Arab Today, arab today world bank\s energy funding scrutinized
Last Updated : GMT 11:43:26
Arab Today, arab today
Arab Today, arab today

World Bank\'s energy funding scrutinized

Arab Today, arab today

Arab Today, arab today World Bank\'s energy funding scrutinized

Washington - UPI

An advocacy group campaigning against fossil fuels said World Bank funding for clean energy projects is missing the mark. Oil Change International said its review of World Bank funding for 2013 showed $2.7 billion went toward fossil fuels compared with $1.7 billion for clean energy programs. \"Despite its recent commitment to phase out coal lending, the World Bank Group\'s most recent fiscal year continues a persistent bias towards fossil fuels,\" Oil Change International said in a report published Tuesday. Last month, the World Bank approved $140 million in funding for Myanmar, formerly known as Burma, to replace dilapidated gas turbines with new power units. It said the new units would produce 250 percent more electricity than existing plants with the same amount of gas. \"Replacing existing gas turbines [will] make them run cleaner, greener and more efficiently,\" the bank said. Oil Change International said the bank was focused too much on programs that would use fossil fuels, which a report this year from the Intergovernmental Panel on Climate Change said contributed to global warming. \"Funding the expansion of known reserves is both wasteful and dangerous,\" the advocacy group said.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today world bank\s energy funding scrutinized Arab Today, arab today world bank\s energy funding scrutinized

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today world bank\s energy funding scrutinized Arab Today, arab today world bank\s energy funding scrutinized

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
Arab Today, arab today Seeks to move past rift with Israel

GMT 08:00 2017 Monday ,08 May

Seeks to move past rift with Israel
View News in Arabic - Business: مصارف
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday