Tag: World Bank

On the Contrary World Bank President Dr. Kim, Renewable Energy is the future

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 during the U.S.-Africa Leaders Summit. Dr. Kim disparaged clean energy as incapable of powering development and even worse, suggested coal needed to remain on the table for the World Bank to be "taken seriously."

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The World Bank’s New Environmental and Social Policies Fail to Tackle Climate Change

Over the last two years, the Bank has been reviewing its environmental and social safeguard policies. The review process presents an important opportunity for the Bank to adopt best practices for promoting low-carbon and resilient development by establishing strong policy language on climate change. Nonetheless, a draft of proposed new policies does not address climate issues systematically.

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