New GWPF Report: World Bank "Abandons The Poor"
(Thomson Reuters ONE) -
A new report: 'The Anti-Development Bank: The World Bank's Regressive Energy
Policies', by the London-based Global Warming Policy Foundation (GWPF) finds
that the World Bank has abdicated its primary mission of tackling poverty in the
developing world.
LONDON, Oct. 13, 2017 (GLOBE NEWSWIRE) -- The report, written by author and
former Treasury adviser Rupert Darwall, with a foreword by the distinguished
economist and former World Bank research administrator, Professor Deepak Lal,
comes as ministers travel to Washington, DC to attend the annual World Bank
meeting.
The report finds that the bank's energy policies are hurting development and
making poor countries poorer.
By embracing high-cost, low-reliability renewables and restricting clean coal
financing, the World Bank is guilty of "an inhumane and senseless attempt to try
and save the planet on the backs of the world's poor," Darwall says.
In line with the demands made by developing countries, he argues that the World
Bank should lift its 2013 ban on financing coal-fired power stations and help
the world's poorest by supporting the next generation of low-emission power
stations.
He calls on the World Bank to abandon what he says is "its damaging advocacy of
renewable energy for countries that can ill afford the costs and risk of flawed
technologies that rich countries have yet to solve".
Rupert Darwall: The Anti-Development Bank: The World Bank's Regressive Energy
Policies (PDF)
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http://www.globenewswire.com/NewsRoom/AttachmentNg/c141fa3f-
209e-44fd-8dcd-8378ebba292f
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at http://www.globenewswire.com/NewsRoom/AttachmentNg/c71e7823-f95d-49fe-8cf2-
e116bd6d6442
Attachments:
A photo accompanying this announcement is available
at http://www.globenewswire.com/NewsRoom/AttachmentNg/768a127e-62ea-48e7-ba51-
2a4806420997
Dr Benny Peiser
The Global Warming Policy Foundation
+44 20 7340 6038
info(at)thegwpf.org
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: The Global Warming Policy Foundation via GlobeNewswire
Datum: 13.10.2017 - 19:18 Uhr
Sprache: Deutsch
News-ID 563632
Anzahl Zeichen: 2738
contact information:
Town:
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Kategorie:
Business News
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