot miss – here’s
why:

The new President for the World Bank, Ajay Banga, was nominated by
President Joe Biden and will be taking office in July once all the
countries vote him in. 

This is a critical moment to ensure that the new President at the World
Bank will invest in real, just climate solutions. Investing in climate
solutions needs to be the first priority when Ajay Banga takes office, and
this is where you come in.

[ [link removed] ]John, we
need to make sure Banga is leading the World Bank into the right
direction. Will you sign our petition calling on Ajay Banga to reform the
World Bank and fund the just transition?

[ [link removed] ]SIGN NOW

In the past, the World Bank has funded mega projects that destroy nature
and people’s homes^1, and poured about $14.8 billion into fossil fuel
projects and policies that cause the climate breakdown, since the landmark
Paris Climate Agreement in 2015.^2

But with the new President, this could all change. We need an internal
champion in the World Bank, and the Bank’s President has the power to fund
just climate solutions across the globe.

Before Banga takes office, he’s vulnerable to public pressure. This is why
we have to make our demands as loud as possible now:

* Stop funding fossil fuels and false solutions.
* Direct funds to support the immediate global transition to justly
sourced and justly implemented renewable energy.
* Ensure access to clean, affordable energy for all.
* Stop unfair predatory lending practices that further oppression and
deepen inequality.

The World Bank has enough money and power to help lift people up from
poverty, and fight the climate crisis by supporting the urgent just
transition to renewable energy – but only if Banga takes our demands
seriously and reforms the institution.

[ [link removed] ]John,
please sign your name under these urgent
demands.

[ [link removed] ]SIGN NOW

This is only the first step in our new campaign to get the World Bank to
play the role of a champion of climate solutions across the world. Take
action today to make this first push a success!

Thank you so much for being part of this fight,

Deborah Wong for 350.org

 

1 - [ [link removed] ]Climate Home News

2 - [ [link removed] ]The Big Shift Global




 




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