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World Bank Plans to Limit Financing of Coal-Fired Power Plants

2013-06-27 08:38:00| Climate Ark Climate Change & Global Warming Newsfeed

Reuters: The World Bank plans to limit the financing it provides for coal-fired power plants to "rare circumstances" as part of the global financial body's efforts to address the impact of climate change. The move was detailed in a 39-page strategy document seen by Reuters. It came a day after US President Barack Obamaas part of a sweeping package of climate measuressaid that the United States would stop investing in coal projects overseas and called on multilateral banks to do the same. "The World...

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