US Asks World Bank To Stop Funding Coal-Fired Power Plants In Developing Countries

In an attempt to step up pressure on the developing countries to take up ambitious emissions reductions and forcing them to move to renewable energy sources for power generation, a high ranking US official has written to the World Bank recommending it to stop financing coal-fired plants in the developing countries. In a letter written to the World Bank, the United States Executive Director at the World Bank Group, Whitney Debevoise said that multilateral development banks like the World Bank have the responsibility of building a financing framework that ensures mitigation of greenhouse gas emissions and strengthens the developing countries economies against climate change. Read more of this story »

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US Asks World Bank To Stop Funding Coal-Fired Power Plants In Developing Countries