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The World Bank

Why Is The World Bank Failing On Energy Poverty?

October 14, 2014 by Justin Guay
1

The World Bank and Energy Poverty

World Bank energy investments are categorically failing to end energy poverty. That's the stark finding of a new report released by Sierra Club and Oil Change International which measures how multilateral development banks fare on their efforts to end energy poverty.[read more]

On the Contrary World Bank President Dr. Kim, Renewable Energy Is the Future

August 11, 2014 by Justin Guay

The World Bank and Renewable Energy

In the 21st century, it's hard to take anyone seriously who thinks coal, not clean energy, is the future for dynamic, emerging economies. But that's exactly what Dr. Jim Yong Kim, president of the World Bank, did this week.[read more]

World Bank: Fighting Climate Change Would Boost Global Economy Up To $2.6 Trillion A Year

June 26, 2014 by Joseph Romm

Climate Fight Economic Benefits

 

An important new World Bank report concludes that just a few key policies aimed at cutting carbon pollution would boost the global economy. The study, “Climate-Smart Development,” looks at the European Union plus Brazil, China, India, Mexico, and the United States.[read more]

A Lesson For Dr. Kim And The World Bank As It Ponders The Kosovo Coal Project

January 28, 2014 by Justin Guay
5

Kosovo Coal and the World Bank

When Dr. Kim, President of the World Bank, and leaders of other international financial institutions ponder funding new coal power projects this year - like the one in Kosovo - there's one word that should be seared into their memories: Sostanj.[read more]

What's All This About The World Bank Not Financing Any More Nukes?

December 4, 2013 by Tina Casey
5

Nuclear and the World Bank

As the cleanup drama continues to unspool around the tsunami-damaged Fukushima nuclear power plant in Japan, the Internets have been cheering the news that the World Bank will not be financing any more such facilities in the future. That’s nice, really, except that it’s not exactly news.[read more]

New US Guidelines on Overseas Coal Project Financing: Good Aspects, Missed Chances

November 8, 2013 by NRDC Switchboard
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The U.S. released new guidelines that direct how the U.S. will vote on coal projects proposed by development banks such as the World Bank, and European Bank for Reconstruction and Development. Over the past 5 years these banks have financed $13 billion in coal projects.[read more]

Dr. Kim Sweeps World Bank Policy Violations on Tata Mundra Coal Plant Under the Rug

October 29, 2013 by Justin Guay
1

Tata Mundra Coal Plant

Just a few short months ago the World Bank got itself on the right side of history by placing severe restrictions on coal finance. That was thanks in large part to World Bank President Dr. Kim's leadership. Now the institutions past transgressions are coming back to haunt him.[read more]

Energy News: World Bank to Stop Funding Coal Projects

July 19, 2013 by Jake Schmidt
3

Coal and the World Bank

The World Bank Group has just agreed to stop funding coal projects. This is welcome news as the World Bank Group has funded almost $6 billion in coal projects over the past five years.[read more]

Feeding Earth's Billions in the 2050 Sauna (Part I)

December 21, 2011 by Barry Brook
2

During the past few years, all the world’s major science journals have had a steady stream of papers on the challenge of feeding 9 to 10 billion people on a warming planet in 2050. They have been joined by reports from bodies with varying prestige and influence like International Food Policy Research Institute (IFPRI), The World Bank and the Royal Society. CSIRO has a long history of interest in the issue and even billionaire packager Anthony Pratt is getting in on the act telling Australia that since it can produce food for 200 million people, it has a responsibility to do so.[read more]

World Bank Loans to Energy Projects--Both Clean and Dirty--Soar

November 22, 2010 by Tim Hurst

The World Bank’s lending for renewable energy and energy efficiency projects increased by 300 percent between fiscal year 2007 and fiscal year 2010, to a record $3.4 billion. But over that same period, lending to fossil fuel projects also jumped 430 percent.[read more]

Now is the Time to Shift World Bank Resources to Clean Energy

May 11, 2010 by NRDC Switchboard

The World Bank has just announced its intent to seek $86 billion for a general capital increase (the GCI) from its donor countries (see World Bank press release).  It is time for the World Bank to become a full part of the solution to global warming, not part of the problem and part of the solution at the same time.  The World...[read more]

Bill Clinton vs. The World Bank

September 27, 2007 by Joseph Romm
1

The opening plenary was fascinating (video here). Clinton explained how CGI commitments had already avoided 20,000,000 tons of greenhouse gases. Then he tried to get Robert Zoellick, head of the World Bank, to realize that the “Bank can show people options for sustainable development.”Zoellick, however, was full of little more than...[read more]