Cash controversy.

A proposal from the Biden administration to put the World Bank in charge of a fund that would pay poorer countries suffering irreversible climate damage is threatening to rattle UN climate talks.

A key quote stands out for me in this scoopy analysis from POLITICO from a World Bank official who said that the bank is “the only one you can play with ... without new cash.” That's the worry.

Anca Gurzu

Chief Europe Correspondent