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World Bank Says Russian Macro Forecast Better Than Expected, Russian Stocks Higher
2015-06-02 19:57:33| IT Services - Topix.net
The World Bank came out on Tuesday and revised its Russian GDP forecast to a 2.7 percent decline through 2015, marking an improvement from the previous 3.8 percent contraction that was previously projected. The Moscow Times cited the bank's lead economist for Russia who noted that the revision is attributed to a recovery in oil prices in recent months, a stronger ruble and slowing inflation.
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World Bank sets methane price floor to cut emissions
2015-05-29 11:00:00| Climate Ark Climate Change & Global Warming Newsfeed
RTCC: To gee up green projects at risk of closure, the World Bank has guaranteed a minimum price for methane credits being auctioned for the first time. That will stimulate investment in projects ranging from biomass to waste management in developing countries, it hopes, curbing emissions of the heat-trapping gas. The owner of a landfill site could capture methane from the waste to generate power, for example. The World Bank says its plans will give financial security to sites in developing countries...
Gold rush: How World Bank is financing environmental destruction
2015-04-17 16:00:00| Climate Ark Climate Change & Global Warming Newsfeed
Huffington Post: It started as just another farm chore for Elvira Flores, a teenage shepherd in the northern Andean highlands. On Sept. 8, 2013, Flores drove her flock across a dirt road that crosses her family`s rocky green fields and down to a stream. After the sheep drank their fill, something went wrong. ICIJ and The Huffington Post estimate that 3.4 million people have been physically or economically displaced by World Bank-backed projects since 2004. For email updates on our investigation, sign up...
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VIDEO: World Bank head pledges AIIB support
2015-04-17 05:06:27| BBC News | Business | UK Edition
The head of the World Bank, Jim Yong Kim, says he will work with China's new Asian Infrastructure Bank to help fight poverty.
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World Bank president calls fossil fuel subsidies be scrapped
2015-04-14 13:08:00| Climate Ark Climate Change & Global Warming Newsfeed
Blue and Green: Jim Yong Kim, the president of the World Bank, has called for fossil fuel subsidies to be scrapped immediately and for a price to be put on carbon. Speaking to the Guardian, Kim said, You can have growth that will protect the plant and decouple carbon emissions from growth. We can get it now, but it would be much easier if we put a price on carbon. He added, [Developing countries] can feel the boot of climate change on their neck, more so than people in the developed world. The results of...
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