Prime Minister Mark Carney’s government has committed $180 million in taxpayer money to a World Bank climate initiative aimed at accelerating the global transition away from fossil fuels to clean energy and addressing “gender equality gaps” in Small Island Developing States (SIDS).
According to the federal government’s grants and contributions website, the funding was provided to the World Bank through the “World Bank Clean Energy and SIDS Resilience Facility (CESR).”
The agreement — which was dated March 13, 2026, and ended on March 31 — lists a contribution value of $180,000,000 and identifies the recipient as “IBRD Trust Funds — World Bank.”
The contribution falls under Global Affairs Canada’s International Development Assistance program, which has the stated purpose of “reducing poverty for those living in countries where [the organization] engages in international development.”
One of the grant’s primary objectives is to “accelerate the shift away from fossil fuels” through financing renewable energy infrastructure, energy efficiency projects, and grid modernization in middle-income and low-income countries.
The program also aims at supporting “efforts to address gender equality gaps in the energy and blue economy sectors.”
Global Affairs states the CESR facility will support projects under four primary areas: technical assistance and regulatory reforms, energy transition initiatives, increased renewable energy development in SIDS, and “climate resilience” projects based in coastal and marine ecosystems.
Examples of SIDS include countries in the Caribbean, Pacific, Atlantic, Indian Ocean, such as Barbados, Jamaica, Fiji, Maldives, and Samoa, among others.
The expected outcomes from the project include increased renewable energy deployment in countries with high levels of coal-generated electricity, reduced fossil fuel dependency, improved “gender equality” in renewable energy sectors, and expanded “gender-responsive management” of ecosystems and climate adaptation programs.
The federal website does not provide any in-depth details about which countries ultimately received funding or how projects were selected.
Oh, I think I know.
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