"We will explore and discuss ways to better structure our engagement on adaptation, nature and pollution," the World Bank added.
U. S.
Treasury Secretary Scott Bessent previously ordered the World Bank and the International Monetary Fund to eliminate financing targets tied to climate change.
Bessent described the previous climate financing targets as "myopic."
The United States, as the bank's largest shareholder, declined to endorse the previous climate mandates alongside Russia, Kuwait, and Saudi Arabia.
>>> Supreme Court Ruling Puts TPS for Hundreds of Thousands at Risk
European Reaction and Future Outlook
European shareholders led by France had heavily campaigned to preserve the 45 percent climate lending commitment prior to its scheduled expiration.
Nineteen of the bank's 25 shareholding countries had previously signed a joint statement supporting the climate goals.
"As shareholders, countries of these institutions, it is, of course, our responsibility to ensure that their operations remain sufficiently ambitious when it comes to climate finance," said Eleonore Caroit, French Development Minister.
Minister Caroit expressed concern over the diverging policy goals among the major global shareholders of the institution.
The policy split introduces uncertainty regarding blended finance pipelines in emerging markets.
"And this is, of course, the case where other shareholders have different views on climate, as it is the case now," Caroit added.
European nations plan to continue pressing the climate agenda ahead of the upcoming international financial meetings.
Governance discussions are scheduled to resume later this year in Southeast Asia.
French officials emphasized that global environmental commitments should not be dismantled despite shifting political support from Washington.
