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World Bank joins war on coal

2013-07-18 17:28:00| Climate Ark Climate Change & Global Warming Newsfeed

Grist: There`s a new ally in the fight against the dirtiest of fossil fuels. The World Bank`s board of directors approved a strategy shift this week that will move the lending body formally away from its longstanding support of coal-fired power plants in favor of cleaner and smarter alternatives. Following the adoption Tuesday of its Energy Sector Directions Paper [PDF], the World Bank will "provide financial support for greenfield coal power generation projects only in rare circumstances," such as...

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