Ben Webster, Environment Editor
The World Bank is spending billions of pounds subsidising new coal-fired power stations in developing countries despite claiming that burning fossil fuels exposes the poor to catastrophic climate change. The bank, which has a goal of reducing poverty and is funded by Britain and other developed countries, calls on all nations in a report today to “act differently on climate change”.
It says that the world must reduce its dependence on fossil fuels, but it is funding several giant coal-burning plants that will each emit millions of tonnes of carbon dioxide a year for the next 40 to 50 years.
Britain is contributing £400million to a World Bank fund that claims to support “clean technology” but is financing coal power plants.
The bank’s World Development Report says: “Developing countries are disproportionately affected by climate change — a crisis that is not of their making and for which they are the least prepared. Increasing access to energy and other services using high-carbon technologies will produce more greenhouse gases, hence more climate change.”
more:
http://www.timesonline.co.uk/tol/news/environment/article6836112.ece