World Bank's Ajay Banga to wait and watch Trump's climate actions
Donald Trump as President of the United States won't throw the World Bank (WB) off course in meeting its climate targets, the anti-poverty lender's President Ajay Banga said.
«Let's watch his actions, watch his deeds and work with him on explaining why these things are good for American business, for European businesses, and for everybody else,» he said in an interview with Bloomberg TV on Tuesday.
The world is already falling behind on its climate change goals and the re-election of Trump to the White House has raised fears that targets will move further out of reach. On the campaign trail, Trump vowed to undo many of the nation's expansive climate policies and retreat from international diplomacy on the issue.
But Trump's actions are more important than his words, Banga said. «Let's start thinking about what he does as compared to what we all think he will do,» he said. «That speculation isn't going to get us anywhere.» Meanwhile, the WB is on track in meeting its own targets, said Banga. At COP28 last year the bank committed 45% of its financing for climate purposes by 2025, up from a previous goal of 35%. Bloomberg
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