By Jack Dini —— Bio and Archives--May 5, 2019
Global Warming-Energy-Environment | Comments | Back To Full Article
A recent examination of the World Bank Group's (WBG) active global energy portfolio concludes that the Group is not sticking to its own climate pledges and in reality is contributing to growing fossil fuel emissions. Heike Mainhard, an expert contributor to the Intergovernmental Panel on Climate Change (IPCC), assessed over 675 energy-linked operations of the WBG available on the Bank's websites. The assessment revealed that the Bank provides 3 times as much project finance to fossil fuels as it does to renewable energy. The Bank also continues to require governments to adopt investment incentives for coal and upstream oil and gas, flagrant contradictions to it original climate pledges. 1The Comment section of online publications is the new front in the ongoing Cancel Culture Battle.
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