World Bank Closes the Door on Coal Financing

Posted by TckTckTck: Emily Saari on June 28th, 2013
TckTckTck: From the leaked World Bank report: [The World Bank] will cease providing financial support for greenfield [new] coal power generation projects, except in rare circumstances where there are no feasible alternatives available to meet basic energy needs and other sources of financing are absent. As a powerful funder of global energy projects--the Bank spent $8.2 billion on energy projects in the 2012 fiscal year--this decision is pivotal for shifting global investments away from coal, one of the......

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