world bank

Will a Dirty Coal Plant in Kosovo Spoil the Clean Energy Record of Dr. Kim and World Bank?

October 16, 2014 by Justin Guay

Kosovo and Coal Plants

For the fourth year in a row, the World Bank's investments are coal-free. But the real test of the strength of this commitment to carbon divestment will come when the bank decides whether or not to fund the Kosovo C coal-fired power plant in Kosovo.[read more]

New Ads Reveal Coal Isn't Cheap in Kosovo

May 10, 2014 by Justin Guay

Kosovo Coal Costs

825 is the number of Kosovars the World Bank estimates die every year due to pollution from coal-fired power plants. But instead of helping Kosovo transition to clean energy, and despite its own estimates of coal's deadly cost, the World Bank and the U.S. Government are pushing for a new coal plant.[read more]

Dear World Bank: Stop Funding Climate Change

April 6, 2013 by Jake Schmidt

The World Bank cannot meaningfully address climate change unless its lending practices, and core energy portfolio, do not further exacerbate the climate crisis and its impact on vulnerable communities.[read more]

More Long-Term Pressure on Oil Prices

January 18, 2012 by Geoffrey Styles

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

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

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

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 15, 2010 by Andrew Holland

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 13, 2010 by Climatico Analysis

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

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

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

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

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

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

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]