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More Long-Term Pressure on Oil Prices

January 18, 2012 by Geoffrey Styles
with 313 views
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A pair of items in today's Financial Times could signal a longer run of high oil prices, even if Europe were to slip into recession and economic growth elsewhere slow. Geoffrey Styles explains how the combination of Saudi Arabia's increase of its target oil price and Venezuela's volatile leader will affect long run oil prices. [read more]

Exports A Big Opportunity for U.S. Advanced Battery Manufacturers

August 26, 2011 by James Greenberger
with 737 views
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The U.S. government is waking up to this possibly good news story. At the 2011 NAATBatt Annual Meeting and Conference on September 7-8, 2011 in Louisville, representatives of the U.S. Department of Commerce, The Export-Import Bank of the United States and the International Finance Corporation (a division of the World Bank) will talk about programs and incentives which can help U.S. battery manufacturers take advantage of growing foreign markets for their products. In addition, Terry Copeland, CEO of Altairnano Technologies, and Chris Cowger, CEO of Ener1 will talk about how they see opportunities for advanced energy storage in the export market. Both Altairnano and Ener1 have recently focused on that market with some success. [read more]

World Bank Attacked For Encouraging Climate Change

June 30, 2011 by David Thorpe
with 384 views
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The UK must stop funding World Bank aid until the Bank stops financing unabated coal power stations in developing countries, says the Environment Audit Committee in a new report on the impact of UK overseas aid on environmental protection and climate change adaptation and mitigation.Chair of the Environmental Audit Committee, Joan Walley... [read more]

Carbon Market In A Slump As Climate Talks Continue In Bonn

June 10, 2011 by David Thorpe
with 199 views
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As world environment ministers and representatives meet in Bonn for climate talks this week, investors in the carbon market are hoping, probably in vain, for some kind of certainty as to what will happen after 2012.After five consecutive years of robust growth, the total value of the global carbon market has stalled at $142 billion due... [read more]

Climate Agreement in Cancun: Important Progress, but Difficult Questions Remain Unanswered

December 14, 2010 by Andrew Holland
with 610 views
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In the early hours of Saturday morning in the Mexican tropical resort of Cancun, international climate negotiators from the 193 countries and observer states came to agreement on what will now be know as the 'Cancun Agreements'.  After the very public perceived failure of the Copenhagen summit last year in... [read more]

Joelle Westlund - Climate talks end in disappointment

December 12, 2010 by Climatico Analysis
with 641 views
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As the COP16 comes to a final close, developing countries have yet to see extended commitments towards the Kyoto Protocol.Japan has reiterated its position on the future of Kyoto, arguing that China, India and the United States must fulfill their obligations to emission reductions through the signing of a new treaty. In stark contrast,... [read more]

Doc alert: World Bank - Asian coastal megacities and climate change

October 27, 2010 by Lou Grinzo
with 731 views
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Climate Risks and Adaptation in Asian Coastal Megacities: Key Findings Frequency of extreme events likely to increase. All three coastal megacities[1] are likely to witness increases in temperature and precipitation linked with climate change and variability. Increase in flood-prone area due to climate change in all three cities. In all... [read more]

Desertec in Morocco

April 14, 2010 by Jonathan Smith
with 387 views
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This blog had relayed a World Bank announcement before. The World Bank’s Clean Technology Fund alloted 750 million dollars for solar thermal projects in five countries: Algeria, Egypt, Jordan, Morocco, and Tunisia. Alternative Energy tells us more about Desertec. These 13 energy and technology companies have formed a coalition to build... [read more]

World Bank nixes nuclear energy

April 11, 2010 by Dan Yurman
with 4,368 views
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South Africa gets loan for massive new coal plant The World Bank is getting roasted by significant political heat over its decision to grant a $3.75 billion loan to South Africa to build a 4,800 MW coal-fired power plant. Missing from dramatic protests about the climate impacts from the Medupi coal plant is the answer to the question of... [read more]

World Bank Needs to do Better on Energy Sector Investments Post South African Coal Project

April 8, 2010 by nrdc switchboard
with 413 views
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Today the World Bank approved a loan to build the fourth largest power plant in the world.  The project is to be financed with a $3 billion loan to Eskom – the South African electricity company – and is the largest coal-plant loan in the Bank history.  The 4,800-megawatt Medupi power plant would emit 25 million tons of carbon... [read more]

U.S. abstains on vote to proliferate coal in South Africa

April 8, 2010 by Joseph Romm
with 171 views
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Today the United States abstained on a World Bank vote to approve a $3.75 billion loan for South African utility Eskom to build a 4800 megawatt coal plant. Ultimately, the loan was approved. But the U.S. vote sends a clear signal that the U.S. government is not willing to accept business as usual – continuing a trajectory of unabated... [read more]

Will they do it? The World Bank is divided on providing loans for dirty fuel

April 7, 2010 by skyler hype
with 243 views
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Today the World Bank (WB) will make a decision on whether or not to provide $3.7 billion worth of loans to South African – based power utility Eskom, the world’s fourth largest power company and Africa’s largest carbon emitter (with 40% of South Africa’s total emissions).  Spotty electricity supply which have caused billions of... [read more]

Stop World Bank from Financing Mega-Coal Plant

April 4, 2010 by Matt Dernoga
with 97 views
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The follow is a cross-post from Nick Engelfried at at Itsgettinghotinhere, the primary blog for the youth climate movement.  I think it’s very important people know about this pending loan, and contact Tim Geithner to stop it. As an activist in the US working to phase out coal plants, it’s distressing to me to think that so much of... [read more]

World Bank invests in MENA Solar

December 10, 2009 by Jonathan Smith
with 187 views
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There have been a number of alternative energy announcements coincident with COP15. A Treehugger from Ottawa, Canada Michael Richard Graham reports on announcement from the World Bank. Photo: Sandia National Laboratory, Public domain MENA (the Middle East and North Africa) is one of the principle regions around the globe that benefits... [read more]

African countries to receive over $1 billion in climate finance

November 6, 2009 by Climatico Analysis
with 108 views
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The announcement, made by the World Bank on the sidelines of the UN climate meeting taking place in Barcelona, will bring music to the ears of the millions of Africans suffering from climatic changes.  The decision made by the trustees of the Climate Investment Funds (CIF), will commit $1.1 billion dollars to six African nations.... [read more]