World Bank's $3.75bn coal plant loan defies environment criticism

clock • 3 min read

US, Britain, the Netherlands, Italy and Norway abstain from vote in protest

The World Bank approved a controversial $3.75bn loan to build one of the world's largest coal plants in South Africa yesterday, defying international protests and sharp criticism from the Obama administration...

To continue reading this article...

Join BusinessGreen

In just a few clicks you can start your free BusinessGreen Lite membership for 12 months, providing you access to:

  • Three complimentary articles per month covering the latest real-time news, analysis, and opinion from Europe’s leading source of information on the Green economy and business
  • Receive important and breaking news stories via our daily news alert
  • Our weekly newsletter with the best of the week’s green business news and analysis

Join now

 

Already a BusinessGreen member?

Login

More on Investment

BSI unveils UK investment standards to combat 'greenwashing' in nature markets

BSI unveils UK investment standards to combat 'greenwashing' in nature markets

Government-backed Nature Investment Standards aim to boost investor confidence in nature-based carbon credits, biodiversity net gain projects, and farming subsidy schemes

Michael Holder
clock 26 March 2026 • 2 min read
Church of England Pensions Board to vote against 'climate backtracking banks'

Church of England Pensions Board to vote against 'climate backtracking banks'

Manager of £3.4bn-worth of funds reveals plan to vote against reappointment of directors at leading banks over climate risk concerns

Michael Holder
clock 26 March 2026 • 5 min read
Draft guidelines unveiled to help unlock finance for industrial decarbonisation

Draft guidelines unveiled to help unlock finance for industrial decarbonisation

Voluntary Transition Finance Guidelines aim to provide greater clarity and consistency for investors to help them support 'real economy decarbonisation'

Michael Holder
clock 26 March 2026 • 4 min read