IPS: Bush, World-Bank Pushing Bogus 'Clean Energy' Funds

[marmar]

CLIMATE CHANGE: Greens, Lawmakers Assail World Bank Funds
By Abid Aslam

WASHINGTON, Jun 6 (IPS) - "Climate Investment Funds" to be run by the World Bank and backed by the George W. Bush administration are drawing fire from lawmakers and environmentalists who say the initiatives will accomplish little against global warming.

Critics question whether the funds -- including a planned 10-billion-dollar Clean Technology Fund -- set out a clear way to reduce pollution, whether they provide the right type of financing for poorer countries, and whether the World Bank is the right choice to run them.

"The Clean Technology Fund has no definition of clean technology," said Kenny Bruno, international programme director at the lobby group Oil Change International.

Bruno's is one of 121 organisations from 40 countries that on Thursday delivered a joint petition asking developing countries to reject the funds at talks this week in Bonn, the German capital.

In their view, the technology fund leaves open loopholes through which environmentally questionable energy initiatives could be financed.

"What they are really proposing is a slightly less dirty technology fund which will include financing of coal plants that are somewhat less polluting than the dirtiest plants out there," Bruno said.

Of particular concern to green groups is the prospect that the fund could be used to promote so-called clean coal power plants. .......(more)

The complete piece is at: http://ipsnews.net/news.asp?idnews=42687

[DCKit]

1. This one's so easy to disect it almost fell apart as I read it.

This has got to be the nakedest scam the * WH has tried to pull yet. No matter how you look at this, the same people who are profiting off the illegal invasion of Iraq will also get rich off this one. Hell, this might even be *'s - or Darth's - retirement fund.

Suffice to say, it's linked to the Republicons, and the WH in particular, as well as the World Bank. THEN they had the nerve to go and call it the "Climate Investment Fund" and call it green.

This crew is really getting desperate.