Development banks fund high-risk mineral projects, report warns

Development banks are financing mineral projects with high social risk, according to a report by the International Accountability Project. This activity delays the clean energy transition and heighten

Development banks are financing mineral projects with high social risk, according to a report by the International Accountability Project. This activity delays the clean energy transition and heightens social instability.

This friction in the energy transition creates barriers to secure, affordable energy for communities. When development banks support projects that risk conflict or displacement, the path to universal energy access becomes longer and more unstable. The report identifies this as a critical obstacle to the clean energy transition that could otherwise free energy for all.

The source material is limited to this report's findings; full context remains with the original research.

Source: Mongabay