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World Bank signs $1.1bn loan agreement for India's Eastern DFC project
2014-12-12 01:00:00| Railway Technology
The Indian Government and World Bank have signed a $1.1bn loan agreement for the second phase of Eastern Dedicated Freight Corridor in the northern part of the country.
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World Bank to ditch coal for clean energy
2014-11-24 18:55:00| Climate Ark Climate Change & Global Warming Newsfeed
Guardian: The World Bank will invest heavily in clean energy and only fund coal projects in circumstances of extreme need because climate change will undermine efforts to eliminate extreme poverty, says its President Jim Yong Kim. Talking ahead of a U.N. climate summit in Peru next month, Kim said he was alarmed by World Bank-commissioned research from the Potsdam Institute for Climate Impact Research in Germany, which said that as a result of past greenhouse gas emissions the world is condemned to unprecedented...
World Bank releases damning report climate change
2014-11-24 15:00:00| Climate Ark Climate Change & Global Warming Newsfeed
New Times: The extent of climate change resulting from human activities has gone beyond a point of 'no return' and the abnormalities, according to a new World Bank report released today. Experts will find these findings damning but it's exactly what scientists have been warning of for a long time and the poorest countries, majority of them from Africa, are set to suffer most from this new reality. "Today's report confirms what scientists have been saying - past emissions have set an unavoidable course to...
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World Bank: No Matter What Governments Do Big Climate Change Coming
2014-11-24 05:05:00| Climate Ark Climate Change & Global Warming Newsfeed
Reuters: Some future impacts of climate change, such as more extremes of heat and sea level rise, are unavoidable even if governments act fast to cut greenhouse gas emissions, the World Bank said on Sunday. Past and predicted emissions from power plants, factories and cars have locked the globe on a path towards an average temperature rise of almost 1.5 degrees Celsius (2.7 Fahrenheit) above pre-industrial times by 2050, it said. "This means that climate change impacts such as extreme heat events may now...
World bank to focus future investment on clean energy
2014-11-23 22:01:00| Climate Ark Climate Change & Global Warming Newsfeed
Guardian: The World Bank will invest heavily in clean energy and only fund coal projects in circumstances of extreme need because climate change will undermine efforts to eliminate extreme poverty, says its president Jim Yong Kim. Talking ahead of a UN climate summit in Peru next month, Kim said he was alarmed by World Bank-commissioned research from the Potsdam Institute for Climate Impact Research in Germany, which said that as a result of past greenhouse gas emissions the world is condemned to unprecedented...
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