World Bank Favors Coal Energy
by Deb Powers
Bringing electricity to the world's poor is a worthy goal, but there's a better way to achieve it: Renewables, energy efficiency and grid modernization."
Mindy S. Lubber, President
Ceres
According to a report by Bruce Rich, formerly of the Environmental Defense Fund, the World Bank continues to finance coal-fired power plants over renewable energy plants in India, China and the Third World. A change in the lending priorities at the World Bank could make a huge difference in renewable energy production.
Read More: Scitizen.com: The World Bank's Coal Problem
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