At Davos, World Bank President Urges Support For Coal Energy Projects For Poor Nations
The World Bank should support poor countries that need coal-powered energy in spite of its contribution to climate change, its president has said. Jim Yong Kim, speaking at Davos, said the institution should not "turn its back" on poor nations that seek the cheap source of energy.
His first priority was for countries to have the energy needed to boost their economies, he said.
Mr Kim has often warned of the dangers of climate change on future growth. "My first priority is for countries to have the energy they need to lift their own people out of poverty. It's a tough negotiation," he said.
"We want to do everything we can to lower the use of coal. But we can't turn our backs when poor countries need coal," to lift their economies and provide heat for their populations. r Kim, an avid advocate against global warming, said the bank's and the world's top priorities needed to be energy pricing, ending fuel subsidies and making low-carbon cities.
Ed. - Oh, really?
EDIT
http://www.bbc.co.uk/news/business-21211783
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