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World Bank to 'cease providing' funding for new coal projects
2013-06-29 16:00:00| Climate Ark Climate Change & Global Warming Newsfeed
Inter Press Service: The World Bank is set to consider dramatically cutting down its funding for coal-related power projects, according to a draft strategy document leaked this week. The bank`s continued focus on coal projects, particularly in poor countries, has been a key frustration for environmentalists and some development experts, who have warned that such a stance is at odds with the Washington-based multilateral lender's attempts to strengthen its focus on climate change mitigation and adaptation. While...
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