Berliner Boersenzeitung - White House rebukes World Bank chief in climate row

EUR -
AED 4.095102
AFN 72.480008
ALL 90.801688
AMD 402.807486
ANG 1.995737
AOA 1023.635334
ARS 1721.721299
AUD 1.61933
AWG 2.007127
AZN 1.900047
BAM 1.955836
BBD 2.250342
BDT 139.162586
BGN 1.948955
BHD 0.422108
BIF 3342.96213
BMD 1.115071
BND 1.431727
BOB 13.402249
BRL 6.138357
BSD 1.117321
BTN 104.873949
BWP 15.391286
BYN 3.345962
BYR 21855.38619
BZD 2.247142
CAD 1.573644
CDF 2586.964483
CHF 0.914162
CLF 0.027822
CLP 1094.980351
CNY 7.444774
CNH 7.438418
COP 3608.76707
CRC 506.709417
CUC 1.115071
CUP 26.815498
CVE 110.267049
CZK 24.346956
DJF 198.963698
DKK 7.480457
DOP 67.891262
DZD 151.940824
EGP 59.957114
ERN 16.726061
ETB 183.378708
FJD 2.526309
FKP 0.834974
GBP 0.834166
GEL 2.893653
GGP 0.834974
GHS 13.055243
GIP 0.834974
GMD 83.077063
GNF 9896.183924
GTQ 8.538159
GYD 234.234353
HKD 8.744429
HNL 30.029558
HRK 7.547925
HTG 146.432722
HUF 363.51345
IDR 20192.258205
ILS 3.552538
IMP 0.834974
INR 104.716854
IQD 1693.83148
IRR 2108992.359359
ISK 136.919964
JEP 0.834974
JMD 177.323296
JOD 0.790629
JPY 176.710877
KES 145.192698
KGS 97.510486
KHR 4552.084602
KMF 492.86165
KPW 1003.563608
KRW 1520.737678
KWD 0.346765
KYD 0.931217
KZT 500.809308
LAK 25136.46717
LBP 100053.859534
LKR 371.556906
LRD 189.94353
LSL 18.477643
LTL 3.292514
LVL 0.674496
LYD 7.150133
MAD 10.921803
MDL 19.971371
MGA 5077.094359
MKD 61.556144
MMK 2341.587311
MNT 4015.514918
MOP 9.019368
MRU 45.108838
MUR 52.442198
MVR 17.176258
MWK 1937.436008
MXN 20.766565
MYR 4.528864
MZN 71.257178
NAD 18.477643
NGN 1502.23485
NIO 41.120764
NOK 10.548462
NPR 167.798119
NZD 2.015128
OMR 0.428348
PAB 1.117421
PEN 3.848972
PGK 5.092095
PHP 70.369926
PKR 309.016043
PLN 4.399568
PYG 6984.129802
QAR 4.084276
RON 5.343646
RSD 117.622186
RUB 91.352798
RWF 1649.13065
SAR 4.188587
SBD 8.974739
SCR 15.358485
SDG 670.719139
SEK 11.033072
SGD 1.430306
SHP 0.835103
SLE 25.591287
SLL 23382.48045
SOS 638.511867
SRD 41.908265
STD 23079.712667
STN 24.500455
SVC 9.776182
SYP 14498.149201
SZL 18.471343
THB 37.411034
TJS 10.307092
TMT 3.902748
TND 3.343362
TOP 2.684822
TRY 55.9111
TTD 7.577141
TWD 36.546782
TZS 2952.454872
UAH 50.616941
UGX 4570.084937
USD 1.115071
UYU 44.950835
UZS 13332.247784
VES 999.456181
VND 28526.296796
VUV 132.393741
WST 3.108622
XAF 655.957
XAG 0.021465
XAU 0.000274244363
XCD 3.013535
XCG 2.013637
XDR 0.788413
XOF 655.957
XPF 119.331742
YER 263.853652
ZAR 18.420333
ZMK 10036.978597
ZMW 22.703422
ZWL 359.052318
SSP 6406.340367
MXV 2.33632
  • CMSD

    -0.1200

    19.81

    -0.61%

  • JRI

    0.0000

    10.77

    0%

  • BCC

    -1.8200

    74.15

    -2.45%

  • CMSC

    -0.2228

    19.53

    -1.14%

  • BCE

    0.2000

    20.34

    +0.98%

  • RIO

    0.0100

    94.17

    +0.01%

  • AZN

    -2.7400

    161.47

    -1.7%

  • GSK

    -1.1800

    48.17

    -2.45%

  • RBGPF

    0.0000

    65

    0%

  • NGG

    0.8800

    75.82

    +1.16%

  • RYCEF

    -0.7300

    19.08

    -3.83%

  • BTI

    -0.4500

    54.4

    -0.83%

  • BP

    0.4700

    43.99

    +1.07%

  • RELX

    -0.0600

    33.18

    -0.18%

  • VOD

    -0.1800

    16.15

    -1.11%

White House rebukes World Bank chief in climate row
White House rebukes World Bank chief in climate row / Photo: Daniel LEAL - AFP/File

White House rebukes World Bank chief in climate row

The White House on Friday rebuked the head of the World Bank David Malpass, who is battling charges of climate denial for dodging questions on the role of man-made emissions in global warming.

Text size:

Under mounting fire, Malpass has rejected suggestions he might quit over the uproar -- and has moved to clarify his position several times in recent days.

"Look, it's clear that greenhouse gas emissions from human activity are adding to, are causing climate change," he told Politico Friday, affirming that none of the bank's member countries had asked him to leave and that he was "not resigning."

"The task for us, for the world, is to pull together the projects and the funding that actually has an impact," he said.

Malpass is a veteran of Republican US administrations and was tapped to lead the bank in 2019 by then-president Donald Trump, who famously and repeatedly denied the science behind climate change.

Climate activists have previously called for Malpass to be removed for what they say is an inadequate approach to the climate crisis -- but the chorus grew suddenly louder after his appearance at a New York Times-organized conference this week.

Asked on stage to respond to a claim by former US vice president Al Gore that he was a climate denier, Malpass declined multiple times to say whether he believed man-made emissions were warming the planet -- responding, "I'm not a scientist."

"We condemn the words of the president," Press Secretary Karine Jean-Pierre told a White House briefing in response to the incident.

"We expect the World Bank to be a global leader" on the climate crisis response, she said, adding that the US Treasury Department "has and will continue to make that expectation clear to the World Bank leadership."

Malpass has been seeking to course-correct since the row erupted earlier this week, and in an interview with CNN on Thursday he clearly acknowledged that climate-warming emissions were "coming from manmade sources, including fossil fuels, methane, agricultural uses and industrial uses."

"I'm not a denier," he told the network, saying his message had been "tangled" and he was "not always good at conveying" what he means.

But the uproar shows little sign of dying down, with the Union of Concerned Scientists the latest group to call for him to be "replaced immediately."

Pressed on whether President Joe Biden still has confidence in Malpass and media reports that some US officials are seeking his removal, Jean-Pierre said: "Removing him requires a majority of shareholders, so that's something to keep in mind."

"The US believes the World Bank must be a full partner in delivering on the aggressive climate agenda, poverty reduction and sustainability development. Again, Treasury will hold Malpass accountable to this position and support the many staff working to fight climate change."

- 'I am worried' -

Malpass's initial nomination faced intense criticism but since taking the role he has been a staunch supporter of aid and debt relief for the poorest nations, in addition to consistently noting the dangers from climate change.

In a speech in June where he warned about the overlapping crises facing the global community amid soaring inflation and debt distress, he emphasized the need to "effectively address climate change."

"It requires massive investments in cleaner energy, energy efficiency, and electricity grids and transmission. Gas flaring, methane leakage, and the operation of antiquated coal-fired power plants, with severe health and environmental impacts, continue with little abatement," he said.

Even so, critics of the lending institution have grown increasingly loud.

"I am worried right now about the World Bank," the Nobel Prize-winning economist Joseph Stiglitz told AFP earlier this week.

"Unfortunately the World Bank has not taken the kind of global leadership that the world needs right now" on climate and other critical issues, said Stiglitz, himself a former chief economist of the institution.

The head of the World Bank is traditionally an American, while the leader of the other big international lender in Washington, the IMF, tends to be European.

Malpass is not the first leader of one of those institutions to come under fire for personal or professional behavior.

His predecessor Jim Yong Kim faced controversy over reforms and management of the Bank and then left early to join the private sector, while current IMF chief Kristalina Georgieva fell into hot water over changes made to data in a now discontinued World Bank report that painted China in a more positive light.

(O.Joost--BBZ)