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World Bank Climate Profiteering The World Bank's long-running identity crisis is proving hard to shake. When efforts to rebrand itself as a "knowledge bank" didn't work, it devised a new identity as a "Green Bank." Really? Yes, it's true. Sure, the Bank continues to finance fossil fuel projects globally, but never mind. The World Bank has seized upon the immense challenges climate change poses to humanity and is now front and center in the complicated, international world of carbon finance. It can turn the dirtiest carbon credits into gold. How exactly, does this work, you ask?

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World Bank Climate Profiteering

The World Bank's long-running identity crisis is proving hard to shake. When efforts to rebrand itself as a "knowledge bank" didn't work, it devised a new identity as a "Green Bank." Really? Yes, it's true. Sure, the Bank continues to finance fossil fuel projects globally, but never mind. The World Bank has seized upon the immense challenges climate change poses to humanity and is now front and center in the complicated, international world of carbon finance. It can turn the dirtiest carbon credits into gold.

How exactly, does this work, you ask?