World Bank introducing new fossil fuel subsidies, undermining its own climate change commitments and forest protection efforts - Bank Information Center
▻http://www.bankinformationcenter.org/world-bank-breaks-climate-pledges-by-financing-new-fossil-fue
World Bank policy loans are creating subsidies for coal, gas and oil projects and undercutting initiatives to build wind, solar and geothermal power infrastructure and protect vulnerable rainforests, including the Amazon, a new report by the Bank Information Center (BIC) and worldwide partner organizations finds. The study, which examines seven World Bank policy operations from 2007 to 2016 totaling $5 billion in four countries—Indonesia, Peru, Egypt and Mozambique—reveals that funds intended to boost low-carbon growth are instead supporting investment incentives for projects that put the climate, forests and people at risk.
#Banque_mondial #développement #vieux_fossiles #énergies_renouvelables #Indonésie #Pérou #Égypte #Mozambique
