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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...
Australia Firm's Infractions in Indonesia Bring One-Year World Bank Project Ban
2013-06-24 18:31:24| ENR.com: Headline News
Engineer GHD says overcharges and fees that its now-closed local units paid to subconsultants on a 2007 post-tsunami contract was an isolated practice.
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World Bank funds Nanchang urban rail project in China
2013-06-24 01:00:00| Railway Technology
The World Bank has provided a loan of $250m to support the development of an urban rail line in Nanchang, China.
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Climate change could impact food output: World Bank report
2013-06-21 16:00:00| Climate Ark Climate Change & Global Warming Newsfeed
Economic Times: The government's attempts to push through the Food Security Bill may earn it political brownie points, but failure to counter and stem climate change is likely to blunt the impact of the legislation. Existing projections on the impact of higher temperature on agricultural production vary. However, there is empirical evidence that higher temperatures, and the resulting higher levels of carbon dioxide in the atmosphere are expected to lower protein levels of crops such as wheat and rice. A World...
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World Bank highlights climate-poverty link
2013-06-20 16:00:00| Climate Ark Climate Change & Global Warming Newsfeed
Associated Press: The World Bank says it will increasingly view its efforts to help developing countries fight poverty through a "climate lens." In a report released Wednesday, the international lending institution warned that heat waves, rising seas, more severe storms and other impacts of climate change will trap millions of people in poverty. As a result, the Washington-based bank said it is stepping up support for efforts to curb climate change and to help the world adapt to it. "Urgent action is needed...
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