The US has forced the World Bank to scrap a climate financing rule.
According to the Financial Times, the bank removed its target to allocate 45% of financing to climate projects from its plan.
The decision came after months of negotiations among shareholders. Although European countries and some borrowing nations supported maintaining the target, the US, with the largest voting share, secured its removal.
The bank extended its main climate program but removed the numerical commitment from the document. The Trump administration has consistently opposed the climate agenda.
