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World Bank fossil fuel funding still exceeds renewables

April 23, 2019 by Sasha Chavkin

The World Bank is being criticised for still lending far more money to fossil fuels projects than renewables. Energy equals development, but this goes against their commitment to supporting clean energy in the developing world. The World Bank has disputed the magnitude of the difference. Their record needs to be made clear before COP25 in Santiago, Chile this December when the World Bank and other development banks must present their plans for … [Read more...]

Filed Under: Climate policy, Energy, Investment Tagged With: fossil-fuels, Mozambique, Nigeria, Paris2050, World Bank

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      Recent Posts

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      Financing Renewable Hydrogen globally: ramp up to 2030 only needs $150bn/year

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      Making Hydrogen direct from seawater using double-membrane electrolysis

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