Multilateral development banks have emerged as major financiers of green hydrogen production in emerging markets and developing countries. However, a new study published in The Journal of Environment & Development finds that their approach to managing environmental and social risks often falls short. Despite the existence of sustainability frameworks, the research shows that critical risks—such as biodiversity loss, water scarcity, and community displacement—are inadequately addressed, calling into question the sector's ability to deliver on its climate and development promises.