86: Kyle Ash Explains Challenges and Progress in Climate Finance

Matt Matern interviews Kyle Ash from the Bank Information Center (BIC). Ash discusses BIC’s efforts to promote transparency in development finance, particularly with the World Bank. They monitor around 30-40 projects globally, pushing for environmental and social protections.  Despite some policy progress, Ash criticizes the World Bank’s slow move towards climate-friendly financing and ongoing indirect fossil fuel support. He advocates for direct air capture (DAC) and emphasizes sustainable, accountable development models.