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World Bank to Dramatically Limit Financing of Coal Plants
2013-07-17 07:29:00| Climate Ark Climate Change & Global Warming Newsfeed
Reuters: The World Bank's board on Tuesday agreed to a new energy strategy that will limit financing of coal-fired power plants to "rare circumstances," as the Washington-based global development powerhouse seeks to address the impact of climate change. The Bank will amend its lending policies for new coal-fired power projects, restricting financial support to countries that have "no feasible alternatives" to coal, as it seeks to balance environmental efforts with the energy needs of poor countries. The...
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Category:Electronics and Electrical