taggit Summary
WASHINGTON — At a panel discussion this past week, David Malpass, the World Bank president, described climate change as an “immense” issue for the globe and talked about the need for nations to transition away from coal.“A lot of countries have coal miners that are dependent on coal, and yet the world knows that there needs to be a way to a better future on that,” Mr. Malpass said during a conversation with Treasury Secretary Janet L. Yellen and Kristalina Georgieva, the head of the International Monetary Fund, at the annual spring meetings of the I.M.F. These days, with the Biden administration seeing climate change as an existential threat, Mr. Malpass has refashioned himself as an environmentalist, giving speeches about “green growth” and a net-zero carbon future. The transformation reflects the changing political winds in Washington — one that could have important consequences if the World Bank can resume its central role in the fight against climate change, which stalled during the Trump years.