{"id":348337,"date":"2024-10-22T09:09:05","date_gmt":"2024-10-22T07:09:05","guid":{"rendered":"https:\/\/climatescience.press\/?p=348337"},"modified":"2024-10-22T09:09:08","modified_gmt":"2024-10-22T07:09:08","slug":"gaps-and-inconsistencies-up-to-41-billion-in-world-bank-climate-handouts-unaccounted-for-new-report-finds","status":"publish","type":"post","link":"https:\/\/climatescience.press\/?p=348337","title":{"rendered":"\u2018Gaps And Inconsistencies\u2019: Up To $41 Billion In World Bank Climate Handouts Unaccounted For, New Report Finds"},"content":{"rendered":"\n
\"\"
World Bank on glass building. Mirrored sky and city modern facade. Global capital, business, finance, economy, banking and money concept 3D rendering illustration.<\/figcaption><\/figure>\n\n\n\n

<\/p>\n\n\n\n

From Watts Up With That?<\/a><\/p>\n\n\n\n

The Daily Caller<\/a><\/p>\n\n\n

\n
\"\"<\/figure>\n<\/div>\n\n\n

Owen Klinsky<\/a>
<\/strong>Contributor<\/p>\n\n\n\n

Up to $41 billion of the funds distributed to climate causes by the World Bank between 2017 and 2023 are unaccounted for due to poor accounting standards, according to an audit from Oxfam International published Thursday.<\/p>\n\n\n\n

The enormous sum represents almost 40% of the climate funds the Bank disbursed during the seven year time period, with World Bank<\/a> data failing to show the recipients and uses of the money, the Oxfam investigation found<\/a>. (RELATED: Biden\u2019s World Bank Head Promises To Spend \u2018As Much As We Possibly Can\u2019 On Climate Change)<\/a><\/strong><\/p>\n\n\n\n

\u201cThe Bank is quick to brag about its climate finance billions \u2014 but these numbers are based on what it plans to spend, not on what it actually spends once a project gets rolling,\u201d Kate Donald, head of Oxfam International\u2019s Washington D.C. Office, said in the release. \u201cThis is like asking your doctor to assess your diet only by looking at your grocery list, without ever checking what actually ends up in your fridge.\u201d<\/a><\/p>\n\n\n\n

CARDIFF, WALES \u2013 JULY 11: A close-up of an Oxfam store sign on July 11, 2023 in Cardiff, Wales. (Photo by Matthew Horwood\/Getty Images)<\/p>\n\n\n\n

The auditors were unable to determine whether the climate cash was spent \u201con climate-related initiatives<\/a> intended to help low- and middle-income countries protect people from the impacts of the climate crisis and invest in clean energy,\u201d according to Oxfam.<\/p>\n\n\n\n

The World Bank is the largest provider of environmental funding of all multi-national financial institutions, Oxfam reported, and plans to allocate<\/a> 45% of its annual financing<\/a> to green initiatives between July 1, 2024, and June 20, 2025. The U.S. is the largest shareholder in the Bank, holding<\/a> over 15% of its voting shares as of May 31.<\/p>\n\n\n\n

\u201cClimate finance is scarce, and yes, we know it\u2019s hard to deliver. But not tracking how or where the money actually gets spent? That\u2019s not just some bureaucratic oversight \u2014 it\u2019s a fundamental breach of trust that risks derailing the progress we need to make at COP this year,\u201d  Donald said in the release.<\/p>\n\n\n\n

The World Bank\u2019s poor record-keeping practices made performing the audit \u201cpainstaking and difficult,\u201d Oxfam reported.<\/p>\n\n\n\n

\u201cWe had to sift through layers of complex and incomplete reports, and even then, the data was full of gaps and inconsistencies,\u201d Donald said in the release. \u201cThe fact that this information is so hard to access and understand is alarming \u2014it shouldn\u2019t take a team of professional researchers to figure out how billions of dollars meant for climate action are being spent. This should be transparent and accessible to everyone, most importantly communities who are meant to benefit from climate finance.\u201d<\/p>\n\n\n\n

Oxfam and the World Bank did not immediately respond to requests for comment.<\/p>\n\n\n\n

All content created by the Daily Caller News Foundation, an independent and nonpartisan newswire service, is available without charge to any legitimate news publisher that can provide a large audience. All republished articles must include our logo, our reporter\u2019s byline and their DCNF affiliation. For any questions about our guidelines or partnering with us, please<\/em><\/p>\n\n\n\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

Up to $41 billion of the funds distributed to climate causes by the World Bank between 2017 and 2023 are unaccounted for due to poor accounting standards, according to an audit from Oxfam International published Thursday.<\/p>\n","protected":false},"author":121246920,"featured_media":348343,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_coblocks_attr":"","_coblocks_dimensions":"","_coblocks_responsive_height":"","_coblocks_accordion_ie_support":"","_crdt_document":"","advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[1],"tags":[691831055,691830686,691831056,691831054],"class_list":{"0":"post-348337","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","6":"hentry","7":"category-uncategorized","8":"tag-climate-funds","9":"tag-green-climate-fund-gcf","10":"tag-oxfam-international","11":"tag-the-world-bank","13":"fallback-thumbnail"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/10\/0World-Bank_0.jpeg?fit=1400%2C784&ssl=1","jetpack_likes_enabled":true,"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/paxLW1-1sCl","jetpack-related-posts":[{"id":349005,"url":"https:\/\/climatescience.press\/?p=349005","url_meta":{"origin":348337,"position":0},"title":"Just like that: World Bank bureaucrats lost track of $24 to $41 billion \u201cfighting climate change\u201d","author":"uwe.roland.gross","date":"10\/26\/2024","format":false,"excerpt":"The World Bank is the largest climate funding multinational blob on Earth, and the world is about to end, the oceans are about to boil, but no one at the World Bank can explain where billions of dollars worth of the Earth saving funds have ended up. It\u2019s almost as\u2026","rel":"","context":"In \"Climate change\"","block_context":{"text":"Climate change","link":"https:\/\/climatescience.press\/?tag=climate-change"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/10\/00a7b3d9ca1af9ffcd87fd54fe3642b9b.jpg?fit=1200%2C779&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/10\/00a7b3d9ca1af9ffcd87fd54fe3642b9b.jpg?fit=1200%2C779&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/10\/00a7b3d9ca1af9ffcd87fd54fe3642b9b.jpg?fit=1200%2C779&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/10\/00a7b3d9ca1af9ffcd87fd54fe3642b9b.jpg?fit=1200%2C779&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/10\/00a7b3d9ca1af9ffcd87fd54fe3642b9b.jpg?fit=1200%2C779&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":360960,"url":"https:\/\/climatescience.press\/?p=360960","url_meta":{"origin":348337,"position":1},"title":"The Climate Agenda\u2019s March Through the Institutions: Can It Be Stopped?","author":"uwe.roland.gross","date":"01\/08\/2025","format":false,"excerpt":"A spate of stories in the media recently provides a remarkable illustration of how the globalist policy agenda of the\u00a0climate industrial complex\u00a0has captured key international institutions and perverted their original organizational aims. From initially serving broad, laudable objectives for the welfare of their constituents, these institutions have been subverted over\u2026","rel":"","context":"In \"Climate Finance\"","block_context":{"text":"Climate Finance","link":"https:\/\/climatescience.press\/?tag=climate-finance"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/01\/00parisagreement_cover01-1.jpg?fit=1200%2C444&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/01\/00parisagreement_cover01-1.jpg?fit=1200%2C444&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/01\/00parisagreement_cover01-1.jpg?fit=1200%2C444&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/01\/00parisagreement_cover01-1.jpg?fit=1200%2C444&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/01\/00parisagreement_cover01-1.jpg?fit=1200%2C444&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":361866,"url":"https:\/\/climatescience.press\/?p=361866","url_meta":{"origin":348337,"position":2},"title":"World Institutions Pushing\u00a0Pseudoscience","author":"uwe.roland.gross","date":"01\/13\/2025","format":false,"excerpt":"A spate of stories in the media recently provides a remarkable illustration of how the\u00a0globalist policy agenda of the climate-industrial complex has captured key international institutions\u00a0and\u00a0perverted\u00a0their original\u00a0organizational aims. From initially serving broad, laudable objectives for the welfare of their constituents, these institutions have been subverted over the years\u00a0to serve the\u2026","rel":"","context":"In \"carbon dioxide (CO\u2082)\"","block_context":{"text":"carbon dioxide (CO\u2082)","link":"https:\/\/climatescience.press\/?tag=carbon-dioxide-co%e2%82%82"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/01\/020211004_shutterstock_1327041497.webp?fit=1200%2C630&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/01\/020211004_shutterstock_1327041497.webp?fit=1200%2C630&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/01\/020211004_shutterstock_1327041497.webp?fit=1200%2C630&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/01\/020211004_shutterstock_1327041497.webp?fit=1200%2C630&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/01\/020211004_shutterstock_1327041497.webp?fit=1200%2C630&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":414729,"url":"https:\/\/climatescience.press\/?p=414729","url_meta":{"origin":348337,"position":3},"title":"How Wasteful is Green Energy? Count the\u00a0Ways","author":"uwe.roland.gross","date":"11\/26\/2025","format":false,"excerpt":"\u201cOxfam finds that for World Bank projects; many things can change during implementation. On average,\u00a0actual expenditures on the Bank\u2019s projects differ from budgeted amounts by 26\u201343%\u00a0above or below the claimed climate finance. Across the entire climate finance portfolio,\u00a0between 2017 and 2023, this difference amounts to US$24.28\u2013US$41.32 billion,\u201d the report states.","rel":"","context":"In \"\u201cCleanTech\u201d projects\"","block_context":{"text":"\u201cCleanTech\u201d projects","link":"https:\/\/climatescience.press\/?tag=cleantech-projects"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/11\/AQNDCiQA57RPyuRLBXAurpuYp88WHEFYdDzepIhC-TGGShDh6HGjNNIn_YQPdJRoC-5h-ez0NRLr2Ue617RUFUZf37n84H7HhmDNprfzwet80INc3N48GIW4vG_cXkPXkoSPQNHmQkbYFAuTaYSIjVfL_OPkPQ.jpeg?fit=1200%2C1200&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/11\/AQNDCiQA57RPyuRLBXAurpuYp88WHEFYdDzepIhC-TGGShDh6HGjNNIn_YQPdJRoC-5h-ez0NRLr2Ue617RUFUZf37n84H7HhmDNprfzwet80INc3N48GIW4vG_cXkPXkoSPQNHmQkbYFAuTaYSIjVfL_OPkPQ.jpeg?fit=1200%2C1200&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/11\/AQNDCiQA57RPyuRLBXAurpuYp88WHEFYdDzepIhC-TGGShDh6HGjNNIn_YQPdJRoC-5h-ez0NRLr2Ue617RUFUZf37n84H7HhmDNprfzwet80INc3N48GIW4vG_cXkPXkoSPQNHmQkbYFAuTaYSIjVfL_OPkPQ.jpeg?fit=1200%2C1200&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/11\/AQNDCiQA57RPyuRLBXAurpuYp88WHEFYdDzepIhC-TGGShDh6HGjNNIn_YQPdJRoC-5h-ez0NRLr2Ue617RUFUZf37n84H7HhmDNprfzwet80INc3N48GIW4vG_cXkPXkoSPQNHmQkbYFAuTaYSIjVfL_OPkPQ.jpeg?fit=1200%2C1200&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/11\/AQNDCiQA57RPyuRLBXAurpuYp88WHEFYdDzepIhC-TGGShDh6HGjNNIn_YQPdJRoC-5h-ez0NRLr2Ue617RUFUZf37n84H7HhmDNprfzwet80INc3N48GIW4vG_cXkPXkoSPQNHmQkbYFAuTaYSIjVfL_OPkPQ.jpeg?fit=1200%2C1200&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":399516,"url":"https:\/\/climatescience.press\/?p=399516","url_meta":{"origin":348337,"position":4},"title":"Noble Climate Cause Corruption: PIK\u00a0exemplar","author":"uwe.roland.gross","date":"09\/02\/2025","format":false,"excerpt":"Critics of climate policy have long pointed to the\u00a0problematic dominance of politics in climate science.\u00a0A recent study from the\u00a0Potsdam Institute for Climate Impact Research\u00a0(PIK),\u00a0which\u00a0systematically exaggerated the economic consequences of climate change, has reignited the debate over scientific standards and political manipulation in the field.","rel":"","context":"In \"\u201cNetwork for Greening the Financial System\u201d\u00a0(NGFS)\"","block_context":{"text":"\u201cNetwork for Greening the Financial System\u201d\u00a0(NGFS)","link":"https:\/\/climatescience.press\/?tag=network-for-greening-the-financial-system-ngfs-2"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/09\/AQMn853GbdjAJDnwtuuoEcAFo9mHR8OIMBesMxDVGe0MTcoY1uwfNItC3tsY_IOE6cqqEavwKYokwJPq0B4MnV7QcFolJDpFOqg0modj0jXX6cvRYjluRf6zxkH4B1t61xfaWpdeay9l1MirldCBio9dyUx_vg.jpeg?fit=1200%2C1200&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/09\/AQMn853GbdjAJDnwtuuoEcAFo9mHR8OIMBesMxDVGe0MTcoY1uwfNItC3tsY_IOE6cqqEavwKYokwJPq0B4MnV7QcFolJDpFOqg0modj0jXX6cvRYjluRf6zxkH4B1t61xfaWpdeay9l1MirldCBio9dyUx_vg.jpeg?fit=1200%2C1200&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/09\/AQMn853GbdjAJDnwtuuoEcAFo9mHR8OIMBesMxDVGe0MTcoY1uwfNItC3tsY_IOE6cqqEavwKYokwJPq0B4MnV7QcFolJDpFOqg0modj0jXX6cvRYjluRf6zxkH4B1t61xfaWpdeay9l1MirldCBio9dyUx_vg.jpeg?fit=1200%2C1200&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/09\/AQMn853GbdjAJDnwtuuoEcAFo9mHR8OIMBesMxDVGe0MTcoY1uwfNItC3tsY_IOE6cqqEavwKYokwJPq0B4MnV7QcFolJDpFOqg0modj0jXX6cvRYjluRf6zxkH4B1t61xfaWpdeay9l1MirldCBio9dyUx_vg.jpeg?fit=1200%2C1200&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/09\/AQMn853GbdjAJDnwtuuoEcAFo9mHR8OIMBesMxDVGe0MTcoY1uwfNItC3tsY_IOE6cqqEavwKYokwJPq0B4MnV7QcFolJDpFOqg0modj0jXX6cvRYjluRf6zxkH4B1t61xfaWpdeay9l1MirldCBio9dyUx_vg.jpeg?fit=1200%2C1200&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":369081,"url":"https:\/\/climatescience.press\/?p=369081","url_meta":{"origin":348337,"position":5},"title":"The Climate United Fund Outrage: $7 Billion in Taxpayer Money Squandered in a Sham of Transparency and Accountability","author":"uwe.roland.gross","date":"03\/08\/2025","format":false,"excerpt":"It\u2019s an absolute disgrace: the\u00a0Climate United Fund, a shady nonprofit slapped together in November 2022, somehow wangled a jaw-dropping $7 billion grant from the Biden administration\u2019s climate slush fund in April 2024\u2014the largest nonprofit grant in U.S. history. This money, ripped from taxpayers\u2019 pockets, was supposed to fuel clean energy\u2026","rel":"","context":"In \"Climate United Fund\"","block_context":{"text":"Climate United Fund","link":"https:\/\/climatescience.press\/?tag=climate-united-fund"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/03\/00Screenshot-2025-03-08-110417.png?fit=1200%2C673&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/03\/00Screenshot-2025-03-08-110417.png?fit=1200%2C673&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/03\/00Screenshot-2025-03-08-110417.png?fit=1200%2C673&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/03\/00Screenshot-2025-03-08-110417.png?fit=1200%2C673&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/03\/00Screenshot-2025-03-08-110417.png?fit=1200%2C673&ssl=1&resize=1050%2C600 3x"},"classes":[]}],"_links":{"self":[{"href":"https:\/\/climatescience.press\/index.php?rest_route=\/wp\/v2\/posts\/348337","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/climatescience.press\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/climatescience.press\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/climatescience.press\/index.php?rest_route=\/wp\/v2\/users\/121246920"}],"replies":[{"embeddable":true,"href":"https:\/\/climatescience.press\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=348337"}],"version-history":[{"count":4,"href":"https:\/\/climatescience.press\/index.php?rest_route=\/wp\/v2\/posts\/348337\/revisions"}],"predecessor-version":[{"id":348345,"href":"https:\/\/climatescience.press\/index.php?rest_route=\/wp\/v2\/posts\/348337\/revisions\/348345"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/climatescience.press\/index.php?rest_route=\/wp\/v2\/media\/348343"}],"wp:attachment":[{"href":"https:\/\/climatescience.press\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=348337"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/climatescience.press\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=348337"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/climatescience.press\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=348337"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}